R&E Political Discussion 2026: By strict definition you are right.

R&E Political Discussion 2026
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By strict definition you are right.

Posted by Arwen on June 13, 2026, 2:00 pm, in reply to "Arwen, earlier you said "It (Bitcoin) is a fiat currency like the US dollar.""

But neither the US dollar or bitcoin would be worth anything without the confidence of the trader. Neither are backed by gold or silver, although the dollar was at one time, as you know.

I concede that particular point and appreciate the discussion.

Message Thread

Arwen, earlier you said "It (Bitcoin) is a fiat currency like the US dollar." - Mondo Fuego™ June 13, 2026, 11:16 am

By strict definition you are right. - Arwen June 13, 2026, 2:00 pm

I find it hard to comprehend that anyone would have confidence in Bitcoin after 50% drop in 1 month. - Mondo Fuego™ June 14, 2026, 11:03 pm
- Well, me too, but freedom includes the right to do incomprehensible things. - Arwen June 15, 2026, 6:54 am
  - Investing in Bitcoin is monetary Russian Roulette;) - Mondo Fuego™ June 15, 2026, 9:15 am

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