A fiat currency is
any money declared by a government to be legal tender.[1]
state-issued money which is neither convertible by law to
any other thing, nor fixed in value in terms of any objective standard.[2]
money without intrinsic value.[3][4]
Fiat is latin for "it shall be." Ripple XRP was basically conjured up, it has no value, it has no origin except for the Ripple corp. Now keep sucking on that Ripple currency milk bag. Maybe the ponzi scheme will peel out for you and you'll be able to fund that storybook startup of yours.
Comments
A fiat currency is any money declared by a government to be legal tender.[1] state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.[2] money without intrinsic value.[3][4]
Fiat is latin for "it shall be." Ripple XRP was basically conjured up, it has no value, it has no origin except for the Ripple corp. Now keep sucking on that Ripple currency milk bag. Maybe the ponzi scheme will peel out for you and you'll be able to fund that storybook startup of yours.