What is fiat money used for?
Fiat money is used as legal tender by government decree and other people will accept it as payment for transactions . The chapter discusses different models of how people form their expectations regarding inflation. Consider the following two? investors, who are trying to forecast what inflation will be for next year.
How are bitcoins determined?
The value of each bitcoin is determined on the basis of supply and demand and is defined in terms of dollars. New bitcoins can be generated through a process called? "mining.". However, new bitcoins will not be created once there are a total of 21 million bitcoins in existence.
Is Bitcoin a decentralized currency?
Bitcoins are defined as a? "peer-to-peer decentralized digital? currency.". The supply of bitcoins is not controlled by the government or any other central agency. The value of each bitcoin is determined on the basis of supply and demand and is defined in terms of dollars.
How many bitcoins are there in the world?
New bitcoins can be generated through a process called? "mining.". However, new bitcoins will not be created once there are a total of 21 million bitcoins in existence. Some commentators feel that bitcoins can eventually replace most of the major currencies in the world.
Is bitcoin controlled by the government?
The supply of bitcoins is not controlled by the government or any other central agency. The value of each bitcoin is determined on the basis of supply and demand and is defined in terms of dollars. New bitcoins can be generated through a process called? "mining.".
There is an article about where is grey market, please watch it together. If you have any questions, remember to reply.
