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Why do we pay for bitcoin in USD?
M4A•Episode home
Manage episode 224781264 series 1485914
Content provided by Dereck Tafuma. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dereck Tafuma or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
We pay for Bitcoin in USD or other fiat currencies. Does that mean the people we are paying would rather have the USD? Are we foolish to do this? No. Fiat currency is just one of the payment options. We can also get bitcoin as a gift or we can accept it as a form of payment for products and services. We can also mine for bitcoin or we can tokenise a process and create a cryptocurrency such as bitcoin. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dereck-tafuma/message
…
continue reading
116 episodes
M4A•Episode home
Manage episode 224781264 series 1485914
Content provided by Dereck Tafuma. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Dereck Tafuma or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
We pay for Bitcoin in USD or other fiat currencies. Does that mean the people we are paying would rather have the USD? Are we foolish to do this? No. Fiat currency is just one of the payment options. We can also get bitcoin as a gift or we can accept it as a form of payment for products and services. We can also mine for bitcoin or we can tokenise a process and create a cryptocurrency such as bitcoin. --- Send in a voice message: https://podcasters.spotify.com/pod/show/dereck-tafuma/message
…
continue reading
116 episodes
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