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Merge pull request #161 from ethereumclassic/c11r/230811-1217-add-twe…
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Add tweet proof of stake is a form of fiat currency
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DonaldMcIntyre authored Aug 13, 2023
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Proof of Stake is a form of Fiat Currency.

https://www.merriam-webster.com/dictionary/fiat

"act of will that creates something without or as if without further effort"

It is not backed by anything other than itself.

Proof of Work, though, is backed by energy.

#EthereumClassic

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