this post was submitted on 07 Nov 2024
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Earth 2 had a data breach. (haveibeenpwned.com)
submitted 2 weeks ago by Joker@sh.itjust.works to c/technology@lemmy.world
31 comments fedilink hide all child comments
 
  • Breach date: 16 October 2024
  • Date added to HIBP: 7 November 2024
  • Compromised accounts: 420,961
  • Compromised data: Email addresses, Usernames
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[–] ililiililiililiilili@lemm.ee 1 points 2 weeks ago

Value of anything only exists in the minds of humans. No value is inherent to anything. You're absolutely correct that gold isn't fiat. But gold could absolutely be used as currency. Its in circulation and used as a medium of exchange. You're also right that crypto is a currency. But its not a fiat currency. Crypto and fiat are both mediums of exchange not backed by a commodity. The key distinction is that fiat also relies on trust from the issuing institution.