4 ms·

I believe it's called "money." As in, "I wish to exchange my fantasy internet points for money."

• VMG 11y ago
  > I believe That's why it is called "fiat"
  • teraflop 11y ago
    That's a snappy one-liner, but "a currency which has value because people believe in it" applies just as well to Bitcoin as it does to the US dollar.
    • jfb 11y ago
      It also doesn't make any damn sense, given that "fiat" is Latin for "let it be done", not "I believe".