3 ms·> I believe That's why it is called "fiat"by VMG 11y ago> I believe That's why it is called "fiat"teraflop 11y agoThat'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 agoIt also doesn't make any damn sense, given that "fiat" is Latin for "let it be done", not "I believe".