> Fiat money is simply money that is asserted to be valuable. No. This is absolutely not the historical or academic definition of this term. From investopedi

> Fiat money is simply money that is asserted to be valuable. No. This is absolutely not the historical or academic definition of this term. From investopedia: > Fiat money gives central banks greater control over the economy because they can control how much money is printed. [0] To (in the passive voice, no less) that any money which "is asserted to be valuable" is fiat money makes every object ever valued by any human into fiat money. Moreover, it manufactures consent because it takes away the crucial ability to talk about money which can be capriciously inflated vs. money which cannot. And being in the latter category is, according to Bitcoin proponents (heck, according to me), among Bitcoin's strengths. 0: https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp