fiat currencies aren't back by government wealth, they're "backed" by people's trust in the future stability of the currency. people trust that the value of the

fiat currencies aren't back by government wealth, they're "backed" by people's trust in the future stability of the currency. people trust that the value of the currency will remain relatively constant over shortish time horizons this "value" is also arguably "artifical" bc it is also derived from nebulous concepts like "trust" I personally think deriding something bc it's source of value it's what I like is a fruitless exercise