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"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new
by chockchocschoir 5y ago
"Fiat" does not mean "real-world money" as any money you consider "real" is "real". "Fiat" refers to money not backed by something physical, and it is not a new term that appeared from the cryptocurrency space (as many believe).
The search trend, https://trends.google.com/trends/explore?date=all&q=Fiat%20Money https://trends.google.com/trends/explore?date=all&q=Fiat%20M..., seems to be relative stable since start of collecting trend data (2004), with slightly increasing volume as we get closer to today, but generally stable.
More information: https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp
- asasidh 5y agofiat means by decree. Bitcoin made the term fiat popular.
- dbattaglia 5y agoI've heard it used often in the past (like 10 - 15 years ago) by some of my Ron Paul loving anti-Fed libertarian friends that were always talking about how we need to move back to the gold standard. I think Bitcoin certainly exposed the term to even more folks with different backgrounds outside of those who study or work in economists and finance.
- chockchocschoir 5y ago> Bitcoin made the term fiat popular. I don't think this is true, and I also provided a link to Google Trends proving this is not true (at least in terms of "Google Popularity"). Do you have any evidence that Bitcoin made that term popular?
- Handytinge 5y agoI don't think so. Fiat has been a common term in finance for many decades.
- auntienomen 5y agoUhh... Popular on Reddit maybe. The term 'fiat' has been standard among traders, economists, and other professionals for a very long time. Other options were common until quite recently.
- deleted 5y ago[deleted]