5 ms·

fiat means by decree. Bitcoin made the term fiat popular.

• dbattaglia 5y ago
  I'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 ago
  I don't think so. Fiat has been a common term in finance for many decades.
• auntienomen 5y ago
  Uhh... 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
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