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> every fiat currency is imaginary. Well, the USD is backed by the "full faith and credit of the United States government" which, however you may feel about it
by prottog 4y ago
> every fiat currency is imaginary.
Well, the USD is backed by the "full faith and credit of the United States government" which, however you may feel about it, isn't imaginary. Each dollar is a claim to a piece of output of the world's largest economy with the strongest military.