Yes fiat has become a word of derision amongst the cryptocoin community, completely ignoring the fact that cryptocoins are essentially a form of fiat currency.

Yes fiat has become a word of derision amongst the cryptocoin community, completely ignoring the fact that cryptocoins are essentially a form of fiat currency. Many crypto fans sidestep the fact that cryptos also don't have intrinsic value, and the networks aren't as a decentralized as one would think(handfuls of devs, early adopters, and pool and exchange operators hold a large sway over the networks and future of the coins).