Post
Topic
Board Economics
Re: Semantics of "fiat"
by
R2D221
on 08/02/2015, 06:35:25 UTC
The word fiat is just Latin for "let it be done", "it shall be" aka created from thin air.  Which is Bitcoin.  Created from thin air.  Big difference is USD derive the price from Treasury bonds (future debt of USA).  Bitcoin price derived from millennial speculators

It is, and I think the definition should derive from the translation of the word, not what is currently listed in Wikipedia.   I think that millennials have like, completely changed the meanings of LITERALLY MILLIONS of words.


Exactly. That's how language evolution works, We can't hang on to the definitions of the past, which nobody uses anymore in the present.