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Board Beginners & Help
Re: will the bitcoin reach $1000 one day...?
by
udet4food
on 28/11/2013, 15:51:30 UTC

Please tell me what "FIAT" is ? 


Simple answer: USD
Longer answer:

http://en.wikipedia.org/wiki/Fiat_money

Fiat money has been defined variously as:

any money declared by a government to be legal tender.
state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.
money without intrinsic value