I have been studying the difference between Fiat and Bitcoin but I still get it twisted to understand what a Fiat mean, I would like the experienced members here to tell me the difference, I got to understand what a Bitcoin is all about but still confused on Fiat .
Thank you all
Fiat is still understandable, brother, just as you see the Naira we are using in our country (Nigeria) that the government legalised to be spent all over the nation is a fiat currency, so just in a simple way, fiat is a currency used by a specific country with the permission of their government. People already answered you, and I believe the reply you got in this thread is enough for you to understand what fiat is.