>>61126635
>>61126646
"Fiat" is latin for "decree".
Fiat money means "decreed wealth".
Crypto is also decreed wealth, it has no tangible value and scarcity is but a promise by some dude. Just like old dollar bills promised their value in silver and gold scarcity once.

Those old bills can no longer be traded for real value, promises broken.

Enjoy your neo-fiat.