I understand the distinction. Still fiat money is called just that, fiat money. I know it's not money and currency could be considered a more appropriate term.
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I understand the distinction. Still fiat money is called just that, fiat money. I know it's not money and currency could be considered a more appropriate term.
But that is the point, I don't believe the average joe gets the distinction, they get paid in their fiat currency and go along happily with their everyday lives.
I think if we are to go through this metamorphosis as a society, then we need to start calling things what they really are, but more importantly we need to help others understand.
I agree.