Fiat money
Fiat money is currency whose monetary status depends primarily on government designation, institutions, and monetary policy rather than commodity convertibility.
Why it matters
Fiat money is currency whose monetary status depends primarily on government designation, institutions, and monetary policy rather than commodity convertibility.
Key ideas
- Fiat money is currency whose monetary status depends primarily on government designation, institutions, and monetary policy rather than commodity convertibility.
- This topic belongs to California Bitcoin’s money knowledge layer.
- Use primary and technical sources where possible, and distinguish protocol facts from market narratives.
Primary and technical sources
Bitcoin Developer DocumentationBitcoin.orgBitcoin: A Peer-to-Peer Electronic Cash SystemSatoshi Nakamoto