I support this idea, but on the forum I think it's safe to use fiat. Most people around here will get it, and those who don't can go look it up (If they even bother to).

But for explaining it to everyday people, I think bank/government currency would be a much better way of describing it to them. I didn't learn what fiat was until about 1/2 a year ago, and I'm one of the most financially-inclined people among my colleagues.

But I think that "government currency" would be better among the two, since even then not a lot of people know that currencies are issued by banks. They just assume American Dollar = American Government.

We really need to educate the masses better...

Yeah, I use terms like 'central bank currency' IRL. Agree that fiat isn't a very well known term in everyday use, and talking in terms people can relate to makes it harder to dismiss you as some gobbledegook speaking radical.. Once they understand a bit about how the banking system works, then I start to talk in terms of fiat. You have to lead people through the thought process or they get overloaded with unfamiliar stuff and shy away.

I like the idea

People are waking up to the idea that the State doesn't want to protect and help the people but to control them

just try not to go too far down the rabbit hole of true law (common law: theft, injury, murder) is being slowly wiped out by corporations (legal acts/legislation: corporate protections, taxes) and try not to go even further that governments are corporations.

so take it easy and spoon feed people slowly.. or they will think that your the crackpot. i stay99% away from the detailed stuff, although id love to come to a point that the nanny corporations 'acts' are repealed or simply ignored because they are no longer applicable

and now my 2 year reputation is tarnished by sounding like a wacko lol (see my point)

Because both are "Fake Money".

 

Never heard about the term fiat before entering the bitcoin world. I use only here because everyone use, but not outside.

And bitcoin can not be some kind of fiat, because fiat money, according to wikipedia, derives its value from gov regulation or law.

This would be a very good idea.  Especially to recognise Bitocin is in fact fiat itself.  Most wont like that, but its true, in that its not commodity based currency and its value is backed by regulation, albeit the protocol rather than government mandate.  Its a constant source of amusement that people rile against fiat when they are being pro bitcoin, apparently not realising the meaning of fiat.

By calling out "gov currency" its clearer to people what you mean and the separation from Bitcoin is technically more correct.