Bitcoiners brought the word "fiat" to the vernacular.
I propose we introduce the proper name of inflation to the world:
The double spending problem.
Printing money causes inflation, explained by Scrooge McDuck in 1967, four years before Nixon ended the gold standard & kicked off 50+ years of printing money out of thin air.
Back then they explained the dangers of money printing to kids, now they hide it from everyone… https://v.nostr.build/ky2V.mp4
Bitcoiners brought the word "fiat" to the vernacular.
I propose we introduce the proper name of inflation to the world:
The double spending problem.
not for me, i learned about fiat from my study of catholics/christians.
That's pretty cool. I was raised catholic and never heard the term before finding bitcoin.