I've never heard the terms "surveillance debt coupons" or "collateralized coupons" as a synonym for fiat. I like it!

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Well, fiat is an "uncollateralized coupon." That's what make them so dangerous to use as a currency. Collateralized coupons are things like goldbacks or the lightning bitcoin tokens. Things redeemable for the underlying monetary asset.

Thank you for the correction and explanation.