Comment: No

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In reply to comment: I know nothing about BC so (see in situ)

No

Definition of Fiat money : Currency that a government has declared to be legal tender, despite the fact that it has no intrinsic value and is not backed by reserves.

Bitcoin currency is not in the central control of anyone, it's backed by it's utility and the platform it uses. As of right now It is the best form of currency available.