Comment: Haha...

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Haha...

how ironic that you rant about the subjectivity of words...

"fiat money is in a wider sense any money declared to be legal tender by government fiat (ie law). IN THE NARROWER SENSE USED HERE, fiat money is an intrinsically useless good used as a means of payment and a storable object." = http://wiki.mises.org/wiki/Fiat_money

NOTICE: that definition is from the MISES FRICKIN' WIKI :)

The authors of the MISES FRICKIN WIKI says that the discussion of fiat within the confines of MISES discussions refers to INTRINSIC USELESSNESS and that the govt decree part is just a historical curiosity that is not relevant to the discussion.

When in the world of Mises the term "fiat" refers to "INTRINSIC USELESSNESS OTHER THAN USE AS A PAYMENT AND STORABLE OBJECT" (which could not more perfectly describe bitcoin!).

Stick that in your subjective/objective pipe and smoke it. :)

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~wobbles but doesn't fall down~