RT Nick Szabo (@NickSzabo4)Because we had gold in there in 1953? Had it all gone overseas by 1971? Under Bretton Woods certain foreign governments could redeem dollars for gold at a fixed price. The dollar supply grew much faster than the gold supply, and France took advantage of this by redeeming dollars for gold. By 1971 this forced Nixon to go full fiat.Also, AFAIK there's always been more gold stored at the NY Fed than at Fort Knox. ...

RT Nick Szabo (@NickSzabo4)Eventually default turned these gold IOU paper notes into fiat. BofE started refusing to honor its notes in 1931. The Fed reduced the amount of gold it would redeem a dollar for in 1933, restricted gold trade by targeting the centralized bank vaults, and went full fiat in 1971. ...

RT Marcelo Cardenal⚡ (@MarcelCardenal)This is why measuring wealth in fiat terms can be misleading. 👇 ...

RT Bitcoin Magazine (@BitcoinMagazine)Unlimited fiat, only 21 million #Bitcoin https://t.co/ZeO34Mx6bV ...

Unlimited fiat, only 21 million #Bitcoin https://t.co/ZeO34Mx6bV ...

RT Final Settler (@FinalSettler)@NickSzabo4 Investors fleeing counterparty risk are ironically running into the asset that forced the creation of the fiat scaling system because of its counterparty risk: gold. ...

RT Kit (@kit_sats)Sometimes I stop tweeting about Bitcoin… to wonder how people survive on just fiat. ...

RT Nick Szabo (@NickSzabo4)@metapills @saylordocs That was an extremely unusual event in the Roman Empire. For fiat it's business as usual. ...

RT Nick Szabo (@NickSzabo4)@saylordocs The irony of this cartoon is that Roman coins were debased at a far slower rate, over the long term, than modern fiat is. The Eastern Roman (Byzantine) solidus went for seven centuries without debasement. ...

If you only hodl your Dash, that means you spend fiat. That means you still have fiat.Get rid of that fiat, anon, then you can hodl and spend Dash.MOCA 🍥 (@MOCA_app):Hey @Dashpay can you stop it plsHow are we supposed to tell people they can pay with $DASH everywhere if they only want to hodlCan @TheDesertLynx do something? ...