fiat money :

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fiat money

  • n  money that the government declares to be legal tender although it cannot be converted into standard specie
News & Articles

  • Is The Best Way To Kill Bitcoin To Make It Legit?
    When the government attempts to regulate and tax Bitcoin transactions, it may keep users from ever converting the virtual currency into fiat money. Will a discrete Bitcoin economy flourish, or will it veer toward the mainstream and become just another flimsy virtual currency? This week, a Texas judge may have initiated the beginning of the end of Bitcoin--by ruling it a legitimate currency under ...
    Aug. 9, 2013 - Fast Company Magazine

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