Haha! I love it!

Fiat currency doesn't represent anything, it's not back by anything.

I know people keep repeating the fallacy that it's back by the resources a country own or the power of those countries to tax their citizenry but this is a fallacy nonetheless. The currency is backed by nothing.

When some country issue new money through fractional reserve banking or quantitive easing or whatever the mean the simple result is that those who hold those currencies see their buying power shift to those who acquire those newly issued currency.

The resources stays the same, the taxation can change or remain the same. That has no bearing on money creation.

Currency issuance is "pseudo agreed thievery".

Those worthless currencies are what is being used to buy Bitcoin, quasi risk free by those who create money out of nothing.

https://twitter.com/EnderWiggin1970/status/902263972291858433