49: A Way For Fiat Currency To Work?

Today I explore an idea posed by Roderick M. on LinkedIn about how fiat currencies could work without being backed by a commodity. I found it an interested though exercise and would love to have this idea built upon or critiqued by others.Links from the show:wtfhappenedin1971.com Episode 34: Utility of Bitcoin | Sound Money and Deflationary Currency41: Distorted Markets, Inflation, and the Federal Reserve with John Coffey | Part 1==============================Check out getbitcoinfi.com for more blog posts and articles, and get involved in the community.Strike - the Venmo of crypto. Buy, sell and send crypto with no fees. Use my link to get $10, no purchase necessary.Cash App has low fees and Bitcoin only. Get $5 when you sign up with me linkI have a Roth IRA with Choice to buy Bitcoin in a tax sheltered account. Traditional IRA's are also available. We both get $50 in Bitcoin when you open and fund an account, plus daily chances to win Bitcoin.Swan Bitcoin: Lower fees than Coinbase with a strong focus on educationGiddy waitlist - A simple to use DeFi appMy TwitterMy Youtube==============================Feel free to schedule 15 minutes with me.Note: Swan Bitcoin is my only affiliate relationship - the rest are mutually beneficial referral links.