Is a fiat still a fiat if it's coated in gold?

[Skitarii]

 

[Fascist Frederick]

Which game is that, 4 or 5?

 

[Moths]

Only niggers have been pre ordained to have 'bling'

 

[My Name is Ed]

No, then it's considered to have inherent value and is no longer fiat.

 

[Shig O'nella]

No, then it's considered to have inherent value and is no longer fiat.

But if it has inherent value, it can be used as a store of value. However using it as a store of value would require a subjective decision by the concensus of the population, which would make it effectively fiat currency.

So no - still a Fiat.

 

[Makov Pitt]

i take the gold, i snatch it off the car. it is now a car, a car has a low value after it is bought, even lower without the bling.

 

[My Name is Ed]

But if it has inherent value, it can be used as a store of value. However using it as a store of value would require a subjective decision by the concensus of the population, which would make it effectively fiat currency.

So no - still a Fiat.

I'm about as competent at economics as OP is at being straight, but I'm under the impression that fiat has less to do with having a quantifiable value than it is about being worthless without that consensus, whereas gold has uses (and therefore value) whether or not we can apply a number to it.

 

[The Lawgiver]

It's a hybrid of gold and fiat. Like how goldbug in transformers is a combo of gold and Volkswagen beetle.

By creating such a beast you must be aware of the unforseen consequences to come.

 

[AirdropShitposts]

Let's ask Rusty Shackleford:

 

[Papa Adolfo's Take'n'Bake]

A spray painted turd is still a turd.