You realize that “fiat currency” really means “by fiat” as in “by law”.
The law says the dollar is the legal currency of the US and they will (or would) literally take away your liberties if you threatened their monopoly over money.
> they will (or would) literally take away your liberties if you threatened their monopoly over money.
And this has happened. There have been many attempts to create own money, they all were eventually squashed by governments.
Governments allow limited "currencies" that amount to "stable coins" like coupons, bonus points, virtual cards/dollars/points specific to stores. But that's about it.
The government is all of us. A society self-organizing by whatever rules suit itself. If we want Bitcoin, we can keep it.
The government is an oppressive force that will squash dissent. This makes Bitcoin a moral imperative maintaining a semblance of transactional freedom in the face of that force.
Except that it quite literally means it's money because law.
At the moment it seems much more likely that the US government will survive than that BTC will be popular (and I think the relative values are fairly reasonable), but a few GPTs from now when computer governance becomes not only plausible but likely and crypto will seem like the only reasonable option.
The law says the dollar is the legal currency of the US and they will (or would) literally take away your liberties if you threatened their monopoly over money.