It sounds like you missed it above, so I'll share it in a reply:
"Fiat-money is backed by man with guns."
Fiat currency, I wouldn't call it money, is indeed backed by violence.
Without military powers protecting the banking interests, fiat currencies would have failed long ago. Some people like to suggest that the US Dollar is backed by oil. It's not or at least hasn't been for a very long time. It's backed by military power instead. That's what maintains its value.
The US government demands certain countries continue to use it, and those countries know the consequences for refusal. Look at all the proxy wars and conflicts happening now and in the recent past. They are or were all about securing resources, confiscating gold, or some other economic profit.
Therefore, this isn't a soundbite or gimmick sales pitch. It is a genuine problem, and Steemit is part of the solution. Instead of directly confronting a system we have no chance of defeating, we are instead creating alternatives. We are walking away.
Most people in this thread might not even realize this, but crypto is breaking the centuries long banking paradigm without firing a single shot. No violence is needed. People simply stop using fiat in favor of crypto, and then fiat systems, including all the violence supporting them, end.
That's not a soundbite. That's fucking beautiful.
See, when I come home from work - I can't wrap my head around all of this frilly language. Someone like you has to just put it all into plain English, in a way we can all understand.
If I can't get past the first paragraph of a post, because it sounds like a Unicorn ran down the end of a rainbow to find a pot of gold with whipped-cream & cherries on top - why keep on trying to read the rest of the post. I just roll my eyes and go find the next person who is original and authentic.
Sometimes a persons' approach to a topic can be "too polished." In some of those kinds of cases, i find myself unable to relate.
Awesome comment.
I too don't consider fiat money as money but that's the term used on Wikipedia so that's why I use this term. Funnily enough I've just looked at the page there and here is the first line.
Yes, the "powers that shouldn't be" love to confuse money and currency. I guess an easy way to answer the question, "Is it money or currency," would be "If the government didn't exist, would it still be worth something to other people?" US Dollars, no. Crypto, yes. Precious metals, yes.