Author Topic: Lies: A coin coined by coining is not a coin if it’s not a fiat coin  (Read 5685 times)

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Offline badon

It’s not a “medal”. A medal is a coin given as a monetary reward for some achievement. The pro-fiat propaganda lies say:

A coin coined by coining is not a coin if it’s not a fiat coin.

Yes, that’s really what “they” want you to believe, and yes, it is as ridiculous as it sounds. Anybody that knows anything about numismatics knows that coins predate the invention of fiat by more than 1000 years, give or take a few centuries. And, by definition, if it’s coined in a coining process, it is a coin. Furthermore, by numismatic convention, if it’s coined in ANY process that gives it the appearance and function of a coined coin, it’s also properly called a coin.

The only people surprised by the impressive price gains of the USA’s first non-fiat bullion coin are the people who don’t understand the most basic facts of numismatics – fiat is literally meaningless. Literally. You know we’re in a numismatic dark age when career numismatists do not understand the basics. It’s like medieval alchemists pouring noxious goop from one jar to another, going through the motions of pretending to do chemistry, when they don’t even know the words to describe their chemicals! They failed to turn lead into gold, just like the fiat-lovers failed to turn “fiat” into “coin”.
« Last Edit: 2016 Sep 01, 10:00:39 PM by badon »
 

Offline badon

Mentioned:

Market capitalization: A new way for investors to compare, analyze, and predict coin prices:
[...]

We're in a field that's ready for new researchers, and our only competition are charlatan alchemist bozos who are still trying to turn lead into gold - and by that I mean turn "fiat" into "coin". It's never going to work. No matter how many fools believe it, it makes no difference. It's still not true, and it never will be true. See: Lies: A coin coined by coining is not a coin if it’s not a fiat coin.

Edit by badon: Fixed quote URL after splitting to new topic.
« Last Edit: 2016 Sep 08, 11:09:09 PM by badon »
 

Offline badon

 

Offline badon

 

Offline badon

I made this "fiat coin anatomy" image that should help to show people the fiat traits of coins.