<p>The currency you are most likely used to right now is fiat money or in other words "imaginary".</p>

<blockquote>
  <p>DEFINITION OF 'FIAT MONEY'</p>
  
  <p>Currency that a government has declared to be legal tender, but is not
  backed by a physical commodity. The value of fiat money is derived
  from the relationship between supply and demand rather than the value
  of the material that the money is made of. Historically, most
  currencies were based on physical commodities such as gold or silver,
  but fiat money is based solely on faith. Fiat is the Latin word for
  "it shall be". <a href="http://www.investopedia.com/terms/f/fiatmoney.asp" rel="nofollow">http://www.investopedia.com/terms/f/fiatmoney.asp</a></p>
</blockquote>

<p>So I would ask you, why do you use an imaginary currency?</p>

CC BY-SA 3.0
2015-11-11T20:01:10.230Z
2015-11-11T20:06:28.050Z
2015-11-11T20:06:28.050Z
Charles S
<p>Almost everyone who encounters the idea for the first time (including me) has the same reaction, that can't possibly work. But so far the market has proved the skeptics wrong.</p>

CC BY-SA 3.0
2015-11-12T16:15:40.227Z
Maybe because quaternion currency is too complicated for the average person. </bad joke>
Meni Rosenfeld
<buy-bitcoins>
Why would anyone use a payment network based on an imaginary currency?
dwi Zul
# Why would anyone use a payment network based on an imaginary currency?

(Asked by: username_0 on 2015-11-11)

Almost everyone who encounters the idea for the first time (including me) has the same reaction, that can't possibly work. But so far the market has proved the skeptics wrong.

**Tags:** buy-bitcoins

> **Comments:**
> **username_1**: Maybe because quaternion currency is too complicated for the average person. </bad joke>  

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## 1 answers

### Answer by username_2 on 2015-11-11. Score: 1 | Accepted answer

The currency you are most likely used to right now is fiat money or in other words "imaginary".

> DEFINITION OF 'FIAT MONEY'
>
> Currency that a government has declared to be legal tender, but is not
> backed by a physical commodity. The value of fiat money is derived
> from the relationship between supply and demand rather than the value
> of the material that the money is made of. Historically, most
> currencies were based on physical commodities such as gold or silver,
> but fiat money is based solely on faith. Fiat is the Latin word for
> "it shall be". <http://www.investopedia.com/terms/f/fiatmoney.asp>

So I would ask you, why do you use an imaginary currency?


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