[quantadev]

I never said Fiat was an asset. You keep pretending like I'm some kind of Fiat advocate and I'm not. I just believe in real assets not make-believe ones, backed by nothing but faith.

Perhaps a good definition of the difference between currencies and assets is that currencies are backed by faith, and assets are backed by physical reality. (However that's a "necessary but not sufficient" definition, so it's only part of the definition, not the complete definition of course)

[desumeku]

Are stocks, securities and ETFs backed by "physical reality"? Are treasury bills and bonds? If you are a goldbug who just thinks we should all be using gold, you should probably say so.

[quantadev]

You realize stocks and securities are a part ownership in a company right? lolz. So yeah stocks are backed by physical reality. Maybe you can research what ETFs, and those other things are on your own time, since you apparently don't know.