It's not what I call fiat, it's the definition of fiat. I thought bitcoin was not a fiat currency, but in fact it is, because it's value is controlled by supply and demand based on the decisions of humans.

I am now convinced that bitcoin will, like all fiat currencies, inevitably fail. It doesn't matter if its value is controlled by one human or a democratic process controlled by humans, it is controlled by humans and humans are fallible, therefore bitcoin will fail.

There is no question of this. The only question is, When?