EU referendum, brexit and the aftermath

Isn't that money rather then fiat currency though, money has been around for bloody ages longer than fiat

To an extent, yes. But when money was made of gold, silver and copper and had an intrinsic value (i.e. the value of the materials it was made from) it wasn't a fiat currency so it sort of made sense. A fiat currency has no intrinsic value, and so the only reason the cash in my wallet or the electronic figures in my bank account have any value is due to the collective self-delusion inherent in a fiat currency. Despite the fact that it is inherently worthless, it still works as a universal medium of exchange.

I took the convince me it works comment as money has become so massively unequally distributed that it's obviously not working for everyone.

Certainly not what I meant it to mean. The point I was making is that a fiat currency works despite the fact that 'money', as a concept, is in fact worthless. If everyone stopped believing that money is valuable, the whole thing would fall apart. It only works because we all agree it works, and because it practice it does work. The distribution of wealth isn't dependent upon whether you have a currency with an inherent value, a currency linked to something with value (such as a gold standard currency), or a fiat currency. That's a function of the prevailing political and economic system. You can have massive disparities in wealth in any economic system, regardless of whether it uses a fiat currency. Feudal medieval states were hardly fair, meritocratic or just but they managed that just fine without a fiat currency.