Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High
by marcosdumay on Sunday May 12, 2019 @03:57PM
(#19894152)
Nearly all the times when a fiat currency "dies", it does so by people simply converting all their money into its replacement. More often than not, there's even a nominal equivalence between the old and new currencies. Describing this process as "death" is just sensationalist.
The cases where a fiat currency disappeared and left its holders without nothing are so rare that they make it into high-school history books.
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High
by faissaloo on Sunday May 12, 2019 @12:24PM
(#19892822)
That's surprising and quite alarming, I would've expected it to be at least a century
"The average life expectancy for a fiat currency is 27 years, with the shortest life span being one month." [0]
[0] http://www.resourceinvestor.com/2011/01/23/time-different-do...