News for hackers. Stuff that matters.

A comment on Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High. Parent comment

Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by shabda on Sunday May 12, 2019 @09:22AM (#19891711)
NO currency has survived a millennia.

Almost all currencies backed only by their governments, and not by physical gold, are at most a century old.

[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by pmiller2 on Sunday May 12, 2019 @09:28AM (#19891752)
Not true. The pound sterling has been in continuous use since around 800 CE.
[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by thechao on Sunday May 12, 2019 @09:41AM (#19891834)
That's a ship-of-Theseus fallacy.

The pound sterling of 2019 is more related to the American dollar of 2019 than it is to the pound sterling of even WWII, nonetheless 800CE.

[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by pmiller2 on Sunday May 12, 2019 @01:39PM (#19893271)
Not really. It’s just a matter of changing times and prices. Pounds and pennies have been a thing for 1200 years. What they buy has changed dramatically.
[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by rpz on Sunday May 12, 2019 @10:18AM (#19892043)
And additionally the American dollar is not the same as it was pre bretton woods, or pre federal reserve, etc.
[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by zajd on Sunday May 12, 2019 @10:01AM (#19891943)
The ship of Theseus isn't a fallacy, it's a thought experiment.
[ Parent | on HN ]
Re:Bitcoin's First $1k Weekend Since 2017 Marks Nine-Month High by Rmilb on Sunday May 12, 2019 @10:11AM (#19892006)
And lost 99% of its value!
[ Parent | on HN ]