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A comment on Cryptonomicon: Among the Bitcoin maximalists. Parent comment

Re:Cryptonomicon: Among the Bitcoin maximalists by Melio on Friday February 25, 2022 @01:24PM (#30470413)
It's not just 100 years old.

It's over 1000 years old and it evolved from nothing to what we have.

It's very weird that you ignore history like this.

You should read up on Spain, silver, gold, china and tons of other history regarding tender.

What we have with fiat is your very well working monolith fine tuned over centuries while everyone who wants to make money of of you tells you why their Nanoservice with security holes and no features is so much better.

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Re:Cryptonomicon: Among the Bitcoin maximalists by Hendrikto on Friday February 25, 2022 @01:50PM (#30470697)
Gold and silver coins are not fiat though.
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Re:Cryptonomicon: Among the Bitcoin maximalists by majormajor on Friday February 25, 2022 @02:16PM (#30471007)
How much actual gold has to be in your gold coin before it crosses from "gold" to "fiat"? You had "debased" coinage in Roman times, if not earlier.
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Re:Cryptonomicon: Among the Bitcoin maximalists by Hendrikto on Friday February 25, 2022 @08:10PM (#30474397)
Does not matter as long as it‘s a fixed minimum.
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Re:Cryptonomicon: Among the Bitcoin maximalists by quickthrowman on Friday February 25, 2022 @09:01PM (#30474651)
Right, and basing the supply of currency on the amount of two metal elements we can mine out of the ground is insane.
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Re:Cryptonomicon: Among the Bitcoin maximalists by Melio on Saturday February 26, 2022 @06:04AM (#30476663)
It's part of history and not the only part of it.

From Wikipedia: "Government-issued fiat money banknotes were used first during the 11th century in China"

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