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> Could Bitcoin have greater staying power than most nations and currencies in history? "The average life expectancy for a fiat currency is 27 years, with the

• faissaloo 7y ago
  That's surprising and quite alarming, I would've expected it to be at least a century
  • ric2b 7y ago
    There aren't many (any?) century old fiat currencies so no way that would be the average.
    • faissaloo 7y ago
      Clearly that's the case, but I didn't expect it to be.
• marcosdumay 7y ago
  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.