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The first use of gold as an exchange was 550 BC. Our fiat money has been around since the 1970s with staggering blowups Come back to me on 2500 years and we'l
by bko 6y ago
The first use of gold as an exchange was 550 BC.
Our fiat money has been around since the 1970s with staggering blowups
Come back to me on 2500 years and we'll see who has the better track record.
- arcticbull 6y agoGenerally speaking we don't need to wait as long as the previous iteration existed to prove the new generation is successful. For instance, I think it's fair to say e-mail is a success, even though the first postal system was established under Cryus the Great in 550 BCE in Persia. The first e-mail was sent in 1971. Are you saying we won't be able to declare victory on e-mail until the year 4492?
- Closi 6y agoYou are right! So I should invest in emails right? I'm sure emails will get more valuable as time goes on.
- arcticbull 6y agoWell I hear "bitcoin is TCP/IP" and for some reason people are trying to buy that lol, so can't lose.
- XorNot 6y agoA useful currency is not one which increases in value.
- bko 6y agoSure. I think people will be sending physical mail to each other longer than using pop3 smtp and imap
- arcticbull 6y agoObviously. However, that doesn't mean email isn't trivially an improvement lol. And it certainly doesn't mean we need to wait two thousand years to make that claim. C'mon now, that's patently ridiculous.