5 ms·
Eventually is a long time :-) Which is why this is true. But I doubt there aren't any currencies around from 1000 AD that haven't suffered that fate.
by stretchwithme 5y ago
Eventually is a long time :-)
Which is why this is true.
But I doubt there aren't any currencies around from 1000 AD that haven't suffered that fate.
- bradwood 5y agoIt's not true because of "eventually" it's true because of "fiat". When an entity (e.g, the government) decrees (which, remember, is what the word "fiat" means) that some piece of paper or entry in a database is "money" is when the trouble starts. I prefer my money to be a medium of exchange and account as well as a store of value that I can trust which, by implication, means it cannot be decreed to be so by some "authority".
- bradwood 5y agoThey will all go, eventually, but how long for the current batch (USD, EUR, GBP, etc)? A decade? 2? a century?