Post
Topic
Board Speculation
Re: Dirty Fiat Money
by
BluesBrother
on 16/04/2013, 02:32:48 UTC
Fiat may seem stable to you now, as does any snowpack until the avalanche happens, the numbers don't lie:

http://www.usdebtclock.org/

The cold hard truth is that ALL fiat money experiments have ALL failed throughout history.

http://upload.wikimedia.org/wikipedia/commons/thumb/0/0e/Inflaci%C3%B3_utan_1946.jpg/220px-Inflaci%C3%B3_utan_1946.jpg




No they haven't. All non-fiat experiments have "failed" as they are not applied anymore.
Almost no fiat-experiments have failed unless those economies also failed. In fact I'll go out on a limp and say that fiat currency (which frankly includes bitcoins, even if its "deflationary" or "non-inflationary" is dominating the currency use by 99.8%).