Post
Topic
Board Bitcoin Discussion
Re: Why Do People Believe Bitcoin Will Replace Fiat?
by
murraypaul
on 27/08/2014, 10:34:48 UTC
It's really just a simple waiting game. There is a strong need for a world reserve currency (currently filled by USD, and somewhat my EUR). Fiat currencies have a 100% failure rate

No they don't.
There are many many fiat currencies currently in existence, and those haven't failed.
Your statement boils down to "Fiat currencies that have failed have a 100% failure rate", which is content-free.
On the same basis:
"Democracies have a 100% failure rate"
"Countries beginning with M have a 100% failure rate"