The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It’s now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin?

The British pound is the oldest fiat currency in existence at 317 years. The pound was originally defined as 12 oz. of silver. It's now worth less than 0.5% of its original value. In other words, the most successful long standing currency in existence has lost 99.5% of its value. Got bitcoin? submitted by /u/Crevative
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Bitcoin – The Currency of the Internet

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year.

There are 152 fiat currencies that have failed due to Hyperinflation. Their average lifespan was 24.6 years and the median lifespan is 7 years. 82 of these currencies lasted less than a decade and 15 of them lasted less than 1 year. <- this is why bitcoin was created! submitted by /u/Crevative
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Bitcoin – The Currency of the Internet

If fiat is a scam why do you guys even care what the BTC fiat price is?

Seems like 99,9% of posts are fiat price related…..where are all the 1BTC=1BTC evangalists? Fiat is BS but our end goal is to sell all BTC for fiat profit in the future

The whole BTC community is a joke just another get rich attempt… the end goal is cashing out to the almighty dollar

submitted by /u/wesred
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Bitcoin – The Currency of the Internet