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Originally Posted by Irace86.2.0
I don't really understand what you mean by failed currencies. Currency older than 1913 is still legal tender, and in fact, the coins I have in my collection are worth more than their face value in trade. Currency failed or evolved? This needs more explanation because the way you said failed currency seems like I could use it in the same sentence like this: every generation of every model car that was ever created has failed.
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Hey sorry I got busy and forgot to come back. Where the car analogy is wrong is that we have things that DO hold value over time. It's just not currency issued by an authority controlled by people. The only value of your coin is the collectors value. The value of the metal is less than the value of the coin, and you can no longer use that coin as "currency" because it is a defunct government.
Bitcoin is more like gold in that it keeps it's value against USD inflation like gold. The theory is still being played out, and proven imo, in real time.
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