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bitcoin backed currencies and the big crunch

Bitcoin Reddit

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Doing a bit of a wiki read, seems from 12th century China up to recently in 1970's America when the gold standard was removed we as humans have tried both paper money backed by gold with success and fiat money backed by nothing fails after 100 years due to inflation. So with that history lesson we have about 60 years before the global currency is back to being backed by something again. It could be bitcoin it could be gold. Either way there is definitely a monumental change coming and BTC accumulators are WAY early to this.

Nothing else to mention, just thought it was interesting that as always if you look far enough back and not the last 100years but the last thousand years you find that we have already been around this merry-go-round before.

submitted by /u/edislucky
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