What Comes After Paper Money, Part 1: Fiat's Obvious Failure

[Cryptology]

http://www.zerohedge.com/news/2015-02-03/what-comes-after-paper-money-part-1-fiats-obvious-failure

My answer to that would be cryptocurrencies.

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[zimmah]

yes, quite obviously crypto,

that is, if humanity stops sleeping and notices the scam of the bankers.

which should not take long, i mean one crisis after another lately. We haven't even recovered from the one in 2008 and a new one will most likely come by this year.

[Possum577]

Fiat hasn't failed yet.

I don't think "Crypto obviously" is an obvious answer. A more obvious answer is a consolidation of fiat currencies (like the Euro). Or a move to a hard asset commodity.

[stonerider]

Much delusional I sense in this thread.

[twiifm]

Much delusional I sense in this thread.

Only this thread?  Practically the entire forum and most of bitcoin land is delusional

[Wekkel]

Fiat isn't gone for a long time.

[Possum577]

I know people site the fact that every fiat currency in history has failed at one point as a driver for thinking the Dollar will fail, but can the Dollar really fail if the country's economy is still moving and producing?

[johnyj]

The biggest reason that fiat money will fail is because its original ownership is acquired through nothing, no value exchange, no labor, no service, just nothing. Anyone with the ability to exchange nothing for something will eventually get the whole world if he just scale up his operation

[scox]

Much delusional I sense in this thread.

Only this thread?  Practically the entire forum and most of bitcoin land is delusional

dat.

Wake up guys! Forum goes up, 420 will do so too!

[AtheistAKASaneBrain]

Fiat isn't gone for a long time.

Fiat will be around until around 2060 if the cycle repeats itself.

[aantonopoulis]

Fiat will be around until around 2060 if the cycle repeats itself.

It will be around you until you stop using it.  Like any scientific revolution, the previous paradigm only dies as those that champion it pass on.  2030 seems more likely to me.