Quote:
Originally Posted by OMG!WTF!
That's a really strange comparison. Zimbabwe's currency didn't lose 50% of its value. It's supply grew by billions of percent compared to other currency because they printed so much of it....kind of the opposite problem crypto's face and an argument for crypto's in general. I don't really get what you're saying about silver. I guess if you're saying it can lose 50% of its value and still have value then I guess you have a point.
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I think by 'sterling' he means GBP. Of course, GBP is also a fiat currency so it declining in value is just the natural progression towards it being useless, and completely replaced by NovoCoins or ZeuDollars. And the looming Brexit doesn't help.
Interestingly, although a bit off topic, even though Canada has no looming brexit our currency has done as poorly as GBP. We just self imposed one on our self with our handling of the economy.