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Comment by jaxn | Hacker News Reader

This is where the bitcoin boosters start to seem a little looney to me. 99% of my experience with currency has been with USD, which have been relatively stable from month to month.

It is a difficult situation because it appears that when people take the time to learn about it, they become big fans of bitcoin but also start worrying about the total collapse of the fed and the USD. I am trying to understand the argument, but I remain skeptical.

It is very interesting to watch and play with though.

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People who take the time to learn about "alternative medicine" usually end up (or start off) sceptical about evidence-based medicine...

And your claim, of course, is not based on any evidence.

If you actually think there is any possibility that my unsupported assertion that people committed to therapies like homeopathy or reiki are generally a bit less enthused with medical testing and conventional medicine than the general population is incorrect, please feel free to make that argument...

I can say, with 100% that the USD, and the fed will collapse.

Nothing lasts forever - and if anyone argues otherwise, I've got some Roman Denarius to sell them (At twice the price of their gold content).

Whether or not this happens in my lifetime, and whether BTC is worth speculating on is another question altogether.

I will happily buy all of them at those terms.

(Denarii was a silver currency.)

Just because every other currency has been devalued doesn't mean that the USD will. The argument typically goes that the USD must collapse because it isn't backed by anything meaningful. Except that the USD is backed by the largest and most powerful stockpile of weapons ever amassed in the history of the world.

On a more serious note, the silver denarius actually holds up pretty well today. It has about $2-5 worth of silver in it, and originally had a nominal value of $20-50 (depending on how you calculate it, not debasement). If you're collecting them today, you can get some of the cheaper coins for $20 or so.

I'm no historian, but I'd wager the denarius never collapsed the way - say - the Confederate dollar did. It probably just became rarer and rarer in circulation as old coins were melted down to mint new ones, and then one day it was worth more as a store of historicity than value

Yep, this time is different [1].

In all seriousness, if you really believe this, I suggest you pick up a copy of that book. History doesn't repeat itself, but it does rhyme, and you'd be surprised just how similar this time is.

[1] http://www.amazon.com/This-Time-Different-Centuries-Financia...

I do not think usd will collapse but it is loosing it value every day. Year on year the Money supply is increasing and that the value of usd is decreasing. The increase in Money the last 12 months is around 8%

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