[bko]

> Fiat currencies are used in literally every country on the planet and have been through the largest economic booms in history. Limited/hard currencies on the other hand, have a 100% failure rate with one ongoing experiment happening right now in El Salvador. Which would I rather bet on?

Something has existed for tens of thousands of years and in the last 50 years has been supplanted by something else. Which would I bet on surviving 1,000 years from now? Hard currency.

[goesnowhere]

Ill deal with the factually incorrect parts of your statement to start.

1. The earliest known currency was the shekel and it was more of a accounting instrument and it was used ~5000 years ago.

2. Fiat was invented in the 7th century https://en.wikipedia.org/wiki/Fiat_money#China

Regarding your claim that hard money is good.

We are talking about a system that completely floundered under pressure from economic expansion (hard money) vs a system that has been presiding over the largest economic booms in history and is currently adopted by every government in the world (fiat) and your argument is "well look which is older".

[bko]

1. I never claimed hard money was the earliest form of money. Read my original post more carefully. Gold has been used as a currency for at least 3,000 years. Likely earlier.

2. I never claimed fiat was invested 50 years ago. I stated that the global monetary system switched over from predominately hard money with fiat

> We are talking about a system that completely floundered under pressure from economic expansion (hard money) vs a system that has been presiding over the largest economic booms in history and is currently adopted by every government in the world (fiat) and your argument is "well look which is older".

It floundered because it was routinely debased and not adhered to. That was my whole point. I would also say that fiat has failed a lot. You google list of hyperinflation to get a sense of how bad it has been over time. Even today you have people living in countries in which they have to watch their wealth disintegrate every year by double digit amounts

Civilization didn't begin with Bretton Woods...

[0] https://bebusinessed.com/history/the-history-of-gold/