Hacker News new | ask | show | jobs
by dools 789 days ago
Someone is going to get left holding the bag.

The reason I said 100 years is because the US went off the gold standard in 1933 (although it had a weird modified version until the 70s).

There are individual stocks that have been around for over 100 years. The Dow Jones has been around since 1884. Stock exchanges have been around since the 1500s.

Indexes that apply to the averages of top, say, 200 stocks in a given country's econonmy will definitely be there in 100 years, absent a collapse so monumental that money itself has no meaning.

Bitcoin is a freakish sideshow by comparison. Might as well buy baseball cards.