BIS data show that the median lifespan of fiat currencies is 33 years. Crypto Briefing reports that Bitcoin supporters cite this figure in discussions about the fragility of fiat currencies.
The same report also notes that the BIS's position emphasizes Bitcoin's limitations as a currency. In other words, the same set of data is being used to support two opposing arguments.
· 33 years is the median lifespan, not a prediction of the actual lifespan of any particular fiat currency.
· “Fiat currencies are fragile” and “Bitcoin has limitations” are both positions reported in the debate, not conclusions drawn by the data itself.
Do you think lifespan data like this should be assessed by looking at the median or at individual cases?
The same report also notes that the BIS's position emphasizes Bitcoin's limitations as a currency. In other words, the same set of data is being used to support two opposing arguments.
· 33 years is the median lifespan, not a prediction of the actual lifespan of any particular fiat currency.
· “Fiat currencies are fragile” and “Bitcoin has limitations” are both positions reported in the debate, not conclusions drawn by the data itself.
Do you think lifespan data like this should be assessed by looking at the median or at individual cases?
