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<p>[QUOTE=&quot;medoraman, post: 1431963, member: 26302&quot;]First, what math are you even talking about. You say &quot;mathematically&quot; they doom themselves, how?</p><p><br /></p><p>Second, as far as historical fiat systems, where do you get that number? The Byzantine empire had a two tiered system, one gold mainly for external payments and one bronze for internal transactions. The bronze coins circulated at well above bullion value of the coins for nearly 1000 years. Isn&#039;t that a fiat system, 1000 years of bronze coinage circulating at a value well above intrinsic metal value? How much of a premium above melt value is considered fiat, since most coinage systems in history have been higher than melt value of the coins. For most of CHinese history cash coins were much higher worth than the bronze inside them. Isnt that a fiat system?[/QUOTE]</p><p><br /></p>

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