German Papiermark 1924.
Inflationary currency used to finance deficit spending - ended up worthless.
Flix
flix@primal.net
npub1vxz5...78px
Bitcoin, Nostr, history, sci-fi, FOSS, P2P...
French Assignat 1792.
Inflationary currency used to finance war - ended up worthless.
Gold Dollar 1849.
Gold. Held value for 180+ years.
Confederate Dollar 1861.
Inflationary currency used to finance war - ended up worthless.
Greenback Dollar 1862.
Inflationary currency used to finance war - ended up worthless.
Continental Dollar 1775.
Inflationary currency used to finance war - ended up worthless.
The plummeting value of the US fiat dollar.
#money #history
#history #hispano
Esto va a ir en la pared de un colegio.
@ainostr how many experiments with fiat money have there been in the last 1000 years? How long did they last on average?
⚡️ > 🔁 > ❤️
Zaps provide the strongest signal.
My favourite Nostr feed is "most zapped last 24hrs, ordered by sats zapped".
Always the best notes.
Entre el apagón y los trenes, me acuerdo cada vez más de esto...
Here's a cleaner (incomplete) #timeline of the #history of #money
Very summarised, so much could be written about each period... but to keep it simple and visual.
Elon forgot about the iron law of oligarchy
If you care about principles other than gaining power and keeping power, you will lose power to those who have no such scruples.
Iron law of oligarchy - Wikipedia
Easy trap to fall for. We have all been the midwit...
Elon's awakening.
You are almost there Elon!
Just a few more steps...
This is awesome !
@Pedro 🧨
#history #money #timeline
Money: A Timeline
Compilation of relevant events in the history of humanity
Here's another weak attempt to put it all together...
#history #money #timeline
#timeline #history
How The IMF Prevents Global Bitcoin Adoption (And Why They Do It)
@Bitcoin Magazine
Bitcoin Magazine
How The IMF Prevents Global Bitcoin Adoption (And Why They Do It)
IMF loans halt nation-state Bitcoin plans—only debt-free countries like Bhutan push forward. Grassroots use still thrives.