The 2009 United Future World Currency coin might just be the first world shitcoin. It checks a lot of the boxes: · Top-down design instead of grassroots adoption · No real use case, just a publicity prop · Issued by a committee & tied to political agendas · Hyped as “the future” but never launched in any practical form · The difference is it didn’t even get far enough to rug-pull anyone, it went straight from announcement to the junk drawer without ever circulating. A pre-ICO without the ICO. Backstory - on July 10 2009, Russian President Dmitry Medvedev brought the shiny new “united future world currency” coin to the G8 summit in L’Aquila, Italy. - It was minted in Belgium, and carried the words “unity in diversity”. - Was handed out to G8 leaders. - Part of the United Future World Currency project, an Italian-led push for a supranational reserve currency to replace the US dollar. - China & some emerging economies supported the idea, but the US, Japan & most of Europe didn't. In other news, Bitcoin’s Genesis Block had been mined just 6 months earlier…offering a decentralised version of the very thing the G8 was talking about. #bitcoin #btc #shitcoin #fiatfails #soundmoney #junkdrawermoney #g8clowns #fixthemoney