SatoshiFun on Nostr: Bitcoin popularized of the term "fiat" money/currency and opened the Overton window. ...
Bitcoin popularized of the term "fiat" money/currency and opened the Overton window. In retrospect this will be the most significant achievement in its early days, not the price. Nobody would be able to remember exactly what $1000, $10 000 or $100 000 used to mean and when. Just like nobody today knows what $1000 meant in 1930, only vague compassions and useless charts.
Published at
2024-09-12 18:03:50Event JSON
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"content": "Bitcoin popularized of the term \"fiat\" money/currency and opened the Overton window. In retrospect this will be the most significant achievement in its early days, not the price. Nobody would be able to remember exactly what $1000, $10 000 or $100 000 used to mean and when. Just like nobody today knows what $1000 meant in 1930, only vague compassions and useless charts.",
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