CarlBMenger on Nostr: If you look at history, money was always scarce: Sea Shells (Cowry), Rocks (Ray), ...
If you look at history, money was always scarce: Sea Shells (Cowry), Rocks (Ray), #Gold, Cigarettes (Prison).
Every time they lost their scarcity or their superiority, they also lost their quality as money.
#Bitcoin isn’t the crazy experiment here, fiat money is.
Published at
2024-05-07 07:17:45Event JSON
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"content": "If you look at history, money was always scarce: Sea Shells (Cowry), Rocks (Ray), #Gold, Cigarettes (Prison). \n\nEvery time they lost their scarcity or their superiority, they also lost their quality as money.\n\n#Bitcoin isn’t the crazy experiment here, fiat money is.",
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