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posted 1 year ago by Joe_Shmo 1 year ago by Joe_Shmo +22 / -0

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– RaisingPhoenix 2 points 1 year ago +2 / -0

Wasn't the first national currency backed by nothing and then rapidly switched over because it was worth nothing?

I seem to remember something vaguely to that effect regarding financing for the revolutionary war

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– SophiesBoyfriend 1 point 1 year ago +1 / -0

If people have a choice - they will always save in the hardest most stable currency.

So CBDC and fiat rely on removing alternatives

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