There exists a misleading narrative of the proponents of nation state fiat currencies. They claim that currencies only are possible when government force citizens to pay taxes in government money. That is not true. Governments just hijacked free market currencies as explained in this video.
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Eeeh, what?! Do you have an FT link for me and I'll check
Here you go, but FT is behind paywall:
https://www.ft.com/content/2b030926-2012-4446-b22d-e549e10e7086
I posted about that article on SN, it doesn't say Bitcoin has 900% inflation
No-login link: https://x.com/HubertusVIE/status/2021324491368907206?s=20
https://twiiit.com/HubertusVIE/status/2021324491368907206