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0 sats \ 1 reply \ @krispy_donkey 4 Jun \ on: Gold confiscation in Shanghai, 1948 history
interesting! Somewhat related, I heard recently, from a unreliable source, that way back in the day the introduction of the gold standard, whatever form that took, pissed off everyone who was using a silver standard. Do you know if this has any truth to it?
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100 sats \ 0 replies \ @Signal312 OP 4 Jun
I think the gold standard was just a society-wide consensus that evolved.
Based on The Bitcoin Standard by Saifedean Ammous, the countries that were mostly on a silver standard instead of gold suffered greatly, in the sense that their wealth was purchased cheap, by foreigners with the "harder" money - gold.
The history of money section in The Bitcoin Standard was a revelation to me. I love history and read a lot, and had never encountered that angle. And it made so much sense.
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