Historie of Money
@kenshishido the Japanese Bitcoin Advocate taught me another lesson in the history of money and bitcoin. He had some 2000year old gold coin from the Rome empire and started talking how money changed overtime. When he asked me if I would rather have the Zimbabwe Goldcoin or the Zimbabwe notes the answer was easy. So he explained how currency changed over time and we finally arrived at the point were bitcoin was born.
Different Coins and Notes
He showed me some old USD notes which had printed the following: "Redeemable in gold on demand at the United States Treasury, or in gold or lawful money at any Federal Reserve Bank" the US Government stopped exchanging these for Gold in the 1930 when they outlawed Gold. Very interesting that the Japanese Bank issued notes with the same promise that they would exchange the notes for gold.
So one thing was clear after his explanation, gold is always valuable because it is rare and it won't change over time. That 2000year old Rome Empires Gold Coin was pretty convincing. The other thing was, Bitcoin is rare too and I rather have bitcoin than FIAT money issued by governments.
Would you chose the Zimbabwe notes or the gold coin ???
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Hmmm interesting!
Most people cant even understand that the 100T bill was legal fiat currency...
I wanted to save currency when I went to Hong Kong. But I ended up spending it at the airport on a sandwich. Could have brought back a few hundred dollar bills in HKD, but now I just have coins. The sandwich was pretty good though.
Interesting and detailed post about the history of money
Thanks fo sharing this
As always something new and useful
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Gold and gold coins have been around for thousands of years. Of course gold coins or my personal favorite. I have a very nice 2 1/2 dollar 1913 Indian gold coin. Of course I would always choose a gold coin over paper currency in my collection but I'm starting to get more and more interested about crypto currency bitcoin and steamit.
nice full article about money many informative
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The gold coin it's better say hey man i have a gold coin people will see you as the boss :)
Gold coin all the way !
btc and steem all the way for me
Well Done
Well yeah same goes for me of course. But if I had to choose between the note and gold coin, it would be the coin :P
Very interesting. Since I have no gold I will have to count on crypto coins.
Diversify. Always keep some of everything.
Of course I would choose the gold coin over the note.
That gold roman coin does speak loudly though. Even 2000 years later gold is still precious and used as a store of value. Even if bitcoin does replace currency I think gold will retain it's place as something precious to own and a store of value.
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I would choose the gold coin all day long.
coins for sure is better you can sell them easier, they last longer and the feeling of coin in hand is much more better:)
Thanks for Share!