After the American Revolution, how did they create a new currency?

Pretty sure you single handedly ruined Bitcoin with that comment. We didn’t go to a single currency until 1913 and banks still had their own as late as the 20’s.

I see no parallels to the American Revolution. The fact that like 30% think J6 was a resurrection, you establish your population as pussies. If bitcoin ever actually challenged the dollar, you’d see real quick how the government would shut it down.

Everyone is celebrating the recent run up, but the funny part is all these buyers coming in now have registered shares. lol

How often is bitcoin used in actual commerce transactions? when was the last time you bought something with bitcoin?

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How often is bitcoin used in actual commerce transactions? when was the last time you bought something with bitcoin?

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Believers don't want to buy with it because it can be worth more by the end of the day than it was when you originally paid for something with it. Detractors don't want something that has gone from $60k to $15k within the past 4 years.

I can't speak for the parallels between 1776 and 2024, because they're not exactly the same scenarios. However, I can tell you that after the Revolution the American people had such little faith in the national currency that many states issued their own money. As you can imagine that led to a lot of problems with exchange of goods.

Many people on the frontier had no access to paper money and lived in a bartering society, so when states like Massachusetts came looking for paper money for taxes it led to events like Shays Rebellion.

Also the same thing basically happened a few years later in western PA with the Whiskey Rebellion. There are a lot of neat stories about money in early America. The British even flooded the country with counterfeit money to drive down the faith in paper bills.

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I find it interesting how many people actually think this is possible when it's not.

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Let's fast forward 10 years and Tigerpawl goes in to buy another Ferrari with his BTC at $1,000,000 per, but the government decides that's illegal and won't let the dealership accept the transaction on penalty of imprisonment because they are enforcing their CBDC as the new currency, what do you think the Ferrari dealer is going to do? Now that your transactions are on exchanges they can see exactly who you are...

How many illegal transactions would you do each year? I find it fascinating that people don't see that regulating this has devalued the asset. "Shut it down" may have been the wrong phrasing, "crash the value" is what I should've said.

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other news, Bitcoin should hit a new high by EOD. Currently $67,000. Are there any parallels between 1776 and 2024?

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What’s causing the run up?

And how do you know if it’s fairly valued ?

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tigerpawl

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Clean politard conspiracy theory guy, which obviously is a large % of crypto investors.

That being said Bitcoin with it's insane 7 transactions a second never going to challenge anything as a currency.

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A barrel of oil has real value and usage. Its cost is known from production through ultimate delivery.

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Then what’s the fair value of a barrel of oil?