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    mk (mk@mastodon.satoshishop.de)'s status on Monday, 12-Aug-2024 20:45:38 JSTmkmk
    in reply to
    • pyrate
    • Dagnar
    • Witch Hunter Siegfired

    @pyrate @Dagnar @Witch_Hunter_Siegfired

    "There will be no crash, the federal reserve will simply print more money and inflation will only continue to spiral."

    The oldest fiat-money currently is the “pound sterling” and it has lost 99.75% of its value compared to gold over the last 100 years.
    https://mastodon.satoshishop.de/@mk/112898481092097839

    sooner or later fiat-money always goes to zero.

    In conversationabout 3 months ago from mastodon.satoshishop.depermalink

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    1. Domain not in remote thumbnail source whitelist: mastodon.satoshishop.de
      mk (@mk@mastodon.satoshishop.de)
      from mk
      Attached: 1 image @cjd@pkteerium.xyz it'll be funny to see how the usa tries to save their $usd shitcoin. every fiat-shitcoin eventually goes to zero. the UK pound sterling is currently the oldest fiat-money. "Since the suspension of the gold standard in 1931, sterling has been a fiat currency" https://en.wikipedia.org/wiki/Pound_sterling year - £ price for 1 ounce of gold 1924 - £4.68 2024 - £1903 in the past 100 years the pound sterling lost 99,75% of it's value against gold. https://www.chards.co.uk/gold-price/gold-price-history

    2. https://mastodon.satoshishop.de/system/media_attachments/files/112/948/879/907/222/178/original/81927a9689d9728b.png
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