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Bitcoin.com 2020-07-11 22:10:01

Christophe Cieters: Monopoly Money

As money developed and people opted to place it in secured storage, banks started issuing banknotes which represented a client’s deposit at the bank and the promise to redeem each note for the amount of gold it represented at a 100% reserve rate. Market exchange rates of the coins were defined by their metal content. […]The post Christophe Cieters: Monopoly Money appeared first on Bitcoin News.

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