Der Wert von allem

Die Europäische Zentralbank spricht Bitcoin und allen Kryptowährungen ihren Wert ab. Warum aber hat der Euro eigentlich Wert? Eine kurze Geschichte des Geldes

“My very humble assessment is that it is worth nothing. It is based on nothing. There is no underlying asset to act as an anchor of safety.”

Christine Lagarde, Präsidentin der Europäischen Zentralbank

The U.S. would “buy oil from Saudi Arabia and provide the kingdom military aid and equipment. In return, the Saudis would plow billions of their petrodollar revenue back into Treasuries and finance America’s spending.” This was the moment that the U.S. dollar was officially married to oil.

Alex Gladstein: Uncovering the Hidden Costs of the Petrodollar

It had to have certain functional properties, such as the security of being wearable on the person, compactness for hiding or burial, and unforgeable costliness. That costliness must have been verifiable by the recipient of the transfer – using many of the same skills that collectors use to appraise collectibles today.

Nick Szabo: Shelling Out

Willkommen zur 73. Ausgabe von BlingBling!

“Meine bescheidene Einschätzung kommt zu dem Schluss, dass es …