The developed countries of the world were backing their currency by gold AND minting coinage with gold and silver in the beginning of the 20th century.
The middle part of that century saw a transition away from that towards fiat.
The last third of that century saw the full move to the fiat system.
What’s the confusion here?
CitizenPleb
npub1hk…3ppcr
2025-05-07 11:57:31
in reply to nevent1q…nmvy
Author Public Key
npub1hk9w6k87u3lxg5swcfgtwrhaye95j67rlrp9v0pxczuy8jcumdfsa3ppcrPublished at
2025-05-07 11:57:31Event JSON
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"content": "The developed countries of the world were backing their currency by gold AND minting coinage with gold and silver in the beginning of the 20th century.\n\nThe middle part of that century saw a transition away from that towards fiat. \n\nThe last third of that century saw the full move to the fiat system.\n\nWhat’s the confusion here?",
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