Children play with money

Children play with money in the period of hyperinflation. Germany, 1922
Like many other participants in the war, Germany canceled the exchange of paper banknotes for gold and sharply increased the money supply (5 times during the war). Naturally, inflation began.
By the middle of 1922, prices had increased 40 times, and a year later – by 90 (compared to 1919). But it was just the beginning. The government continued to issue money and inflation accelerated sharply. From July to November, the money supply increased 132,000 times, and prices increased 854,000 times. By the end of November 1923, one trillion marks were given for one dollar, a loaf of bread was worth 430 billion marks. The government printed money, issued more and more denominations, but prices grew faster. The middle class was impoverished, speculators grew richer, and the calculations took place in dollars (the value of the dollars in circulation in Germany was more than the total value of the stamps issued).


Children play with money

Children play with money in the period of hyperinflation. Germany, 1922 Like many other participants in the war, Germany canceled the exchange of paper banknotes for gold and sharply increased the money supply (5 times during the war). Naturally, inflation began. By the middle of 1922, prices had increased 40 times, and a year later […]


Texas cannot use a digital currency

On the official website of the Texas legislature, it says that on March 8, a bill was submitted that obliges citizens to identify themselves when using digital currencies. In the text of the bill there are definitions of “digital currencies”, “digital wallets”, “distributed registries”, and also “VIDC” – “digital currencies that allow you to find […]


Exodus

Setting up Zion will take a few minutes. The wallet will require you to create a six-digit PIN code and write down a mnemonic phrase (syd) of 12 words – in a word, nothing unusual for those who are already familiar with cryptocurrency wallets. The good news is that Exodus 1 comes with Opera’s pre-installed […]


The Congregation of Worlds

On the other hand, things familiar to smartphones are faced with fanatical data privacy, and this makes Exodus 1 a rather controversial device. When you first start Exodus 1, it offers several applications that you may want to download, including several that you should disable. The latter include Hulu and Candy Crush Kingdom, as well […]


Facebook cryptocurrency will hardly hit bitcoin

After Mark Zuckerberg presented his vision of Facebook as a trusted digital brand of secure and private messages and payments, Billy Bambrow wrote in Forbes: “Mark Zuckerberg announced the creation of the Facebook payment system, which will deal a bitter blow to Bitcoin. Apparently, Bitcoin, which has recently attracted the attention of the world’s largest […]


Three main elements

The co-founder of Mreek and one of the brightest supporters of Bitcoin, Anthony Pompiano, identified three main elements of the cryptosphere. In his opinion, the global blockchain industry is forming on these three pillars. We are talking about digital assets, digital contracts and digital accounting. All three basic elements of the cryptosphere were formed as […]