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Bitcoin
Acquired
A Brief History of Bank Notes and Payments Wires
Bank notes basically just say like, i have this much gold, but it's at the bank. And then, and pretty quickly, governments got involve. Theyre like, u well, why don't we just keep the gold at our central bank? Then all these other banks in our jurisdiction, they can put out paper,. But it'll ultimately come back to us. Great. By the way, that also allowed them to then inject money into the system and help finance their own spending as governments. Ah, turned out that was a pretty good idea.
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