🎊 🎁 50 Years anniversary of FIAT 🎂 🎉

Date of minting on Opensea: 15.08.2021

15.08.1971 - 😭💀RIP Gold 🥇 Standard ☠️😢

By 1966 foreign nations 🌍had had enough 🤬 😤 of the US 🇺🇸 🤪 collecting gold and printing cash🤑 💵 💸 💰

And they had more value in Dollars than the US had gold in its vaults. Other countries, beginning with French President Charles De Gaulle, demanded gold in return for their dirty fiat Papier Dollars. Arguments about the value of the Dollar versus their currency ensued.

In 1971 US President Nixon settled the matter!! He severed ✂️United States currency 💸 💵 from the gold standard 🥇:

"I have directed secretary Connally to suspend temporarily the convertibility of the Dollar into gold or other reserve assets, except in amounts and conditions determined to be in the interest of monetary stability and in the best interest of the United States." Never again could anyone legally demand US government gold in exchange for paper Dollars.

For better or worse 🎭, the Dollar was now backed SOLELY by the Full Faith, Credit and Military Power of the United States government. The wealthiest nation the world had ever known, would bet its future on a single word: " TRUST "

🤑 💸 50 years 🥳 of non-stop money printing - 50 years 🥳 of free money - 50 years 🥳 of free credit 💸🤑

People have this mythology of money that is based on very little facts.

One of the nice things about Bitcoin, is that it forces people to start to ask questions 🤨 🤔 🧐 about the fundamentals of money!!!

Bitcoin is an attempt to adopt the advanced computerised system that we have, The Internet, to resurrecting what money used to be all about!!