₵Ø1n, Ch. 2: The Next Money

1914 - 2022 and beyond, Earth

Over time, all systems of the world become empires, and all empires are about money. Gold gave way to dollars.

Some say it began when kingdoms gave way to republics.

A long global war separated by a temporary peace. Allies vs. Axis, East vs. West. Past vs. future.

The largest victors became co-rulers and rivals for the world.
The U.S. and U.S.S.R., republics in name, empires in reality.

The US Dollar was set loose outside to rebuild the world.
Everyone used dollars after 1945, even the communists.

The Soviet Union wanted a better interest rate on their dollars. Italian bankers obliged. Even as Soviet tanks rolled into Hungary in 1956, Soviet held dollars were transferred to British banks for safe-keeping. Cold War or not, everybody used dollars.

In 1957, dollar in a European bank account were christened "Eurodollars" (these expatriate dollars are in fact global). As of the 21st century, the (estimated) market is tens of trillions.

Everyone complains about all the dollars "printed" but the demand for them is insatiable everywhere. In trillions of loans.

That's the worry, someone's dollar-based loan is another's asset.
What if there was money, like gold, that moved as fast as USD?

What if there was money, that was not controlled by empires?

ENTER 2009. 100 years after gold exited the financial stage, the something new grew, on the back of a massive network.

An Internet of Money, an empire of the future. The next money.

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