Hard To Soft Money: The Hyperinflation Of The Roman Empire
Historically, hyperinflation is a positive feedback loop of free money, illusionary wealth and greed.Almost two thousand years before the early 1920s Weimar Germany hyperinflation, there was the great currency debasement of the Roman Empire. Image sourceImage source At the turn of the second century, the Roman Empire controlled all of Western Europe, parts of North Africa and the Middle East. Some estimate up to 65-100 million people lived under Roman rule, with 55–65 million as the most accepted range. — approximately 20% of the world population. Image source Yet, 150 years later the....
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As Venezuela and Iran find themselves caught up in the cryptocurrency revolution, could this have saved the Roman Empire from crumbling into infighting and crippling inflation? Two currency crises two thousand years apart. Modern-day Venezuela and the Roman Empire have more in common than you might think. Both know too well the dangers of soaring inflation and a collapse in investor confidence. But, only one has crypto on its side.Venezuela’s official currency, the bolívar, has suffered from hyperinflation for half a decade due to repeated currency devaluations, minimum wage rises and....
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PRESS RELEASE. Abu Dhabi, UAE – Empire Token’s flagship utility, the Empire NFT Marketplace, is now live on the Ethereum mainnet. The Ethereum Blockchain is a global computing platform and operating system which can be used to create decentralized services and applications. Fortunately, the bright future of this blockchain now has Empire on its side. NFT creators and traders can now use Ethereum coin and Ethereum based tokens to mint and trade NFTs on the Empire NFT Marketplace. Projects that are powered by Ethereum may include anything from smart contracts, voting systems,....
In a recent blog post, Peter Todd, one of the more active bitcoin developers, raised the prospects of an amicable end to the so-called “civil war”. Setting out a condition, Todd states: “If major industry players were willing to commit to layer 2 solutions, I’d be willing to support something like a forced soft fork, and I’d be willing to support a coin voting hard fork even if they didn’t.” A forced-soft-fork is similar to an ordinary soft fork, but unupgraded clients won’t be able to spend their funds until they upgrade. However, in an email response, Todd states:....