{"id":12916,"date":"2020-03-31T12:51:15","date_gmt":"2020-03-31T16:51:15","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12916"},"modified":"2020-03-31T14:03:13","modified_gmt":"2020-03-31T18:03:13","slug":"your-currency-has-been-cheating-on-you-for-a-long-long-time","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/your-currency-has-been-cheating-on-you-for-a-long-long-time\/","title":{"rendered":"Your Currency Has Been Cheating On You for a Long, Long Time"},"content":{"rendered":"<div>\n<div dir=\"ltr\">By Larry Chiang<\/div>\n<div dir=\"ltr\">Currency has a sneeeeeaky way of cheating on you. Paper money will start by telling you&nbsp;<\/div>\n<div dir=\"ltr\">\u00e2\u20ac\u0153Barter sucks.\u00e2\u20ac\u009d<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image1-7.jpeg\" alt=\"image1.jpeg\" id=\"59D66EFF-8784-44CC-BE4B-AC89AE979117\"><\/div>\n<div dir=\"ltr\">Money works great. It swaps my specialized knowledge about credit scoring for banks and PE funds for juicy ribeye<\/div>\n<div dir=\"ltr\">Currency<\/div>\n<div dir=\"ltr\">Currency is a format of money&nbsp;<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image2.png\" alt=\"image2.png\" id=\"294EBDCA-C7D1-4FE3-A5F0-8FB665EC10E2\"><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1240458410790969350\/Le7hkdJt_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">Larry Chiang @duck9 (<a href=\"https:\/\/twitter.com\/larrychiang?s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/1245019137438515200?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">3\/31\/20, 11:04 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Store of Value&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23SoV&#038;src=hash\">#SoV<\/a><br \/>\n<a href=\"https:\/\/twitter.com\/search?q=%23MoE&#038;src=hash\">#MoE<\/a>&nbsp;Method Of Exchange<\/p>\n<p>Unit of Account&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23UoA&#038;src=hash\">#UoA<\/a>&nbsp;at Geldmuseum der Deutschen.&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23ch2&#038;src=hash\">#ch2<\/a>&nbsp;[German Museum Of Money)&nbsp;<a href=\"https:\/\/t.co\/A4z6RpXM9j\">pic.twitter.com\/A4z6RpXM9j<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image3.png\" alt=\"image3.png\" id=\"8E903F3F-1B13-44AF-B94B-397C520AEE57\"><\/span><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nIn the museum of currency, old paper just became worthless&nbsp;<\/span><\/p>\n<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1240458410790969350\/Le7hkdJt_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/td>\n<td><b>Larry Chiang @duck9 (<a href=\"https:\/\/twitter.com\/larrychiang?s=11\">@LarryChiang<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/larrychiang\/status\/1245017053087567872?s=11\">3\/31\/20, 10:56 AM<\/a><\/div>\n<div>Germany has a museum of money. It allegedly has a lot of currency but no security because the fiat is now worthless.<\/p>\n<div>\n<p><a href=\"https:\/\/twitter.com\/search?q=%23ch2&#038;src=hash\">#ch2<\/a> <a href=\"https:\/\/twitter.com\/search?q=%23SoV&#038;src=hash\">#SoV<\/a> <a href=\"https:\/\/twitter.com\/search?q=%23UoA&#038;src=hash\">#UoA<\/a> <a href=\"https:\/\/t.co\/vu6L0Wad7q\"><span>pic.twitter.com\/vu6L0Wad7q<\/span><\/a><\/p>\n<\/div>\n<\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Germany has a museum of money<\/span><\/div>\n<div><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image4.png\" alt=\"image4.png\" id=\"2602DB8C-371D-4E86-8F30-C65C082E0800\"><\/div>\n<div><span style=\"-webkit-tap-highlight-color: rgba(0, 0, 0, 0)\"><br \/>\n<\/span><\/div>\n<div><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/twitter.com\/search?q=%23MoE&#038;src=hash\">#MoE<\/a>&nbsp;Method Of Exchange&nbsp;at Geldmuseum der Deutschen.<\/span><\/font><span style=\"-webkit-tap-highlight-color: rgba(0, 0, 0, 0)\"><br \/>\n<\/span><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image5.png\" alt=\"image5.png\" id=\"F6DF9772-691A-47D8-A36D-91C4F09F83FB\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<div>\n<div dir=\"ltr\"><font color=\"#000000\"><span style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\">Unit of Account&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23UoA&#038;src=hash\">#UoA<\/a>&nbsp;at Geldmuseum der Deutschen.<\/span><\/font><\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image6.png\" alt=\"image6.png\" id=\"8B7528BE-B4AB-449C-8B70-A6F9767ED58F\"><\/div>\n<div dir=\"ltr\">Eventually the bank notes get to be a billion and a trillion&nbsp;<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image7.jpeg\" alt=\"image7.jpeg\" id=\"4634DA40-3B15-4446-9354-EA6614517167\"><\/div>\n<div dir=\"ltr\">Every time a fiat currency has been attempted on Earth, it\u00e2\u20ac\u2122s gone to zero over 63,000 times.&nbsp;<\/div>\n<div dir=\"ltr\"><img decoding=\"async\" src=\"https:\/\/www.duck9.com\/wp-content\/uploads\/2020\/03\/image8.jpeg\" alt=\"image8.jpeg\" id=\"10B6D8EA-0BC4-41F2-BDAC-8F2DC89F8F9C\"><\/div>\n<div dir=\"ltr\">Seems like politicians like to print extra money for complicated reasons. Money is an emotional topic. So is prepping your fico score. Why is raising your fico score so emotional?&nbsp;<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang Currency has a sneeeeeaky way of cheating on you. Paper money will start by telling you&nbsp; \u00e2\u20ac\u0153Barter sucks.\u00e2\u20ac\u009d Money works great. It swaps my specialized knowledge about credit scoring for banks and PE funds for juicy ribeye Currency Currency is a format of money&nbsp; Larry Chiang @duck9 (@LarryChiang) 3\/31\/20, 11:04 AM Store [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-12916","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12916","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12916"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12916\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12916"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12916"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12916"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}