this post was submitted on 15 May 2025
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[–] Zenoctate@lemmy.world 8 points 1 month ago (28 children)

I can't believe that Dollar (or any other currency) isn't backed by anything and runs on hopes and believes

[–] Kolanaki@pawb.social 8 points 1 month ago (5 children)

It used to be backed by gold until 1971.

[–] DahGangalang@infosec.pub 7 points 1 month ago (2 children)

And what was the gold backed by?

[–] untakenusername@sh.itjust.works 4 points 1 month ago

being deflationary I think

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