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Etherium logo finally makes sense
(lemmy.ml)
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this post was submitted on 11 Mar 2025
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With the current administration, I'd argue we are definitely in "faith based" money right now.
It was originally based on a gold reserve and then taken off to become a fiat currency. Trump is talking about potentially not paying back debts owned to other governments. Definitely sounds faith based to me, there's nothing hard backing it.
It's funny because USA has gone bankrupt several times and most people don't even know or acknowledge it.
Now they just print paper money and violently force people to use it for stolen oil.