4 ms·
I think Bitcoin resembles the Mississippi company a bit more. https://en.wikipedia.org/wiki/Mississippi_Company https://en.wikipedia.org/wiki/Mississippi_Compan
by fsloth 8y ago
I think Bitcoin resembles the Mississippi company a bit more. https://en.wikipedia.org/wiki/Mississippi_Company https://en.wikipedia.org/wiki/Mississippi_Company
TLDR: Scottish gambler becomes the most influential financial state official in France and uses his power to create an impossible financial scheme, makes everyone crazy for stocks for a colony that is mostly composed of colonists dying of hardship, resulting in an implosion of French Economy. Scottish, oh how they've been around. This is a funny sidenote to one of the founding fathers of US, Alexander Hamilton, who was as well of scottish heritage but created a financial system that did not implode.
- VintageCool 8y agoScotland agreed to merger with England in 1707 after the country was financially ruined by another crazy scheme in the Americas. They had tried to create a colony in Panama, in an area which is "virtually uninhabited" today.