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Well firstly global in this context just means that most financial authorities held the currency as a reserve, which for a lot of history I believe mostly only
by toolz 3y ago
Well firstly global in this context just means that most financial authorities held the currency as a reserve, which for a lot of history I believe mostly only european countries had centralized financial authorities. So we're talking about european reserves for much of history. With that said:
florentine florin
venetian ducat
portugese real
spanish real
dutch guilder
french livre
british sterling
USD
to name 8
everyone is capable of deciding if changing reserve currencies every ~100 years is "littered" or not, but it easily passes as being commonplace in my opinion when you're talking about a millennia of history.
- deleted 3y ago[deleted]
- smcl 3y agoOh nice work! And the failed ones were all global reserve currencies as we would recognise them today ... right?
- toolz 3y agoHappy to give a response if you'd like to argue your point, but otherwise this just seems like a snarky comment for sake of being snarky on the internet.
- smcl 3y agoMy point is really well established. Many real currencies, some failed. Many cryptocurrencies, most failed. The "snark" appears to be required to actually drive the point home. I don't care if you want to argue your point.