<iframe src="//www.googletagmanager.com/ns.html?id=GTM-K3L4M3" height="0" width="0" style="display:none;visibility:hidden">

Flat White

Henry Ford and the genius of bitcoin

14 April 2024

3:00 AM

14 April 2024

3:00 AM

In 1729, the French philosopher Voltaire wrote: ‘All paper money returns to its intrinsic value: zero.’

Since then, over 500 fiat currencies have become worthless. The only surviving currency from that time is the British Pound which originally got its name because it was worth a pound of silver.

Today a pound of silver is worth 214 British Pounds.

Already a subscriber? Log in

Get 3 months of digital access, absolutely free

Subscribe to The Spectator Australia today to get the next 3 months of unlimited website and app access for free.

  • Full access to spectator.com.au and spectator.co.uk
  • The Spectator Australia app, on Apple and Android
  • Podcasts and newsletters, including Morning Double Shot
  • Our archive, going back to 1828
Or

Unlock this article

REGISTER


Comments

Get 3 months of digital access, absolutely free

Join the conversation with other Spectator Australia readers. Subscribe to leave a comment.

Already a subscriber? Log in

Close