In the 1780s 🇫🇷 France's & 🇬🇧 Britain's national debt was about the same.
But 🇫🇷 France's interest payments were nearly double. This led to increased taxes which created the public resistance eventually culminating into the storming of the Bastille in 1789.
#Bitcoin could have saved the 👑 king's head.
As a last and desperate measure the 👑 king's government exponentially inflated the money supply in 1789 and 1790.
Instead of saving the situation, this only made it far worse.
In 1793 the 👑 king (Louis XVI) paid the ultimatre price when he was executed by guillotine.
nostr:note1z60ghw3ufhprml8wnv2sqtdq9c2jsry2kvkaz7n23z3a5aparv9qs3xdaj
