Replying to Avatar Bitopia

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.
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Bitopia 1y ago

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.

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