34 years ago, my parents had their wedding – exactly 1 month before the communist regime collapsed.

They raised enough money to buy a new car, so they deposited the cash in the state’s account. At the time, you had to wait 2-3 years until your Dacia 1310 (your only option during the communist years) got delivered.

But the car never came. They requested a refund and, with some difficulty, got their money back 4 years later.

Due to inflation, the same amount of cash that would have bought a brand new Dacia 1310 in 1989 ended up only buying a couch for the bedroom in 1993.

I often think about this story. It’s part of the reason why I like Bitcoin. Many families in Eastern Europe have similar stories, but they don’t seem to learn.