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Ancient Coin Counterfeiting: How Greeks and Romans Outsmarted Fraudsters

Let's take a journey back in time, to when the first coins were minted and scam artists were already on the prowl. Coinage began during the reign of the legendary lydian king 'Croises' at the aegean coast of modern Turkey - a hotspot of trade and capital of its time. But with it the manioulation of coins would take of, as we know too well from our time being...

The Art of Deception in Antiquity

Both Ancient Greeks and Romans knew that counterfeiting money could be a lucrative business. But how did they attempt to stop these fraudsters?

Greek Coins and the Power of MintingIn Greece, minting coins was more than just a means to an end; it was a symbol of power and culture. The Athenian tetradrachms, known for their owl, were made using special coin dies that were only used by official mints. Yet, even with these controls, counterfeiters tried to play the game.

Roman Severity and Punishments

The Romans took coin counterfeiting even more seriously. They had a system based on the weight and purity of the metal. The punishment for counterfeiting could be severe – from heavy fines to capital punishment. Romans also harnessed the power of the public: Everyone had the right to check coins for authenticity, creating a form of collective oversight.

Measures Against Fraud

Standardization of WeightsBesides money, standardizing weights and measures was a big deal. In Egypt, precise materials were used for weight pieces as reference points in trade. In Athens, agoranomoi patrolled to ensure no one tampered with the scales.

Morality and Religion

The ancient world was deeply religious, and fraud was not just criminal but also morally corrupt. In some cultures, using false weights was an affront to the gods.

The Battle Continues

While ancient methods are not comparable to today's security features like holograms and microprinting, they show that the idea of preventing counterfeiting is not new. But let's not kid ourselves – in the modern era, the manipulation of money has simply been monopolized by the state and its central banks. They're the ones who can now print money at will, devalue our savings, and control the economy with the stroke of a pen. Talk about a monopoly on fraud.

#AncientFraud #HistoryOfMoney #RomanCoins #nostr #bitcoin #NostrLearning #Antiquity #EconomicHistory #CentralBank

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Eurozone's Industrial Heartlands Deepen Manufacturing Slump

Manufacturing in the Eurozone continues its downward spiral, with powerhouse economies Germany and France leading the decline. The latest PMI data shows manufacturing activity at 45.1, falling short of the projected 45.2 and signaling further contraction in the sector.

The European Central Bank may soon intervene with monetary stimulus and potential rate cuts to combat the persistent industrial weakness. This development could put additional pressure on the euro's strength.

#EU #Eurozone #Manufacturing #Nostr #Bitcoin #ECB #Industry #Economy

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It's already too late. They'll vote the next Davos coalition and nothing will change

Russia's Gas Exports to Europe Halted: Ukraine Ends Transit, Economic Repercussions Loom

The flow of Russian gas through Ukraine has ceased, following Kyiv's decision not to renew a critical pipeline agreement. Gazprom, Russia's state-controlled energy giant, has now stopped its supply, marking a significant change in the European energy landscape.

Ukrainian Energy Minister Herman Haluschenko commented, "This is a historic event. Russia is losing markets and will face financial losses."

The cessation of these gas flows has immediate implications for Europe. The continent finds itself increasingly entangled in the geopolitical tug-of-war, with fears that Russia might leverage energy supplies to escalate tensions. The reality of an energy crisis is palpable as gas reserves dwindle at an alarming rate, particularly affecting Germany, where the economy is feeling the strain of soaring energy costs.

#EnergyCrisis #RussiaUkraine #Gas #nostr #grownostr #Europe #Economy #Geopolitics #Germany https://files.sovbit.host/media/863f2c555276e9ed738933b0efee6b021042f16e1529dd755704885b87fee183/8512463d2100e4360c399ac911ff2d1e1af5cb4bea92a8d2a1df3d2b6cb14de6.webp

The next major debt crisis is brewing, which could turn into a catastrophe here in Europe. There are no signs that politicians are willing or able to bring public budgets under control.

#economy #debt #debtcrisis #nostr #bitcoin

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Good motto:

"Begin at once to live, and count each separate day as a separate life."

(Seneca)

We have to break the leaden monotony of everyday life, seek beauty and find focus.

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Thanks, igualmente. Why don't You invite Breedlove to join us here?

Best one so far this year🤣🤣👍👍👍