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100 Years In the past Henry Ford Predicted Bitcoin : Bitcoin

On December 4, 1921, The New York Tribune printed a narrative detailing a plan by inventor Henry Ford, founding father of the Ford Motor Firm, to interchange the present gold-backed foreign money system into one based mostly on an “power foreign money.”

Ford goes on to say “Below the power foreign money system the usual can be a certain quantity of power exerted for one hour that may be equal to USD 1. It’s merely a case of pondering and calculating in phrases completely different from these laid right down to us by the worldwide banking group to which we have now grown so accustomed that we expect there isn’t a different fascinating customary.”

“The important evil of gold in its relation to struggle is the truth that it may be managed. Break the management and also you cease struggle.”

What a visionary. Its as if Ford was reincarnated as Satoshi to hold on his work with todays tech. Fairly superb an business big of his time was pondering this fashion.

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