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This is fun. 🤩
I used to have IconMstr on Windows95.
Loved that program.
Created hundreds of 32x32 icons I could swap with the recycle bin or desktop icons.
Nm, but I'd pay good sats for the picture.
Could you get a guy with a hat and a gun reading it on the street?
So, people in Austin buy this where?
You got photos of some random Texan cowboy in the wild reading my Bro Smoking?
Plz sned.
I just read off the AI that the shortest duration was 5 years and they basically forced the creditors over into long maturity government bonds at lower rates. So in 1939 the first mefos came due and Schacht got fired and replaced by a more compliant nazi.
The German government pushed back the automatic redemption dates because people where happy to continue holding- until they weren't.
I highly doubt this. You have a source on this? If I was a bond holder I'd be extremely concerned if not outright infuriated if the maturity date on my bond wasn't met. This would rugpull the entire market. I'd say the time 'they weren't' was the time the maturity was first postponed.
How would you feel if you made such an investment and they'd announce the postponement? I'd immediately know it was a scam from that point on.
But as an investor in these MeFo's, wouldn't you feel totally scammed once they pushed the maturity dates? I mean how many of those MeFo's were redeemed? If you only get 4%, you're gonna have to wait 25 years to merely gain the principal back. I mean what was the redeem rate? Ten years later the German empire was busted. Sounds like you should have better kept your Rentenmarks.
Haha lol. It's been a while since I coded on Bitcoin. Yeh, very very very very small chance, right? Like one atom in the entire universe? Who knows... Maybe the gods of chance were favorable and you had a brute force miracle on a glitchy computer. Let's just send it to Naka, k?
Hitler put his fingers on his chin, and with a pensive look said, "So you're saying that if our loot rate is higher than the mefo M2 rate...we're good, right?"
Schacht nodded and they high-fived.
Oh, what a wonderful plan our top Jerries had concocted on that sweltering day in the summer of '34. What could possibly go wrong?
Yeh, but the jig is up once the people will redeem, no?
What if that 4% doesn't cover the mefo inflation rate (at a later stage)?
This all sounds quite unsustainable in the long run.
yes, wouldn't this be a much better idea than to trust some other random address someone probably might hold the keys of?
What I don't understand is that 'it didn't lead to inflation'. No, the Reichsmark wasn't inflated, but the MeFo bills were, right?
Wikipedia also says that the maturation was constantly pushed into the future so that nobody would redeem for 'cash' (though these MeFos did circulate between companies as payment medium).
I am sure there must have been some kind of impact from this kind of fiat/assignat equivalent.
Anyways, cool story, great title.