John Pitts
1 min readMay 20, 2020

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Great point Kamil, no one loves etymologies more than I.

Thaler almost certainly the inspiration for spanish dolare, true.

At 1 ounce silver, thalers dolares and the first US dollars were silver-backed money. I used “gold standard” liberally here to simplify and modernize the concept of prescious-metal (thus proof-of-work) backed money.

Thanks for the great comment and your read!

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John Pitts
John Pitts

Written by John Pitts

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