Xaurum – A Treatise on Xaurum Whitepaper
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Bitcoin’s invention is most commonly compared to the time of the American Gold Rush; this analogy is misleading. The analogy equates bitcoin to gold, this is problematic because it forms the view that bitcoins are something closer to gold than fiat currencies, and furthers the confusion between natural and artificial scarcity. An analogy more suitable for reflection and analysis a comparison of cryptocurrencies with early coinage, its invention in Lydia and its adoption by the Greek poleis around 600 BCE. The times of Greek adoption of coinage were an important factor of civilization, as Athens was sustained on the silver slave-mines, used mainly for coinage.