2025-04-05T11:36:12Z https://nostr.now Bitcoin & Monero Esposende https://nostr.now/npub1ln6ggtyejfmx3262sas7hdukvaqyn497mg4vkzz4ts7mqnt2s5aqrhass5 https://m.primal.net/QFCW.png https://m.primal.net/QFCW.png https://nostr.now/nevent1qqspykqa5mrdskwcupvqxe26u7kqft50qx9mkhjvxctp8qq3vhmc85czyr70fppvnxf8v69tf2rkr6ahjen5qjw5hmdz4jcg24wrmvzdd2zn5czsf46 In reply to <a href='/nevent1qqsv3eyqa3yk609e87jwnau3znsxxdy0glmznrmu3gsthnqhq437n9gpzamhxue69uhhyetvv9uhxtnyd9nkwmm09e3k7mg0hn3a4'>nevent1q…n3a4</a><br/>_________________________<br/><br/>I asked chatGPT to provide an explaination<br/><br/>This chart illustrates the historical shifts in global economic dominance through the lens of both **geopolitical power** and **currency influence**. Let&#39;s break it down, focusing on **Portugal&#39;s role** in this context, with a particular emphasis on its currency and monetary power.<br/><br/>### **Portugal (Early 1400s – 1575)**:<br/>- **Global Economic Dominance**: Portugal was one of the first European powers to establish a global empire in the 15th century. This era, often referred to as the **Age of Discovery**, began under **Prince Henry the Navigator** and saw Portugal becoming a major player in international trade.<br/> <br/>- **Currency and Money**: As Portugal expanded its empire, especially through maritime trade routes to Africa, India, and Brazil, the Portuguese **real** (their currency at the time) became widely used across their territories. Their control over gold and spice routes increased the country&#39;s wealth and made the **Portuguese currency a central element in trade** across Europe, Africa, and Asia. Portugal also played a key role in the early globalization of monetary systems, as its empire linked markets across continents.<br/><br/>- **Decline in Influence**: By **1575**, the chart shows Portugal&#39;s decline, coinciding with its empire’s weakening grip due to competition from Spain and the Netherlands. Spain’s takeover of Portugal (the Iberian Union, 1580-1640) also diminished the power and influence of the Portuguese currency. <br/><br/>### **Other Nations and the Role of Currency**:<br/>- **Spain (1575 – mid-17th century)**: After Portugal, Spain became the dominant global power. Its currency, the **Spanish dollar (pieces of eight)**, was used across its vast empire, from the Americas to Asia, and became the first truly global currency, widely accepted for trade.<br/><br/>- **Netherlands (17th century)**: The Dutch Republic&#39;s influence rose with its strong navy and the Dutch East India Company. The **Dutch guilder** became a major currency in Europe and the colonies, backed by the wealth accumulated through global trade.<br/><br/>- **France, Britain, and the USA (18th – 20th centuries)**: Successive empires like **France** (with the **French franc**), **Britain** (with the **pound sterling**), and **the USA** (with the **US dollar**) took over as dominant global powers, each with their currency becoming widely used as a reserve currency in global trade and finance.<br/><br/>### **Future: Bitcoin (2100)**:<br/>- The final entry in the chart suggests a potential future shift to **cryptocurrency dominance**, symbolized by **Bitcoin**. This reflects speculation that digital currencies might become the new global medium of exchange, perhaps replacing national currencies in a decentralized financial world.<br/><br/>### **Conclusion**:<br/>The chart highlights how the center of **global economic power** and **monetary influence** has shifted from **Portugal in the 1400s**, through other European nations and the USA, to a future that might involve decentralized currencies like Bitcoin. Portugal&#39;s early dominance was tied closely to its maritime empire and the widespread use of its currency in trade. As global trade systems evolved, the power of each nation&#39;s currency played a key role in its ability to maintain global dominance. 2024-10-16T08:25:02Z https://nostr.now/nevent1qqs9q2xlhpgettfm0dnn5prgttdpcqdrceetnd6ncwa6p5jvh29ewcqzyr70fppvnxf8v69tf2rkr6ahjen5qjw5hmdz4jcg24wrmvzdd2zn5f6wxqc #Esposende #Portugal Meetup<br/><br/>Share if your Portuguese<br/><br/> <img src="https://m.primal.net/LXAq.png"> <br/> 2024-10-15T22:03:24Z https://nostr.now/nevent1qqsgerlh7lkuefukc0ryzu5nuvc09mckhp77r6d2s7fx2huxn4ff49gzyr70fppvnxf8v69tf2rkr6ahjen5qjw5hmdz4jcg24wrmvzdd2zn5v3f2jn <img src="https://i.imgur.com/nXvvPLA.jpg"> 2023-04-17T23:10:19Z https://nostr.now/nevent1qqsprmmy7pw8h36a4mjq2zr4ejxw9243tcfpq8wvslxl8v3wayuhvmszyr70fppvnxf8v69tf2rkr6ahjen5qjw5hmdz4jcg24wrmvzdd2zn5twzjsh DaVito<br/><a href="https://maps.app.goo.gl/T9VCGXgJPit9GFnQ6?g_st=ic">https://maps.app.goo.gl/T9VCGXgJPit9GFnQ6?g_st=ic</a><br/><br/>Pay in Bitcoin<br/><br/> <img src="https://nostr.build/i/nostr.build_42f098df1c908d672f8acb274c55fcda1872b7d05afcdfc52c84d61be3982f04.jpg"> 2023-03-28T21:36:11Z