this post was submitted on 05 Oct 2024
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Apple couldn’t tell fake iPhones from real ones, lost $2.5M to scammers (arstechnica.com)
submitted 3 months ago by jeffw@lemmy.world to c/technology@lemmy.world
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[–] echodot@feddit.uk 4 points 3 months ago (1 children)

The gold standard is a myth anyway. You can't actually get that gold even if you do have an original dollar. The number of times it's been reprinted doesn't matter.

The US isn't backed by gold anymore the Euro was backed by the Dollar. Every currency is simply backed by that country's economy, that's why you get hyperinflation in countries with civil unrest or war.

[–] Mobiuthuselah@lemm.ee 1 points 3 months ago

Right, it was more of a metaphor between the Fed and Apple