Bitcoin is highly likely to be a 'sangpyeong notification' in the Joseon Dynasty"
The report cited as an example is from Sangpyeong-tong of Joseon.
As the name suggests, the Sangpyeong Tongbo was a legal coin issued with the expectation that it would be 'currency that is used stably in everyday life', but contrary to these expectations, people did not welcome it in commerce. Researcher Lee explained, "This suggests that it is very difficult to make a specific commodity fully exhibit its function as money."
In the financial briefing of the Korea Institute of Finance, it was said that there is a high possibility that Bitcoin will become a regular notice. Although the Sangpyeong notification was legal currency, it seems that it was not properly accepted by people. It's not like I'm being a researcher and talking nonsense.
Wasn't the Sangpyeong Tongbo the least used currency in Joseon? I'm not only talking about dangbaekjeon, I see the Sangpyeong notification itself negatively.
I haven't read the full financial brief so I don't know exactly what that means. However, no matter how much the notice was garbage, I don't know if Bitcoin is being treated well if it is compared to the Korean legal currency.
Personally, I think that Bitcoin has passed the monetary stage and is about a store of value asset. Deflationary gold and bitcoin are skeptical at the moment as fiat currencies.
El Salvador, which does not even have a notice of exchange, seems to be a success even if it is just a notice of exchange with bitcoin. It is said that banknotes based on silver were issued horribly, not only in the Yuan Dynasty, but also in the Goryeo Dynasty.
El Salvador's dollar is better than Goryeo's Yuan dynasty, but considering the current inflation, it would be better to have a Sangpyeong Tongbo.