Bitcoin Fixes Hungary: B for Billion

So where is the "B" comes from? ... Pengő notes couldn't be used other than with a special multiplier: whereas in Europe it is common to use one milliard for 10⁹ instead of billion in the Anglo-Saxon world, the Hungarian billion, like the French and German, was meant to be a 10¹² multiplier. Much like the Russian hyperinflation, the Hungarian was due to over-expansion of credit and a simultaneous absence of real assets, i.e., gold.

Read full Proof-of-Story: https://telegra.ph/Bitcoin-Fixes-Hungary---B-is-for-Billions-11-30

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