Vol. 15 No. 1 (2018)

'Moneta imaginaria', by Israel Cedillo Lazcano, Gasparo Scaruffi presented the idea for a global monetary standard in his work L’alitinonfo (1582), with the aim of standardising the numerous coinages then circulating around medieval Europe. This idea was structured around a concept known as “moneta imaginaria”, which represented a stable value relation between gold, silver, and copper and which all the currencies were expected to follow. Since the 2008 publication of Satoshi Nakamoto’s “Bitcoin: A Peer-to-Peer Electronic Cash System” – the “modern” version of John Law’s Money and Trade Considered (1705) – we have witnessed the emergence of numerous arguments claiming that Bitcoin has the potential to become a universal means of payment. Here, I wanted to show, with one picture, how we have tried (and in most cases failed) both to define money and to make it uniform through various instruments, laws, and technologies.
Published: 05-Aug-2018

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