Did you know… 1 Japanese Yen is divisible by 100 sen!
Today 10 Sen is approximately 1
Sat
According to chat gpt here is what 10 sen could get you from its creation to its retirement.
#japan #bitcoin #yen #sen
Here's a snapshot of what 10 sen could buy approximately every ten years from its creation in 1871 until its retirement in the early 1950s, considering historical economic conditions in Japan.
### 1870s
- **1871:** 10 sen could buy a simple meal, such as a bowl of rice or noodles, reflecting the yen's initial strong purchasing power.
### 1880s
- **1881:** 10 sen could buy basic food items like rice, vegetables, or small household goods, such as soap or candles.
### 1890s
- **1891:** 10 sen could still purchase a modest meal or a newspaper, maintaining its value in daily life.
### 1900s
- **1901:** 10 sen was sufficient for a local transportation ticket, a basic school supply, or a light meal, like bread or fish.
### 1910s
- **1911:** 10 sen could buy a snack, such as a sweet treat or a piece of fruit, reflecting stable prices before World War I.
### 1920s
- **1921:** Post-war inflation slightly affected purchasing power, but 10 sen could still buy inexpensive daily goods or a newspaper.
### 1930s
- **1931:** During the Great Depression, 10 sen could buy simple street food or basic commodities like a few eggs or a small amount of tea.
### 1940s
- **1941:** During World War II, 10 sen could buy rationed goods such as a small amount of rice, as wartime conditions strained the economy.
- **1946:** Post-war hyperinflation significantly reduced the value of sen, with 10 sen buying very little, perhaps a piece of candy.
### 1950s
- **1951:** Post-war inflation continued to devalue the sen, making 10 sen nearly negligible in buying power.
- **1953:** By the time sen coins were phased out, 10 sen had minimal purchasing power, insufficient for most transactions.
### Summary
Over the decades, the purchasing power of 10 sen declined dramatically due to inflation, economic upheaval, and the effects of global and domestic events. Initially, it could buy everyday necessities, but by the 1940s and 1950s, its value had eroded to the point where it was nearly worthless, leading to its retirement.
B-Side
npub1mq…qqt2p
2024-07-31 15:01:24
Author Public Key
npub1mqun8sft6n8pcn46dhxqhfcj9hkmm4yrq76vrfr8shh8jl24387s4qqt2pPublished at
2024-07-31 15:01:24Event JSON
{
"id": "c6aeb602eb18c2359eddf90a8210148630a1c082f09a12cdb43028cec5bfa26c",
"pubkey": "d83933c12bd4ce1c4eba6dcc0ba7122dedbdd48307b4c1a46785ee797d5589fd",
"created_at": 1722430884,
"kind": 1,
"tags": [
[
"t",
"japan"
],
[
"t",
"bitcoin"
],
[
"t",
"yen"
],
[
"t",
"sen"
]
],
"content": "Did you know… 1 Japanese Yen is divisible by 100 sen! \n\nToday 10 Sen is approximately 1\nSat\n\nAccording to chat gpt here is what 10 sen could get you from its creation to its retirement. \n\n#japan #bitcoin #yen #sen\n\nHere's a snapshot of what 10 sen could buy approximately every ten years from its creation in 1871 until its retirement in the early 1950s, considering historical economic conditions in Japan.\n\n### 1870s\n- **1871:** 10 sen could buy a simple meal, such as a bowl of rice or noodles, reflecting the yen's initial strong purchasing power.\n\n### 1880s\n- **1881:** 10 sen could buy basic food items like rice, vegetables, or small household goods, such as soap or candles.\n\n### 1890s\n- **1891:** 10 sen could still purchase a modest meal or a newspaper, maintaining its value in daily life.\n\n### 1900s\n- **1901:** 10 sen was sufficient for a local transportation ticket, a basic school supply, or a light meal, like bread or fish.\n\n### 1910s\n- **1911:** 10 sen could buy a snack, such as a sweet treat or a piece of fruit, reflecting stable prices before World War I.\n\n### 1920s\n- **1921:** Post-war inflation slightly affected purchasing power, but 10 sen could still buy inexpensive daily goods or a newspaper.\n\n### 1930s\n- **1931:** During the Great Depression, 10 sen could buy simple street food or basic commodities like a few eggs or a small amount of tea.\n\n### 1940s\n- **1941:** During World War II, 10 sen could buy rationed goods such as a small amount of rice, as wartime conditions strained the economy.\n- **1946:** Post-war hyperinflation significantly reduced the value of sen, with 10 sen buying very little, perhaps a piece of candy.\n\n### 1950s\n- **1951:** Post-war inflation continued to devalue the sen, making 10 sen nearly negligible in buying power.\n- **1953:** By the time sen coins were phased out, 10 sen had minimal purchasing power, insufficient for most transactions.\n\n### Summary\nOver the decades, the purchasing power of 10 sen declined dramatically due to inflation, economic upheaval, and the effects of global and domestic events. Initially, it could buy everyday necessities, but by the 1940s and 1950s, its value had eroded to the point where it was nearly worthless, leading to its retirement.",
"sig": "2618eaec0a51ee186a8a78c3e94796573be75361bd82ca549cdcc732b86c75c2190517b6276a5ae14966465edc9732ae6a752ddc3e8e442d26189475fc018f99"
}