Tag: fiat

Oct 19 2021

Understanding The Interest Rate Fallacy: The Risks Of Holding Fiat

Today’s low interest rate climate is one that further reduces the opportunity cost of holding base, fiat money — a fallacy fixed by Bitcoin.“After the U.S. experience during the Great Depression, and after inflation and rising interest rates in the 1970s and disinflation and falling interest rates in the 1980s, I thought the fallacy of identifying tight money with high interest rates...

To Understand The Bitcoin Ark, You Must Understand The Fiat Flood

Bitcoin is a lifeboat for escaping a broken system, but one needs to understand that system in order to see that.In the story of Noah’s Ark in the Book of Genesis, God has come to a decision. Man had strayed far from God’s instruction, and annihilation was the chosen solution to set straight our wayward kind. Noah was known to be a...

Oct 06 2021

The Intrinsic Value Of Bitcoin, Calculated Using Sovereign Credit Default Swaps

Bitcoin is incredibly cheap, considering it provides insurance on the U.S. financial structure, as well as all fiat currencies around the world.I reference my thesis on the intrinsic value of bitcoin in this piece, originally published in Bitcoin Magazine...

Oct 03 2021

Fiat Money Is Babel, Bitcoin Is Clarity

Fiat obstructs true price signals which convey economic reality, and bitcoin fixes this.Come, let us go down and confuse their language so they will not understand each other.-Genesis 11:7The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. ...

Oct 02 2021

Microeconomics And Fiat: The Bear Case For The U.S. Dollar

Economics demands that the dollar continue its long journey to a value of zero.Written September 15, 2021The goal of this article is to unite and create a coherent argument around the basic microeconomic idea of price equals marginal cost (P=MC), of fiat money as a product, and how bitcoin relates to these two. I must warn all readers that this is...

Sep 19 2021

Bitcoin Will Decapitate Zombie Corporations That Are Destroying The Economy

Sep 19 2021 Published at Bitcoin Magazine under tags  bailout culture fiat inflation

The decaying rot of corporations carried only by the fiat machine will come to an end as Bitcoin fixes our money.2008 Taught Us NothingWe have experienced (and some of us grew up) during a very interesting blip within history, starting with the events that transpired in 2008 when the tools of our “innovations” in financialization proved to be the swords upon...

Sep 14 2021

The Case Against Bitcoin’s Inflation Narrative

Despite inflation being most commonly cited as the reason for Bitcoin’s price appreciation, there are other factors at play.What do Peter Schiff, gold bugs, the financial media and many bitcoiners have in common? It is the shared belief that "money printing" is to blame for many, if not all, of the increases in price that plague our economy. While it cannot be...

Bitcoin Fixes The Modern Fiat Ponzi Scheme

The modern financial system is a debt-based pyramid scheme and an investment- based Ponzi Scheme with extra steps. Meme Image from Rick and Morty(8/30/2015)...

Sep 12 2021

Bitcoin Has No Competition

Sep 12 2021 Published at Bitcoin Magazine under tags  bitcoin culture fiat government

A Weekly Series Of Essays About The Language Of Bitcoin by Alex McShane.Lingua Contra ImperiumThe Language of Bitcoin: 5TL;DR - A myriad of monetary ruses are revealed to the general public through the scrutiny Bitcoin incites. From the onset, most of us couldn’t see the woods for the trees. For many, the simple technology of Bitcoin helped explain the extremely convoluted...

Sep 09 2021

Bitcoin And Addiction: A Life In (Fiat) Recovery

Sep 09 2021 Published at Bitcoin Magazine under tags  addiction culture debt drugs fiat

What parallels can be drawn from the recovery of an addict and a society addicted to debt?Instead of asking, why am I an alcoholic? I prefer to ask, how? As in, how did I become as hopeless as I once was and then how did I miraculously — slowly — progress to where I am today? What were the actions I took,...

Sep 03 2021

The Transition Between Fiat And Bitcoin

Bitcoin is going to overtake fiat — and bitcoiners can make choices to best facilitate this transition.One World, Two Systems: Why Bitcoin And Fiat Must Learn To Live TogetherTwo competing economic systems eye each other warily across the ideological divide. One is based on complete state control and surveillance of its citizens; the other celebrates personal and financial freedom. The world...

Sep 01 2021

The Fiat Dollar System Is No Privilege: The Burden And Why The U.S. Will Adopt Bitcoin

Sep 01 2021 Published at Bitcoin Magazine under tags  bretton woods fiat markets triffin u.s.

As the USD’s reserve currency status crumbled, the U.S. will abandon globalization and adopt a bitcoin standard.In the Bitcoin community, we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system...

Aug 29 2021

Bitcoin: The First And Final Rival Money

Aug 29 2021 Published at Bitcoin Magazine under tags  bitcoin business covid19 economics fiat

A Weekly Series Of Essays About The Language Of Bitcoin by Alex McShaneLingua Contra ImperiumThe Language of Bitcoin: 3TL;DR - Bitcoin is the first monetary technology of its kind. It is also the last. If you insist on summing up our good and sound money with a broken monetary measure such as the dollar, you will forever be confused about the state...

Aug 22 2021

Bitcoin Alleviates Future Uncertainty

A Weekly Series Of Essays About The Language Of Bitcoin by Alex McShaneLingua Contra ImperiumThe Language of Bitcoin: 2TL;DR - The government has pulled us into the deep waters, financially, to keep us vulnerable. Vulnerable people have the highest time preference, because they have the most future uncertainty. We’ve gone from a society that proudly claims to protect and nurture...

Aug 20 2021

50 Years Since The Gold Standard Ended, Bitcoin Is Needed More Than Ever

Just over 50 years ago, Richard Nixon ended the U.S. dollar’s gold backing. In the 50 years since, it’s been clear that we need Bitcoin.Not much can be more satisfying to historians, economists and statisticians than to delve back to a past year or era. When data and research from yesteryear are compared to that of today's world, experts can begin to...

Aug 18 2021

Why Has The Physical World Not Progressed Like The Digital?

Aug 18 2021 Published at Bitcoin Magazine under tags  culture fiat ideas inflation sound money

Bitcoin is poised to fix the fiat-created problems which inhibit potential progress.In the year my grandfather was born, the supersonic jet engine, synthetic rubber and the modern microscope were all invented. The year my father was born, the laser and the halogen lamp were both invented, and the first GPS satellite was launched into space. The year I was born, the modern...

Why You Should Maintain A Healthy Relationship With Money

Aug 18 2021 Published at Bitcoin Magazine under tags  culture fiat philosophy sound money

Bitcoin presents an opportunity for us to redesign our relationship with money in a way that's conducive to being good citizens.Rule X: Plan And Work Diligently To Maintain A Healthy Relationship With MoneyA REIMAGINATION OF “BEYOND ORDER” BY JORDAN PETERSON THROUGH THE LENS OF BITCOIN.Part 1...

Aug 17 2021

The Inherent Greed Of The Fiat System

Aug 17 2021 Published at Bitcoin Magazine under tags  culture fiat inflation religion

The current monetary system of the world exposes the poor and disadvantaged to continuous debasement of value.Think back to the first time you were given a dollar. You were four, maybe five years old. It is a powerful first for a child: the first time you buy something with your own money. You handed the clerk your dollar and he exchanged with...

Aug 15 2021

On 50th Fiat Anniversary, Bitcoin Can Solve U.S. Gratification Addictions

On the 50th anniversary of the fiat dollar, the U.S. is addicted to instant gratification in money printing, processed foods and more.My fellow plebeians of Bitcoin, El Salvadorians, Nigerians and Americans… I bring you here today for a very special reason. It is the 50th anniversary of a moment that has proven so pivotal and insidious, that every single corner of America’s...

Jul 26 2021

Why Bitcoin Will Usurp Fiat As The World’s Medium Of Exchange

The competition will become clearly one-sided as the black hole of value that is bitcoin absorbs everything around it.Bitcoin was never going to be a store of value… until it was. It was never going to become a reserve currency, right up until the point when major businesses and investors started converting their fiat treasuries into bitcoin. And the next thing the...

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