Tag: petrodollar

Sep 30 2021

The Birth Of The Bitcoin-Dollar

Bitcoin represents the next evolution of the American currency being tied to a system of energy storage.Written September 21, 2021You have probably heard of the petrodollar. You may not know the ins and outs, but you have heard the term in history class or on some podcast. In a very simple and reductive way, it is...

Sep 17 2021

Lessons From The “This Machine Greens” Bitcoin Documentary, Pt 1: Net Positive

What does the “This Machine Greens” title suggest? It’s a documentary about Bitcoin mining. The thesis is that the process is “a net positive for the environment.” The aim was to “dispels many of the misconceptions about Bitcoin mining.” Can the team behind...

Jul 28 2021

The Truth Behind Bitcoin’s Opposition

Bitcoin represents a threat to the United States dollar and its global hegemony backed by endless war.What do Saddam Hussein and Bitcoin have in common? According to the government, they both have ties to terrorism. In reality, both threaten the United States dollar (USD) and its global hegemony.“One man's terrorist is another man's freedom fighter.” — Gerald...

Jun 29 2021

Bitcoin Blowback: A History Of Dollar Hegemony, Economic Warfare And A Bright Orange Alternative

This essay addresses a history of dollar domination fabricated by the war machine that is the United States.AbstractThe United States dollar dominates world commerce. In 2019, it made up 88% of global trade, and no other currencies came close. This dominance gave the United States power over any other country that exports anything from anywhere. For example, due to the mechanics...

May 12 2021

Petrodollar Deep Dive With Alex Gladstein

Alex Gladstein joined "Fed Watch" to discuss his recent article about the petrodollar and lessons for Bitcoin's growing monetary role.Watch This Episode On YouTubeListen To This Episode:...

Apr 28 2021

Uncovering The Hidden Costs Of The Petrodollar

Apr 28 2021 Published at Bitcoin Magazine under tags  culture oil petrodollar u.s. u.s. dollar

The world’s reserve currency relies on oil, dictators, inequality and the military-industrial complex. But a Bitcoin standard could change this.In its growth from conceptual white paper to trillion-dollar asset, Bitcoin has attracted an enormous amount of criticism. Detractors focus on its perceived negative externalities: energy consumption, carbon footprint, lack of centralized control and inability to be...

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