Tag: sound money

Oct 27 2021

Bitcoin: A Second Chance For The Muslim World

Bitcoin is the sound money that the Muslim world needs to accelerate into the future.The Ottoman suppression of the printing press is a poster child case of intellectual stagnation in the Muslim world. Although there was no outright ban, there is no denying of a...

Oct 24 2021

The Debt Ceiling Is A Cliff — And We Keep Raising It

Fiat money extends the debt cycle and traps citizens in ever-increasing inflation — but bitcoin forces a reckoning.The Longer We Wait, The Harder We FallOn Friday, October 15, 2021, U.S. President Joe Biden signed legislation raising the government’s borrowing limit to $28.9 trillion. Many...

Oct 19 2021

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 16 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 7, P. 2: Inflation)

Let’s focus. If we do, we can finish our analysis of Saifedean Ammous’ “The Bitcoin Standard” this century. The rest of this chapter is all about inflation, the buzzword of the last few months. As the whole world is feeling the effects of something that’s day-to-day life for small economies, people in privileged countries are curious about why their purchasing power decreases every...

Oct 14 2021

Bitcoin Vs. Digital Fool's Gold

Oct 14 2021 Published at Bitcoin Magazine under tags  culture digital gold gold sound money

While alternative cryptocurrencies may on the outside be shiny and attractive, they lack the fundamental aspects that give bitcoin value.“There's a lady who's sure all that glitters is goldAnd she's buying a stairway to heaven” Robert Plant and Jimmy Page - Led Zeppelin - Stairway To Heaven"Fool's gold" is...

Oct 05 2021

Gresham's Law Does Not to Apply to Bitcoin In El Salvador

The economic rule discussed in a previous article doesn’t take these two factors specific to bitcoin’s situation in El Salvador into account.Austrian economists have long been interested in the study of money and the processes of monetization. The last global monetary standard that developed largely through market forces, gold, occurred well before the Austrians had performed their work on the topic. The...

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

Bitcoin Is The Ultimate Paradigm Shift

Oct 02 2021 Published at Bitcoin Magazine under tags  culture ideas philosophy sound money

Upon understanding it, Bitcoin fundamentally changes the way people see the future of money.For millions, bitcoin equates to hope — for others, it’s an end to centralized control of people’s money — and for some it's both. I was introduced to Bitcoin in 2017 by a work colleague who stated this technology would be the future of money, but I didn’t understand...

Sep 29 2021

Bitcoin Is The Only Asset To Solve The Store Of Value Problem

Only Bitcoin successfully navigates the tricky issue of maintaining monetary energy over time.After digesting the piece entitled, “How Bitcoin Solves the Store of Value Problem” by @Mind/Matter published in Bitcoin Magazine on August 1, 2021, I found myself unsatiated. Although in firm agreement with the central premise of the...

Sep 21 2021

Bitcoinist Book Club: “The Bitcoin Standard” (Chapter 7, P. 1: Economic Thought)

Welcome back, fellow student. Let’s dive back into Saifedean Ammous’ “The Bitcoin Standard” to discover the secrets of economic theory. In today’s lesson, we’ll study the “two main government-approved mainstream schools of economic thought: Keynesians and Monetarists.” Then, we’ll contrast them with the Austrian theory of money. Get the facts of...

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 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 04 2021

A Classic Lesson In Hard Money

A film about a thief and a princess is intertwined with an all-too-familiar inflationary ideology.*All images in this article are from Hayao Myazaki’s “The Castle Of Cagliostro.”The lowering of a fiat curtain sealed off all connections to a hard money standard and our global economy has sunk knee-deep into a bog of fiscal uncertainty, mooched by money-sucking mosquitos à la fractional...

As Global Inflation Heats Up, Bitcoin Saves The Day

Many contributing factors have led to a rise in inflation, which bitcoin offers an escape from.The world is breathing a sigh of relief as things normalize after Covid-19 pandemic devastation. Governments are lifting lockdowns, restrictions are being relaxed, and the economy is slowly returning to a semblance of normality. As a result, consumer spending is on the rise. Inflation Is On The...

Sep 01 2021

Bitcoin Revives The American Dream

With so much turmoil in our country, Bitcoin presents an opportunity to regain our societal foundations.Bitcoin revives the American dream.It’s a strong claim, I know.How would you describe the current landscape of relationship building, and family formulation? Typically within my circles it’s met with anxiety and a general lack of excitement. Why do we think this is? I think that...

Aug 26 2021

How Antifragility Increases Bitcoin's Survivability

Aug 26 2021 Published at Bitcoin Magazine under tags  culture nassim taleb sound money

Bitcoin uses open source peer-to-peer technology to adapt and improve, maintaining its decentralized and finite nature.Let’s talk about antifragility: what it is, its consequences and how it relates to bitcoin and the dollar. The term antifragile was first coined by Nassim Taleb. In...

Aug 23 2021

Bitcoin Is The Societal Foundation For Truth

As we progress into the future, the necessity for Truth remains the requisite base upon which all else must be built.Truth, Goodness, Beauty. The ancient Greeks identified these three transcendental virtues as the requisite underpinning for individual fulfillment and broader societal flourishing. They also believed that all humans have innate capacities that correspond to each of these values. Logos (reason)...

Aug 20 2021

Bitcoin Is The Successor To Violence

Aug 20 2021 Published at Bitcoin Magazine under tags  culture sound money violence war

Bitcoin completely negates the need for violence by incentivizing trade and peaceful cooperation. Image source I would like 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...

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