Tag: u.s. dollar

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 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 20 2021

NYDIG Report: Bitcoin Provides Value That Far Outweighs Its Energy Costs

Sep 20 2021 Published at Bitcoin Magazine under tags  bitcoin electricity energy markets nydig

"Bitcoin Net Zero" explained that Bitcoin's energy usage has to be seen in the context of its merits and why the currency is a unique innovation to humanity.NYDIG published today "Bitcoin Net Zero," a 70-page document that evaluated Bitcoin's energy consumption in the context of its role in society. The paper, co-authored by Nic Carter, general partner of Castle...

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 18 2021

New Rules Proposed For Bitcoin Exchange Providers In El Salvador

The document detailing the new guidelines has been released for comment, apparently encompassing only BTC/USD exchange providers.New technical rules for the Bitcoin law in El Salvador have been submitted for discussion by its Central Bank. The document seeks to clarify the rights and...

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 11 2021

U.S. Inflation Hits Highest Rate Since 2008, Outlining Case For Bitcoin

With inflation in the U.S. hitting its highest mark since the 2008 financial crisis, Bitcoin is serving as a critical lifeline.The consumer price index (CPI), a measure of the price of consumer goods and services, increased by an annual rate of 5% last month, hitting its highest mark since August 2008, according to the U.S. Bureau of Labor Statistics....

May 24 2021

Bitcoin And The Death Of The US Dollar

The long-awaited demise of the most destructive fiat currency in history looms on the horizon.There’s been lots of talks about the U.S. dollar losing its status as the world’s reserve currency. While most people still wonder when this is going to happen, I’m here to bring you the shocking truth: It’s already happening right in front of us. But most people fail...

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...

Feb 09 2021

Blockchain Bites: Will Bitcoin See ‘Reflexive’ Buys After Tesla?

Analysts say the market is pricing in the potential for other corporate BTC investments.

Jan 07 2021

A Decade Of Dollar-Denominated Debasement Debauchery

Jan 07 2021 Published at Bitcoin Magazine under tags  banking central banks u.s. dollar

01/Nov/2008: A pseudonym of unknown nationality sent an email carrying word of Bitcoin, a peer-to-peer, electronic cash system with no trusted third party. The New York Times 02/Dec/2008: “U.S. Recession began last December, economists...

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