The concept of a unit of account is a fundamental aspect of any economy, as it provides a standard measure for valuing goods and services. In order for a unit of account to be effective, it needs to be highly divisible, allowing for the facilitation of trades both large and small. This is where bitcoin […]
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The concept of money has been a cornerstone of human society for centuries, facilitating trade, commerce, and innovation. However, the centralized control of money has led to a concentration of power, which has far-reaching consequences for individuals, communities, and nations. The regulation of money has become increasingly politicized, resulting in a system that serves the […]
The traditional banking system has been a cornerstone of modern finance for centuries, providing a secure and convenient way to store and manage money. However, this convenience comes at a cost, literally. Banks charge various fees for their services, including fees to save your money. These fees can add up quickly, eating into your hard-earned […]
For centuries it has been privileged knowledge that whoever controls the people’s means of exchange, controls the people. Luckily, that power dynamic is being challenged by an open-source math equation known as Bitcoin. For the first time in the modern history, the power over centrally issued money and physical control over money is being shifted […]
The United States of America, a country founded on the principles of democracy and freedom, has devolved into a system where corruption and greed reign supreme. The current political system is broken, and it’s not hard to see why. The influence of money in politics has created a culture of corruption, where politicians are more […]
Money And Power Are Inseparable The relationship between money and power is a complex and multifaceted one. Throughout history, the control of money has been a key factor in determining the distribution of power and wealth in society. Those who have controlled the production and distribution of money have often held significant power and influence […]
The concept of a network effect is a powerful force that can drive growth, adoption, and innovation in various industries and technologies. In essence, a network effect occurs when the value of a product or service increases as more users join the network. This can create a self-reinforcing cycle, where the growth of the network […]
Bitcoin is often criticized by skeptics and critics because “Bitcoin is not backed by anything!” and that is completely true. Traditionally, currencies were backed by physical commodities such as gold or silver, which provided a sense of security and stability. However, with the advent of fiat currency, the notion of backing has become more complex. […]
The value of bitcoin is often misunderstood by those who are new to the bitcoin space. Many people believe that the value of bitcoin is solely determined by its price, which can be volatile and unpredictable. However, this is a narrow and misguided view. The true value of bitcoin lies in its underlying principles and […]
One of the most important uses of money is to conduct trade and business within our own local economies. Thanks to the internet, we are now able to conduct trade at massive scale across borders with nothing but a smart phone. One of the biggest problems with trading all across the globe is that we […]