Bitcoin has been dismissed by economists, news agencies, banks, politicians and countless other skeptics around the world as a Ponzi scheme, a joke, “fake money” and more. But what they all fail to realize is that bitcoin is just an open-source software that doesn’t care what they think. It is the most influential math experiment […]
Physical money like coins have been a staple of monetary systems since metals have been being forged. One of the reasons why coins have been the basis of such great money systems is because coins cannot be printed into existence on a whim. It requires lots of work to produce coins which is exactly what […]
If you do any searching, you can easily find articles about bitcoin’s risk and volatility all over the internet. I’m talking about mainstream media sources like Forbes, Wired, CNN and The Wall Street Journal just to name a few. What’s interesting about all of these publications is that they all make note of how volatile […]
Skeptics are eager to criticize bitcoin because they claim that it doesn’t have any “intrinsic value” and therefore can’t possibly be money. What they fail to realize is that bitcoin has a market utility that no other form of money in history has ever had. That’s a bold statement so let me show you why […]
Historically speaking, money has almost always been issued by those who rule but Bitcoin is slowly changing that. Rather than money being issued by centralized entities such as banks or governments, money is now able to be produced by decentralized systems like Bitcoin. This might not seem like such an amazing invention but as time […]
One of Bitcoin’s most amazing properties is that it puts the users in direct control of their own money. What you may not fully understand are the immense implications that really has on the daily lives of billions of people around the world. Bitcoin is ownership rather than debt and that will prove to be […]
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 […]
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 […]
“Paper is poverty. It is only the ghost of money and not money itself.” This is a direct quote from a letter that was sent from Thomas Jefferson to Edward Carrington in 1788 in reference to the creation of banknotes. Paper money seems to work for a number of economies around the world so what […]