It’s Not Late-Stage Capitalism. It’s Late-Stage Fiat
Bitcoin is the solution for a growing division of wealth inequality driven by the Federal Reserve’s monetary policy of printing trillions of dollars.We’re not in the throes of late-stage capitalism; we’re living through the late stages and the death rattle of the post-1971 fiat system. Mistaking the two (and basing solutions or policies on this mistake) is a recipe for counterproductive interventions and missed opportunities.Never in my life have I felt a more pressing sense that we are approaching the end of something; that, to paraphrase William Butler Yeats, the metaphorical center....
Related News
The problems of today are constantly criticized under the label of capitalism, but fiat money has warped free market interactions.
The SEC filing notes the 10T Fund’s first sale occurred on Jan. 29, with $76 million remaining to be sold. Macro investor Dan Tapiero has launched a $200 million fund intended to invest in mid- to late-stage companies in the digital asset ecosystem.According to a Notice of Exempt Offering of Securities filing today with the U.S. Securities and Exchange Commission, or SEC, Tapiero and his 10T Holdings partners Michael Dubilier and Stan Miroshnik have given the regulatory body notice of a $200 million growth equity fund for crypto and blockchain firms. The filing shows the fund has already....
Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. Binance Labs, the investment arm of crypto giant Binance, launched a $500 million fund in partnership with global investors including DST Global Partners and Breyer Capital to drive innovation across the crypto, Web3 and blockchain landscape.Binance Labs plans to allocate the latest $500 million fund to projects across various stages — incubation, early-stage and late-stage growth. Sharing his take on accelerating the adoption of the crypto....
The year is unfolding fast and while it appears that the price may lull, bitcoin will finally take the spotlight on the cryptocurrency stage.
Hardly anyone ever expected to use the terms Federal Reserve and Bitcoin in the same sentence in a positive manner. As it turns out, the Fed has been quite open to Bitcoin and blockchain as of late, but there is still a lot of work to be done. On the first of June 2016, there was a fintech conference for central bankers at the Federal Reserve premises. With roughly 100 attendees from the central banking world, the topic eventually turned to Bitcoin and blockchain. While the crowd seemed very open to the idea, there is still a lack of understanding regarding the technology of blockchain.....