Fiat Lux: The Origins Of Modern Money
Heavily Armed Clown explores the commonly misunderstood term “fiat” alongside in-depth historical economic background.This post contains compilations of work previously written by the author and published separately.The word “fiat” is growing more aggrandized in the modern lexicon, however, despite its increasing popularity it is often ill-defined or misused. I regularly observe people falsely call bitcoin a fiat currency. This is thanks, not least of all, to the layman’s poor grasp of history and money. Fiat is of Latin origin, meaning authoritative sanction; a decree, command or order.....
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Ryan Walker is an independent consultant and cryptocurrency enthusiast based out of Denver, Colorado. Here, he joins the dots between Darwin's theory of evolution, fiat money and the rise of cryptocurrencies. Charles Darwin first published his theory of natural selection in his book On the Origin of Species in 1859. The result of over 30 years of research, Darwin delivered to the world a new understanding of how modern species came to be, evolving over generations. The son of a wealthy English family, Darwin was not a man in need of money. Nonetheless, for On the Origin of Species and his....
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