Bitcoin Songsheet: How Altcoiners Use Bitcoin To Rent Seek

Bitcoin Songsheet: How Altcoiners Use Bitcoin To Rent Seek

Though altcoins use Bitcoin to gain people’s trust, they’re simply a reimagining of fiat incentive alignment.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience."We are all in this together." So say the altcoiners when regulators are bearing down on them. Also altcoiners: "Bitcoin is wasteful, outdated and toxic."The weird frenemy status that Bitcoin enjoys among altcoiners is as arbitrary as it is confusing. On the one hand, they try to present a united front because clearly, Bitcoin adoption is greater....


Related News

Bitcoin Songsheet: A Nation Of Rent Seekers

The fiat monetary system ultimately disincentivizes productivity and the creation of real value and instead attributes wealth to rent-seekers.

Bitcoin Songsheet: Fiat Money Has Debased Having Children

The structure of familial support has been replaced with the encouragement of rent seeking and reliance on government.

Bitcoin Songsheet: How Science Became A Fiat Hype Machine

The never-ending projects fantasized about by scientists promise much without actually delivering anything.

Caruso To Accept Rent In BTC, Allocate Portion Of Treasury To BTC

Major real estate company Caruso will be accepting rent payments in bitcoin and has allocated a portion of its treasury to BTC.

Paying Your Rent with Bitcoin in 4 Steps

Turns out that paying for your rent and other utilities with bitcoin is every easy with a private and simple method that has been right under our noses. If you are a hardcore Bitcoin fan, then Satoshi's brain child is much more to you then just a speculative investment, or a cool new kind of database. It is akin to a new country, the country of the sovereign international people of the Internet, or something like that. As such you want to get paid and pay for everything only with your crypto coins. Or maybe you are traveling to a third world country and want to minimize your exposure to....