Like All Successful Monies, Bitcoin Is Money For Enemies
Bitcoin exhibits properties of money that have existed far longer than the protocol and that helps facilitate its rapid growth.In God We Trust: All Others Pay Cash. — Jean ShepherdMany well-known Bitcoiners say that bitcoin is money for enemies: Vijay Boyapati tweeted about it; Nic Carter has written on it; Peter McCormack and American Hodl chanted that conclusion here. On these pages in January 2022, Mark Goodwin wrote: “Bitcoin simply must be for enemies, or it will never be for friends.” It sounds good and it feels nice, drop-mic style, but what does it mean for bitcoin to be....
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Bitcoin has re-introduced the idea of money as a competitive good. It has done so in a meaningful way. This idea has been conspicuously missing from the economic debate for too long. I, for one, am pleased to welcome it back. We've always had competitive 'private' monies, centrally managed and lacking global reach. A current example would be the Brixton pound. These monies could never effectively compete with money by fiat decree. If these monies existed on the Internet, they were promptly shut down. If they existed outside the Internet, they could never scale to threatening levels. The....
Someone is playing with the Bitcoin price. In the last couple of days, the Bitcoin price has jumped up and down rigorously from 610 USD to 680 USD per Bitcoin. Four hours ago it dropped with more than 50 USD. There has not been any significant news that could explain the sudden rise or sudden fall of the Bitcoin price. The actions taking place seems to be marked driven with a pure trading goggle. The question is who's pumping and dumping. Everyone? Bitcoin has its enemies. Some of its enemies are the most powerful enemies one can have. A few countries haven't taken a very hostile approach....
Bitcoin, accessible by anyone, is a digital open money for the modern open society – a society free from inherited hierarchies.
Billionaire Paypal co-founder Peter Thiel has compiled a list of bitcoin’s enemies, the “finance gerontocracy” he said is stopping the price of the cryptocurrency from soaring a hundred times. Berkshire Hathaway CEO Warren Buffett tops the list. Thiel called him “the sociopathic grandpa of Omaha.”
Peter Thiel Unveils List of Bitcoin’s Enemies
Billionaire Paypal co-founder Peter Thiel shared his list of enemies stopping bitcoin from rising 100x Thursday while speaking at the Bitcoin 2022 conference in Miami, Florida.
The....
It’s been seven months since the grand opening, and digital currency exchange Gemini already seems to be making a few enemies. Gemini is the brainchild of Tyler and Cameron Winklevoss. Earning fame through their lawsuit against Facebook mogul Mark Zuckerberg, they have gone on to build solid names for themselves in the arena of bitcoin and digital currency. Gemini has many benefits, a big one being that it qualifies as a fiduciary and offers FICO insurance like a standard financial institution. In light of cyber-attacks on fellow platforms such as Bitstamp, Gemini offered the security that....