Fiat Money As A Dialectical Monolith, Bitcoin As A Benevolent Solution
Bitcoin as a pushback against the status quo can only truly be adopted when the way in which we view our world escapes that of fiat framing.“...[Georg Wilhelm Friedrich] Hegel’s dialectic process exhibits a triadic movement. Usually this triadic structure of the dialectic process is described as a movement from thesis to antithesis and finally to a synthesis, after which the synthesis becomes a new thesis and this process continues until it ends in the Absolute Idea…” — Charles T. McGruder, Ph.D.Fiat money is monolithic. Since it is centrally orchestrated and manipulated, it always exists....
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The idea of a benevolent dictator for Bitcoin has become a topic of conversation throughout the community lately due to Mike Hearn's role as the final authority for changes in Bitcoin XT. Although it should be made clear that Hearn is able to dictate only policy for that particular implementation of the Bitcoin protocol, some individuals are turned off by the idea of having a single point of failure in the development process. Blockstream co-founder and President Adam Back is one such person, and he shared some of his views on the subject during a recent interview with Epicenter Bitcoin.....
Ethereum tokenization startup DigixGlobal has partnered with Monolith to produce a new version of the world’s first gold-backed Blockchain debit card. Denominated in Ether (ETH) and ERC20 tokens, Monolith’s Visa Debit card will become customizable for the needs of Digix’s customers as a result of the partnership. “The card will be available to users worldwide who might seek its unique properties,” IB Times quotes Digix CEO Kai Cheng Chng as saying. “The partnership will focus on some specific markets namely countries with weak national currencies and large remittance flows.” Chng added....
Cabital, a leading digital assets institution, has announced the launch of Cabital Connect, a secure fiat on-ramp and off-ramp gateway for cryptocurrency exchanges that require a simple and easy solution for their users to buy leading cryptocurrencies. Cabital Connect is a business solution for cryptocurrency platforms that allow users to use fiat currencies to buy […]
Cabital, a leading digital assets institution, announced that one of the fastest-growing cryptocurrency exchanges Bybit has integrated with Cabital’s comprehensive fiat on-ramp solution. Cabital’s flexible, secure, and fast fiat-to-crypto on- and off-ramp solution allows Bybit users to buy crypto at some of the most competitive rates in the industry without leaving Bybit’s platform. Related Reading | Small […]
Bitcoin is a better option than fiat money, said Mexico’s third richest man, Ricardo Salinas, in an interview. Bitcoin, Salinas said, is unseizable and can be transferred instantly worldwide, contrary to fiat and the gold standard.