Understanding Our Current Monetary System And Bitcoin’s Value Proposition
In order to understand Bitcoin’s potential role in the future, we must understand the monetary system of the present.This is an opinion editorial by Taimur Ahmad, a graduate student at Stanford University, focusing on energy, environmental policy and international politics.Author’s note: This is the first part of a three-part publication. Part 1 introduces the Bitcoin standard and assesses Bitcoin as an inflation hedge, going deeper into the concept of inflation. Part 2 focuses on the current fiat system, how money is created, what the money supply is and begins to comment on bitcoin as....
Related News
Understanding the monetary system is foundational to seeing what’s wrong with the current system and to have a true grasp of Bitcoin and its importance.
Libertarian leader Jeffrey Tucker, CEO of Liberty.me and publisher of Laissez Faire Books, shared with Bitcoin Magazine his views on how Bitcoin is NOT a monetary system. Bitcoin Is Not a Monetary System. By Jeffrey Tucker. Every since I started writing about cryptocurrency last Spring, my inbox has become a hub for Bitcoin questions. I completely understand - even to me it's still the most implausible idea ever that some code-slinging, nameless geek somewhere could somehow invent a new currency made from 1s and 0s, throw it out there on an open forum, and (in a mere five years), it would....
The Bitcoin For Truckers campaign made it on Tucker Carlson Tonight, the controversial and conservative TV host’s show on Fox News. The most important thing, though, it’s that Bitcoin’s value proposition shined bright in the mere center of his speech. Say what you will about Tucker Carlson, but this is the kind of advertising money […]
The current monetary system of the world exposes the poor and disadvantaged to continuous debasement of value.
Bitcoin is obviously scarce. And it seems to be becoming scarcer over time. The post Understanding Bitcoin’s Scarcity appeared first on Bitcoin Magazine.