Hyperinflation Will Change Everything, But Bitcoin Is Dilution Proof
As signs of hyperinflation in the U.S. continue to appear, our society will suffer in numerous ways. Those who choose bitcoin will have some protection.The greatest trick the government ever pulled was convincing the world that inflation was a good thing.Over the course of history, dozens of once-prosperous nations have collapsed under the pressure of hyperinflation. Today, the U.S government is $29 trillion dollars in debt and inflation is at its highest rate in over 30 years. Now, more than ever, is a good time to clarify what inflation is, why it is never a good thing and what you can....
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Twitter and Square CEO Jack Dorsey has warned that hyperinflation will soon happen in the U.S. and elsewhere in the world. “Hyperinflation is going to change everything. It’s happening,” he predicted. Many people disagreed with him, however.
US Will Soon Experience Hyperinflation, Says Twitter CEO Jack Dorsey
The CEO of Twitter and Square Inc., Jack Dorsey, tweeted a warning about hyperinflation in the U.S. Friday. “Hyperinflation is going to change everything. It’s happening,” he wrote.
Comments flooded his tweet. At the time....
Historically, hyperinflation is a positive feedback loop of free money, illusionary wealth and greed.
The more things change the more they stay the same; our modern inflationary currencies are beginning to mirror that of Weimar.
As politicians and environmentalists have argued Bitcoin should move away from proof of work, they miss what makes the network so innovative.
Anatoly Yakovenko, one of the co-founders of Solana, the proof-of-stake based, smart contracts enabled blockchain, issued a series of statements criticizing bitcoin’s consensus algorithm. In an interview on CNBC, Yakovenko stated that bitcoin might lose adoption if it doesn’t change to a proof-of-stake (PoS) consensus algorithm. Other organizations have also attacked bitcoin, hinting at this same change as a possible solution for what are considered drawbacks by some. Solana Creator Believes Bitcoin’s Proof-of-Work Consensus Algorithm Will Affect Its Usage Anatoly....