How The Fiat Standard Has Impacted Relationships, Sex And Family — And How Bi...
The fiat standard has drained the value out of more than just money, leaving family units a weak shell of their former strength.This is an opinion editorial by Paloma De la Hoz, a licensed psychotherapist and psychologist with a focus on sex and couples therapy."The government cares about you" is a fairytale that many people choose to believe nowadays.When I started going down the Bitcoin rabbit hole, I learned about the evolution of money and I was surprised to find that the present is the first time in history that money has been purely controlled by the “state.”I dare to say that most....
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In this exclusive extract, the author of "The Bitcoin Standard" introduces its sequel, "The Fiat Standard."
Relationships are another victim of the low time-preference infection created by fiat money.
JUNE 20, 2014 -- NEW YORK, NY --Catherine Bleish and John Bush, well-known activists and personalities in the Bitcoin community, are taking their family of four on an "uncoinventional" journey, using only Bitcoin. Named the Uncoinventional Living Tour, the family has been on the road for nearly one week and has used only bitcoin to purchase everything from gas and food, to lodging and other necessities, making it a whole week without spending any fiat currency. They have spent the last week traveling from San Marcos, Texas to Washington D. C. to attend Bitcoin in the Beltway. After this....
The "Gold Standard" was so far applicable only to fiat currencies. It means, that the currency in circulation in a country is backed by its equivalent worth in gold. Gold was chosen as a standard because it is universally accepted as a standard, and it still continues to be so. Recent days have seen the world gradually deviating from fiat currency to digital currency. Bitcoin and other altcoins are on the rise. Bitcoin is not backed by gold, and its value is decided by demand, supply and the number of transactions happening over the network. Thus making it more volatile compared to the....
How would a bitcoin standard fare for a monetary system? An analysis by the Bank of Canada examined that scenario, conjecturing how a bitcoin standard would perform based on the performance of a gold standard that existed from 1880 to 1913. The gold standard was a monetary system in which nations’ currencies were tied to gold. The 37-page paper [PDF] is written by Warren E. Weber, research consultant at the Bank of Canada, visiting scholar for the Federal Reserve Bank of Atlanta, and adjunct professor at the University of South Carolina. The paper claims that because....