“Base money is a liability of the central bank, and it’s used as a reserve asset by commercial banks. Broad money is the liability of commercial banks, and it’s used as a savings asset by the public. Treasuries are liabilities of the federal government, and they’re used as collateral by the central bank and commercial…
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“Today, it’s a trucker protest. What if it’s a women’s rights protest next? A protest against abuses by a country you’re allied with? Who decides? Bitcoin sure as heck doesn’t. Bitcoin doesn’t care about the color of your skin, your political affiliation, the country you’re in, what videos you watch on YouTube, etc. If you…
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We dive into the chaotic world of 2022 with the insanity of the financial markets, the bond markets cracking apart, the political sphere going nuclear, & the steady tick tock next block of Bitcoin as a totem of reliability & sanity in an insane world. Greg Foss and I joined Clint Russell on his excellent…
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“The difference between the Linden Dollar, World of Warcraft Gold, Fortnite V-Bucks, the Euro, and the U.S. dollar is in scale, not in nature. While V-Bucks are created and controlled by Epic Games (the company that created Fortnite), the U.S. dollar is created and controlled by the Fed. One impacts millions of people, the other…
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“The power of prices is the process of dynamic discovery that underpins their emergence, not the fleeting consensus of a specific moment in time. The price is never right, but prices are as right as can be hoped for at that moment. Attempts to coerce prices without the ability to change the reality they communicate are, therefore, bound to…
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“That misinformation in the form of money wouldn’t just create polarization. Because money connects value between people and nations, it would drive a tremendous misallocation of capital and resources as individual actors in the system all made the system worse with their actions to make enough money to escape the system.” – Jeff Booth Today…
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“I believe Africa represents the most elegant use case for a Bitcoin standard in existence. In the paragraphs that follow I will explain why.” – Charlene Fadirepo Africa is a hugely under-appreciated, yet massive part of the Bitcoin universe that is growing into its own, due to multiple factors, the case for a Bitcoin standard…
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“Coding, mining, infrastructure, and markets are all independent, happening in competing jurisdictions and geopolitical rivals, often done by anonymous or pseudonymous actors, all with different philosophies and goals, but with one uniting motivation: to keep Bitcoin going.” – Alex Gladstein Bringing back an article from a year ago from the always fascinating Alex Gladstein. “Can…
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“Cryptocurrency market-isms are built on claims about the economic and computer science advances Bitcoin and cryptocurrencies have achieved, and thus have a direct relationship to those claims. While some are the product entirely of fandom, others are more complex, attempting to both define a scientific position, and then encourage beliefs and conduct based on those claims.”…
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“Even if you knew this was complete and utter bullshit, and that being an agent and not a principal ethically and legally precludes you from pretending your politics is your job, can you imagine, dearest of readers, your absolute priority at all times being to appear minimally different to all your competitors and hence to…
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