“Even if we could somehow convince the world or the U.S. government to adopt a gold standard, there’s not really anything stopping them from claiming “it’s an emergency” and that we need to drop the gold standard and “temporarily” close the gold window. In this way, Bitcoin provides stronger assurances about our money than gold…
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“’Smart contracts’ as a term was coined by Nick Szabo back in 1996 before the idea of a blockchain was even a twinkling in Satoshi’s eye. They had nothing to do with DAOs, or decentralized exchanges or any of these types of constructs that people tend to think of when they hear the term.” – Shinobi…
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If you missed the awesome Twitter spaces, we had with Lixin Liu from Keystone and Douglas Bakkum from Shift Crypto, you can’t stop crying because we have it here on Bitcoin Audible for your listening pleasure. What are the security benefits or tradeoffs with airgapped hardware wallets, what are the general challenges of Bitcoin hardware…
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“Neither is a Central Bank Digital Currency a State-level embrace of cryptocurrency—at least not of cryptocurrency as pretty much everyone in the world who uses it currently understands it. Instead, a CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into…
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In a follow up to the State of Lightning Report from Arcane Research and OpenNode, we dive into the possibilities for how Lightning will change the global market, the potential for truly on-demand services, streaming money, the access it could bring to billions with no banking, & why I think it will change how we…
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“Bitcoin miners are unique because of how fast, transparent, and flexible their response can be to pricing fluctuations. Riot’s Whinstone mining farm in Texas is a perfect example of miners powering down during tight conditions in ERCOT. During winter storms in February 2022, the site powered down 99% of its operations to reduce load. This…
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“Bitcoin is ripe for a massive disruption of systems like SWIFT, and at the rate the world is becoming both politically and economically unstable, I think that time is going to come sooner rather than later.” – Shinobi In the vision of consumers using Bitcoin to buy everyday goods and services, have we lost sight…
Read More“Bitcoin is ripe for a massive disruption of systems like SWIFT, and at the rate the world is becoming both politically and economically unstable, I think that time is going to come sooner rather than later.” – Shinobi In the vision of consumers using Bitcoin to buy everyday goods and services, have we lost sight…
Read More“Given two competing views of the world, the state will always promote the one that increases its power to extract wealth from its citizens. The choice between inflation and deflation is an easy one. Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Calling for inflation empowers the state…
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“Given two competing views of the world, the state will always promote the one that increases its power to extract wealth from its citizens. The choice between inflation and deflation is an easy one. Deflation empowers the citizen by allowing her modest savings to purchase more goods over time. Calling for inflation empowers the state by allowing it to print more money and by reducing the size of its enormous debts in real terms. It should be no surprise that state-funded academic institutions preach the virtues of inflation” – Kyle Ward
The propaganda around deflation must be a special beast in order to drive normal people to argue that things getting cheaper is bad for them. What could drive such an absurd idea so aggressively and is it a big conspiracy, or a simple set of fundamental incentives gone awry. Today we read an excellent short piece from the insane resource at Mises.org by author Kyle Ward, on deflation and the horrifying experience of the ever falling price of TVs.
Check out the original at the link below, plus tons of other gold on the economic realities of our time:
https://mises.org/wire/price-deflation-and-horrors-falling-tv-prices
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