“we often hear the U.S. dollar called an “exorbitant privilege.” Namely, that the U.S. benefits disproportionately from the dollar’s reserve currency status. This article will detail why the current financial system has, in fact, been a burden on the United States, why the fiat dollar system is ending and what that means for the future of Bitcoin.” – Ansel Lindner

What if the dollar fiat reserve system isn’t actually a great privilege, but is actually a burden that wears on the US success and growth? What if the best path forward to renew US growth and its importance in the global economy, was to adopt a Bitcoin standard? Don’t miss another great Bitcoin Magazine read, this one from Ansel Lindner.

Check out the original article below, plus tons of other great works at Bitcoin Magazine:
https://bitcoinmagazine.com/markets/how-bitcoin-could-replace-the-u-s-dollar

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“Long before we had the Bitcoin energy debate, we had the gold resource cost debate. The contours were similar: the costs associated with gold refining and extraction were a waste; they were too great relative to a mere fiat standard in which notes could be printed for virtually nothing.” – Nic Carter

Great piece today from Nic Carter published on Bitcoin Magazine. The energy cost debate of Bitcoin might not be quite what it seems to be. And we can take a lesson from history by understanding the long, ongoing debate about the resource costs of the Gold standard. 

Check out the original article at the link below, plus tons of great stuff from Bitcoin Magazine:
https://bitcoinmagazine.com/culture/bitcoin-and-gold-energy-debate

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5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch

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Dave Smith has finally done a Bitcoin episode! For those of you who missed this, I am making it available on my own feed and for those of you who do not know Dave Smith, he has the best podcast on libertarianism out there. It is absolutely one to check out if you haven’t yet. Check out the links below to watch this episode on youtube, or explore the other great content on Part of the Problem.

Part of the Problem with Dave Smith:
https://www.youtube.com/watch?v=ZAqs3DOXqCc
https://podcasts.apple.com/us/podcast/part-of-the-problem/id833706616

Don’t forget to check out our awesome sponsors!

5% off the BitBox02 with code “GUY,” your bank grade digital vault for your Bitcoin keys from Shiftcrypto.ch

And secure your Bitcoin future by starting your automatic savings plan at SwanBitcoin.com/guy

Learn more about your ad choices. Visit megaphone.fm/adchoices

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Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message