What is Money Anyway? Part 2

What is Money Anyway? Part 2

“To put it into perspective, this international monetary system based around centrally-managed fiat currency is only 16 years older than me. My father was 36 when the US went off the gold standard. When I grew up, after a period of financial hardship, I began...
What is Money Anyway? Part 2

What is Money Anyway? Part 1

“If a money (the most salable good) is easy to create more of, then any rational economic actor would just go out and create more money for herself, diluting the whole supply of it. If an asset has a monetary premium on top of its pure utility value, then it’s...
21 Million is Non-Negotiable [Zach_of_Earth]

21 Million is Non-Negotiable [Zach_of_Earth]

“Imposing limitations on monetary goods has always required tremendous amounts of time and energy, and trust. And yet, with all our efforts, we still have been unable to fix the supply of any of the modern monetary assets of the world. Someone, somewhere, has...
The Utility of Saving [Pierre Rochard]

The Utility of Saving [Pierre Rochard]

“People hold money to hedge against future uncertainty. This is why it is so crucial for a monetary system to optimize for minimizing its own uncertainty. Bitcoin’s purchasing power is an external quantitative risk that can be insured against, not an internal...
Bitcoin Information Theory B.I.T

Bitcoin Information Theory B.I.T

“A deflationary monetary system of absolute hard money acts as a mirror for value creation. It is a compass to guide us toward a better economic path.” – Aaron Segal From Bitcoin Magazine, we hit a fantastic piece on the nature of money as a tool for...
Bitcoin is Not What you Think it is

Bitcoin is Not What you Think it is

• Money is not what you think it is • Great societies are a result of great money • Money is more foundational than language • Prices are not arbitrary • The nature of time • Money is a tool of information • Proof of work in ancient history …And so much more in...