Money
The Fiat Standard – Chapter 1
“For the reader who has become familiar with the operation of bitcoin, a good way to understand the operation of fiat is by drawing analogy to the operation of bitcoin using concepts like mining, nodes, balances, and proof of work. My aim is to explain the operation and engineering structure of the fiat monetary system and how it operates, in reality, away from the naive romanticism of governments and banks who have benefited from this system for a century.” – Saifedean Ammous
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The Speculative Attack
“My own prediction is that slow bleed has been accelerating and is only the first step. The second step will be speculative attacks that use bitcoins as a platform. The third and final step will be hyper-bitcoinization.” – Pierre Rochard
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Why Does Bitcoin Have Value?
“What Bitcoin is depends on its use as a means of storing and porting value, which in turn rests on secure titles to ownership of a scarce good.” – Jeffrey Tucker
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Lies, Deception, & Unnatural Money
“Money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever.” – Nik Hoffman
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Masters & Slaves of Money – By Robert Breedlove [full]
“Money is a tool for trading human time. Central banks, the modern-era masters of money, wield this tool as a weapon to steal time and inflict wealth inequality. History shows us that the corruption of monetary systems leads to moral decay, social collapse, and slavery. As the temptation to manipulate money has always proven to be too strong for mankind to resist, the only antidote for this poison is an incorruptible money — Bitcoin.”
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Accepting Scarcity, A Bitcoin Meditation
“ignorance or delusion is one of the three causes of our suffering (the other two are attachment and aversion). So when we are deluded about reality, we perpetuate suffering. When we are aware of reality as it is, we avoid suffering.” – Reed Wommack
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The Root of Money?
“Rearden heard Bertram Scudder, outside the group, say to a girl who made some sound of indignation, “Don’t let him disturb you. You know, money is the root of all evil – and he’s the typical product of money.”
Rearden did not think that Francisco could have heard it, but he saw Francisco turning to them with a gravely courteous smile…” – Ayn Rand
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Masters & Slaves of Money – Part 2
“When we stop conceiving of central banking as an economics story, and start to see it as a crime story, we are beginning to get the true picture.” – Robert Breedlove
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