by Guy | Jul 18, 2022 | Bitcoin, Fundamentals, History, Money
“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...
by Guy | Jul 17, 2022 | Bitcoin, Fundamentals, Money
“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...
by Guy | Jun 16, 2021 | Technology
“A network effect is an attribute of a company or other system such that as more people use the network, the network becomes exponentially more valuable for each user. It’s one of the strongest economic moats that a system can have against competitors.”...
by Guy | May 26, 2021 | Culture, Finance
“deflation is the natural order of a productive economy. If we were using a hard money standard like gold, for example, we would expect products to get cheaper over time relative to the value of our golden money, thanks to technological and productivity...
by Guy | May 25, 2021 | Culture, Finance
“Quantitative easing (QE) occurs when central banks, such as the U.S. Federal Reserve, create new money to buy government bonds or other securities. Some people fear that it will cause high inflation or even hyper-inflation and that it is essentially...
