King Henry VIII’s inflation scheme
With the word ‘inflation’ consistently in the news and part of our daily conversation, let’s explore the policy of Fiat currencies and a well-documented historical account of good old-fashioned currency debasement.
With the word ‘inflation’ consistently in the news and part of our daily conversation, let’s explore the policy of Fiat currencies and a well-documented historical account of good old-fashioned currency debasement.
Bitcoin miners are the dung beetles of the energy world and the ultimate waste reduction tool. As long as there is waste in the energy sector, there will be economic incentives to mine bitcoin with the energy that no one else wants or can use.
Before conquering Mars, we need to conquer outer space. For only in outer space can we have global control over the planet below, the hallmark of a Type 1 status civilization on the Kardashev scale.
Most people prefer custodial convenience over personal responsibility, resulting in bitcoin IOUs and paper-based shenanigans. And you know what? That's fine.
Bitcoin became the steady signal in the noise-filled landscape of the internet. It brought with it the possibility of peer-to-peer online commerce on a global scale. It broke down barriers, bypassed intermediaries, and allowed individuals to transact freely, securely, and without fear of censorship.
Beyond bitcoin's status as a speculative investment, there exists a compelling argument for actively wielding it, unlocking and embracing the power it bestows upon individuals and communities alike.