Classical Economics in a Quantum World
No fixed supply currency has ever existed in a major economy. Bitcoin requires transaction fees to offset its halving mining rewards. Without bitcoin acting as a functional currency, the transaction fees required to sustain the Bitcoin protocol will not…
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How it started: Satoshi’s Bitcoin White Paper How it’s going: Michael Saylor is the face of Bitcoin Since 2017 when I first looked at Bitcoin, I have warned that bitcoin is a flawed currency and the Bitcoin system, based…
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It’s instructive to occasionally look under the hood of bitcoin promotion and see what’s going on there. I got that opportunity when my last post, The Bitcoin Fallacy, made its way to Bitcoin University. Matthew Kratter runs Bitcoin University. He…
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The biggest fallacy involved with bitcoin is that, with time, it will still grow into a transactional currency. By transactional currency, I mean a currency used for the widespread exchange of goods and services. In the early Silk Road days…
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Remember in 2008 when the Satoshi White Paper proposed a revolution to the financial system with the impending release of Bitcoin’s decentralized digital currency and blockchain? A digital currency that would compete with the dollar and provide an end run around…
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Hijacking Bitcoin: The Hidden History of BTC Roger Ver is a heavily influential first-generation proponent of Bitcoin. His unrelenting evangelism for Bitcoin1 earned him the moniker “Bitcoin Jesus”. Ver believes widespread adoption of Bitcoin will create a libertarian free market…
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Number go up. A lot. In April 2021, a friend invited me to attend the H. C. Wainwright Cryptocurrency, Blockchain, and Fintech Conference virtual presentation with Michael Saylor touting bitcoin. I watched the presentation and thought about writing a…
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It’s a UniParty. Regardless of who gets installed as the next President, we will get the same Treasury draining policy resulting in national decline. Around the edges, political fights for gains and losses on social and economic issues and limiting…
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Biden’s handlers have proposed increased tax rates across the board starting in fiscal year 2025. As I write this, markets are tanking. Markets will discount this economy-sapping proposal until it gets rolled back or another electable candidate counters it. In a sane…
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The POG (price of gold) is the inverse of the dollar’s value. The dollar’s value is 100 percent controlled by the Fed, which buys U.S. debt with dollars created out of thin air or sells its debt holdings to extinguish dollars….
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