Posts Tagged
‘Fiat Currency’

Out of all the mainstream hysteria about crypto that we have heard in 2017, one question of the utmost importance often goes unasked: why now, and what is happening to fiat currency? Bitcoin has existed since 2009. There have been many ups and downs between then and now. But nothing like what 2017 brought. The […]

Authored by Joseph Young via CoinTelegraph.com, According to Stefan Molyneux, a highly regarded Canadian podcast host, it is more important to recognize the free fall of fiat currencies, more so than to acknowledge the exponential growth rate of Bitcoin. Molyneux says: ‘It’s not so much that Bitcoin is going through the roof – it’s that […]

One of the most durable claims of cryptocurrency skeptics is that “governments will ban bitcoin once it threatens their fiat currency or their control.” Ben Bernanke recently gave voice to this claim as if it was received wisdom. Sorry, crypto-skeptics: Japan just killed the “bitcoin will be banned” meme. Japan has established itself as the […]

Venezuela’s worsening economic collapse has created something of a social experiment in the use of a digital currency as a de facto currency – a phenomenon that’s also playing out in troubled Zimbabwe. According to TheNational.ae, bitcoin adoption in Zimbabwe is seemingly skyrocketing as the country’s economic situation looks bleak. So much so, that one […]

The United States (and the world) has been using the worthless fiat federal reserve note that is not backed by any true tangible asset. The only backing is not even the ‘full faith and credit of the United States government,’ because the government is too far in debt to have any credit. Faith disappeared a […]

In a day in which everyone, including the BIS, appears to be talking about cryptocurrencies after last week’s China-induced crash, here is one of the more insightful takes on the future of cryptocurrencies, and how thay fit into the existing/legacy fiat system, courtesy of the latest Sunday note by One River Asset Management’s Eric Peters. […]

For the past couple of centuries technology empowered the state, put more things under its control. They have ultimate custody of all your financial assets, and custody is nine-tenths of the law. You simply can’t hold $1M in financial assets in a form where ‘The Man’ can grab it if he finds you an enemy […]

For those who can’t quite reconcile the Chinese government’s tentative acceptance of bitcoin and other cryptocurrencies with the inherently anarchistic principles espoused by bitcoin’s creator, here’s yet another clue to support the theory that the Chinese government has decided to tolerate and regulate digital currencies in hopes of learning how to apply the technology to […]

The reason I’m so much fun at parties is that my idea of a good time is to lecture everyone on cryptocurrency. I can pretty much talk bitcoin and blockchain with Hamiltonian fervor all night. Ever since I began writing about cryptocurrency in general in 2013 – I believe this story I wrote for Esquire […]

Two years ago, Bitcoin was considered a fringe technology for libertarians and computer geeks. Now, Bitcoin and other cryptocurrencies, such as Ethereum, are gaining mainstream adoption. However, mainstream adoption has been propelled by financial speculation instead of by demand for a privately minted and deflationary medium of exchange. After the Fed’s rate hike this week, […]