Forwarded from Bitcoin & Lightning News ⚡️
In January 2002, the total value of physically existing euros, including banknotes and metal coins, amounted to 234 billion. Over the course of 18 years, the European Central Bank (ECB) printed new currency, multiplying this figure by more than 5 times, bringing it to 1308 billion.
Read More : https://bitcoinnews.com/tragedy-of-fiat-money/
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Read More : https://bitcoinnews.com/tragedy-of-fiat-money/
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Bitcoin News
The Tragedy of Fiat Money
Over the course of the last 18 years, the European Central Bank (ECB) printed new currency, multiplying money supply by more than 5 times, bringing it to 1308 billion. Here we discuss whether or not the central bank’s actions could be considered a robbery.
Forwarded from Bitcoin & Lightning News ⚡️
Bitcoin switching from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS) is never going to happen. Ok, article over, let’s go home. On a serious note, calls for this transformation are growing ever louder and from increasingly influential sources. Here are 3 reasons these people don’t know what they’re talking about.
Read More : https://bitcoinnews.com/bitcoin-proof-of-work-reasons/
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Read More : https://bitcoinnews.com/bitcoin-proof-of-work-reasons/
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Bitcoin News
3 Reasons Bitcoin Will Stick With Proof Of Work
Bitcoin switching from a Proof of Work (PoW) consensus mechanism to Proof of Stake (PoS) is never going to happen and here are 3 reasons why.
Forwarded from Bitcoin & Lightning News ⚡️
Bitcoin doesn’t try to change our nature. It works with nature; it’s part of nature. It is the combination of ancient wisdom and scientific knowledge.
Read More : https://bitcoinnews.com/wisdom-of-bitcoin-ancient-civilization/
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Read More : https://bitcoinnews.com/wisdom-of-bitcoin-ancient-civilization/
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Bitcoin News
Does The Wisdom Of Bitcoin Come From An Ancient Civilization?
Bitcoin doesn't try to change our nature. It works with nature; it's part of nature. It is the combination of ancient wisdom and scientific knowledge.
Forwarded from Bitcoin & Lightning News ⚡️
In Broken Money, Lyn Alden provides a fascinating analysis of how the advent of the telegraph in the mid-19th century catalyzed the transition to fiat currency. By enabling transactions to occur at the speed of electricity, the telegraph introduced a temporal gap between financial exchanges and settlement. This necessitated central banks to maintain ledger records and coordinate settlement across distances—essentially establishing the infrastructure for fiat money.
Read more: https://bitcoinnews.com/a-review-of-lyn-aldens-broken-money/
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Read more: https://bitcoinnews.com/a-review-of-lyn-aldens-broken-money/
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Bitcoin News
Lyn Alden | Broken Money
In Broken Money, Lyn Alden provides a fascinating analysis of how the advent of the telegraph in the mid-19th century catalyzed the transition to fiat currency.