Showing results for tag "fiat-currency"
Any one of a dozen or so events could send the U.S. economy into a complete tailspin.
In 1014, Maximilian Bern thought he had it made…
At some point it’s gonna be curtains for all these worthless little pieces of paper governments around the world have forced people to use as money.
Bitcoin flourishes in times of dire uncertainty. Indeed, it was forged in the crucible of the 2008 financial crisis.
Bitcoin lets you escape the matrix… the financial prison that governments have erected with fiat currencies, central banks, and privacy-killing regulations serving as the bars on the door. It’s like a Swiss bank account in your pocket.
Never before has so much fake money created so much fake prosperity and faked out so many people.
Cryptos are in a secular bull market that will last at least another ten to twenty years. Even now we are still at the very beginning. You don’t depend on anyone else for the safekeeping of your funds. You are the bank.
An honest banker should no more lend out demand deposit money than Allied Van and Storage should lend out the furniture you’ve paid it to store
We had never previously spent even two minutes thinking about Turkey or its finances. But then, after the president roused our curiosity, we saw what we think was a glimpse of the future.
It’s a very good thing that coins in the crypto world must sink or swim based on their own merits, that there is no “lender of last resort” on standby to bail them out if they misbehave.
On the one hand you have an enormous, bloated welfare state offering handouts to anyone who crosses their border. On the other, there are desperate people who, while they may well be suffering a real humanitarian crisis, will tend to go to whichever place proffers the richest gifts.