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fiat currency

(4 articles)

Fiat is the Money of Kakistocracy: The Rule by the Shittiest, and Why Bitcoin Feels Unsettling to People

We are conditioned to be governed by the worst of the worst and to accept it as the norm.

bitcoingovernancemoneyfiat currencykakistokracy

The Philosophy of Liberty (And Why Bitcoin Matters)

You can't truly own your life if someone else can print money and steal your purchasing power, freeze your bank account for wrong-think, or force you to ask permission before transacting—which is why Bitcoin matters more than most people realize. This article breaks down how Bitcoin is the Philosophy of Liberty applied to money: self-ownership through private keys, property rights through a fixed supply, and voluntary exchange through a censorship-resistant network that treats everyone equally regardless of politics, nationality, or how fancy their building is.

Here are tags for the article: Philosophy of LibertyBitcoinself-ownershipproperty rightsvoluntary exchangefinancial sovereigntysound moneycensorship resistanceinflationmonetary policycentral banksfiat currencydecentralizationindividual libertypersonal responsibilityfree marketeconomic freedomAustrian economicslibertarian philosophynon-aggression principleself-custodypeer-to-peer moneyfixed supplymathematical scarcitygovernment overreachtaxationmonetary debasementfinancial independencehuman rightspeaceful revolutionopt-out economicscryptocurrency philosophydigital property rightsbanking alternativeseconomic sovereignty

Proof of thought: How the atomic bomb and Bitcoin changed the world

The atomic bomb and Bitcoin are both technological thresholds that fundamentally reshaped human incentives—one concentrated power through fear and deterrence, while the other distributes power through mathematical scarcity and transparency. Just as nuclear weapons made global war too costly by changing geopolitical incentives, Bitcoin makes financial manipulation increasingly difficult by removing the ability to print money, tax through inflation, and control individuals' access to their wealth.

Bitcoinatomic bombtechnological thresholdsincentive structuresdecentralizationmonetary policyfinancial sovereigntygeopoliticsnuclear deterrencefiat currencyinflationtransparencyindividual sovereigntyeconomic freedomproof of workscarcitypower distributionfinancial manipulationtrust minimizationhopechoice vs fearglobal incentivesmonetary revolutionfixed supplysound moneypeer-to-peer currencydigital goldcryptographycensorship resistanceself-custodyfinancial independencepeaceful revolutiontechnological innovationparadigm shift

Why Prices Would Keep Falling Under a Bitcoin Standard

Imagine a world where prices don’t rise every year but actually fall. A loaf of bread that costs $1 today might cost $0.75 tomorrow. This sounds bizarre, almost unthinkable, because we’re so used to living in a world of inflation, where prices constantly creep up. But under a Bitcoin standard—a system where Bitcoin, a cryptocurrency with a fixed supply of 21 million coins, serves as money—this isn’t just possible; it’s likely. Let’s dive into why.

Bitcoin standarddeflationinflationfiat currencyfixed money supplyfalling pricespurchasing powertechnologywagessavingsdebtcryptocurrencyeconomic mindset