One of the top misunderstandings in bitcoin is that you don’t need to buy a whole bitcoin. Unit bias and all that, you can just get a fraction. Cool, got it. Then what? Then people learn about bitcoin being a scarce asset. Only 21 million bitcoins will ever be minted, Read more…
On this very special episode of the Bitcoin Magazine podcast, @ck_SNARKs is joined by @LudiMagistR to discuss why #Bitcoin is 1,000-times bigger than digital gold. One of the most important, yet double-edged, narratives out there is that “bitcoin is digital gold” because there’s a finite amount of bitcoin that is Read more…
After a tweet by Keynesian economist Frances Coppola, I got to thinking out loud. Meaning on twitter. So we had a short discussion about gold and bitcoin. @Frances_Coppola What history does show, actually, is that gold standards and similar fixed-supply schemes all fail. They don’t last thousands of years, or Read more…
I don’t pretend to know much about gold. In fact, I’m learning in the open right here on this blog. I received a newsletter from zerohedge.com that basically reads as follows: Sharp Gold Investors Will Saddle Up For What Could Be A Wild Ride Higher Investors who focused on huge Read more…
There’s been a lot of debate between goldbugs and bitcoiners. I’ve watched a couple of videos, one with Michael Saylor, one with Robert Kiyosaki. We’ve had a nice talk on Twitter on this thread: Stanley Druckenmiller, legendary investor, on #Bitcoin Atom: “the way I’v always looked at gold”. More and Read more…
From Mises Institute https://mises.org/library/how-governments-killed-gold-standard 05/28/2021Joseph T. Salerno The historical embodiment of monetary freedom is the gold standard. The era of its greatest flourishing was not coincidentally the 19th century, the century in which classical liberal ideology reigned, a century of unprecedented material progress and peaceful relations between nations. Unfortunately, the Read more…
The news announced that: Reversal of money flows: Big institutional players exit crypto and turn to gold, says JPMorgan. https://www.kitco.com/news/2021-05-19/Reversal-of-money-flows-Big-institutional-players-exit-crypto-and-turn-to-gold-says-JPMorgan.html It might make sense for investors to shy away from the volatility of Bitcoin. But here’s another argument: You’ll often see charts from Weimar Germany of gold priced in the Read more…
After reading the Bitcoin Standard, the part that shook me the most was the following realisation: Hard money makes wars inefficient, whereas soft money makes them bloody and endless. If anything, the takeaway from every thing Seifedean Ammous says should be the following. I’m using a thread reader app to Read more…