This is a very short note that gets to the essence of the what and why of bitcoin. Bitcoin is an elegant combination of 3 attributes and there are 4 broad groups of people who find it valuable. The 3 key attributes: 1. A digital protocol for exchanging and settling value on the internet Fiat … More What is bitcoin and who needs it?
2020 Sound Money Recap In 2020 we established that “sound money is the challenge and opportunity of our lifetime.” Central banks have pursued aggressively loose monetary policies since the 1970s, trying to solve every problem, social, economic, political or financial, with lower interest rates and debt. They’ve ignored the consequences like deteriorating economic growth, falling … More Sound Money Monthly: (ed. 6) Invest capital into a sound future
Bitcoin’s detractors often refer to it as a speculative asset. This is partially true – an investment in bitcoin involves a speculation on an inherently uncertain future. But the connotation implied by ‘speculation’ is often unhelpful because it associates bitcoin with fly-by-nights who are merely trying to make a quick buck. In this article I … More Embracing Speculation: High-probability potential in a speculative world
TLDR: Central banks positioning themselves as a solution to climate challenges is dangerous. They’ve promoted unsustainable debt fueled consumption for 50 years. Consumption is great but it needs to be based on production otherwise it’s unsustainable and bad for the environment. Micro level policy is futile while unsound money remains. Sound money is the environmentally … More Sound Money Monthly: (ed. 5) Central banking is an environmental disaster
TLDR: The foundations of social trust are being tested. Our unsound monetary system with its negative consequences is a driver of this trust deficit. Communities that adopt sound money assets take a proactive step towards trustworthy relationships and away from the insidious consequences of unsound money. Youtube summary video: Trust – there’s simply not enough … More Sound Money Monthly: (ed.4) Where can we place our trust?
Have you ever wondered why it’s challenging to buy a house and save for your family’s future? Debt and its unequal impact on wealth is the focus of this edition of the Sound Money Money. TLDR: Debt is driving wealth inequality. Society will remain at loggerheads until the short-term policies which encourage debt growth are removed. … More Sound Money Monthly: (ed. 3) Debt’s unequal impact on wealth
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