Tag: money

Debt: Bitcoin Is Not A Return To Stateless Money, It Is the First

coiner

I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods and services directly for each other, and money naturally arising as a result of the problems inherent in this. Graeber eviscerates this narrative looking at anthropological history. Primitive communities simply shared their resources freely with…

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Proof of Reserves: Show Me the Money, Or It Didn’t Happen

coiner

If we claim to be an improvement on traditional finance, we had better start playing the part. It’s clear how Bitcoin fixes rampant monetary discretion. It’s clear, too, how Bitcoin changes your relationship with money—both financially because you’re more inclined to save an appreciating asset—as well as physically because you can do novel things like hold the GDP of a small island nation on a USB. There is one thing, however, that is slowly gaining acceptance and needs to be accepted if we are to truly improve on the mistakes…

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FBI Warns Against Using Unregistered Cryptocurrency Money Transmitting Services

coiner

The Federal Bureau of Investigation (FBI) has issued a warning about using unregistered cryptocurrency money transmitting services that fail to comply with U.S. anti-money laundering laws. The agency has provided tips for the public to protect themselves, advising them to avoid providers that do not require Know Your Customer (KYC) information. FBI’s Crypto Warning The […] Source link

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Fiat Is Artificial Money And Bitcoin Is Natural Money

coiner

I attended the Bitcoin Freedom Festival in Uvita, Costa Rica from January 18th through 20th. It was a unique event that was unlike any bitcoin gathering I’ve ever attended. There were over 30 speakers during the festival so I won’t try to cover each but there was one session that stood out and it involved a panel of indigenous women all who spoke through a translator. This panel said two things on the final morning which captured the essence of the festival. First, she made it clear they were guided…

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What is Soft Money? Definition, Comparison to Hard Money

coiner

Soft money is considered through two different concepts. Firstly and generally speaking, it’s a type of money, like paper currency or fiat money, that stands in contrast with hard money. Hard money has physicality, like gold, silver or any other metal-coined money, or it is hard coded to be scarce, like bitcoin. Soft currency is often used instead of soft money, they are interchangeable in the economic sense as they both refer to a currency that is not backed by a tangible commodity and whose value is based on government…

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What do crypto exchanges really do with your money? – Cointelegraph Magazine

coiner

So, you’ve deposited some cryptocurrency onto an exchange. You expect that these funds will be held in your name as a liability, with safeguards in place to make sure that you can withdraw them when you wish. However, this is not necessarily the case. Sitting down with Magazine, Simon Dixon, CEO of global online investment platform BnkToTheFuture, warns that the murky lines between regulations in the crypto industry mean that customers must be extremely cautious about where they stash their crypto. “[The cryptocurrency industry] was created by businesses that want…

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Copernicus’ Lost Secret: The Quantity Theory Of Money

coiner

This is an opinion editorial by Bitcoin Graffiti, a software developer and graffiti artist. Source “Those things which I am saying now may be obscure, yet they will be made clearer in their proper place.”  –Nicolaus Copernicus In the annals of history, Nicholas Copernicus is celebrated as the groundbreaking astronomer who toppled the geocentric view and unveiled the heliocentric model, placing the sun at the center of our solar system. However, there is a lesser-known facet of Copernicus’ genius that remains shrouded in obscurity: his profound contributions to monetary thought.…

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Bitcoin Is More Than Money, It’s A Tool For Self Transformation

coiner

This is an opinion editorial by Heliand, a Bitcoiner with a background in real estate and finance. In the realm of digital currencies, Bitcoin has emerged as a groundbreaking phenomenon, revolutionizing not only the financial landscape but also the way we perceive and interact with money. However, beyond its potential for economic empowerment, Bitcoin holds a deeper significance that transcends material gain. It can be viewed as a catalyst for personal growth and spiritual transformation, offering individuals a unique path toward self discovery and enlightenment. In this essay, I will…

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Better Money For Better Journeys: How Bitcoin Has Improved The Way I Travel

coiner

This is an opinion editorial by HodlingCarla, an avid traveler and Bitcoin advocate. Few things get me as excited as visiting a new corner of the world, and my passport can attest to that. I’ve visited 45 countries, lived in nine and covered all continents except Antarctica. After years of globetrotting, I thought that part of my life would have been over by now. But just when I began to feel the desire to settle down and set roots, something happened: I discovered Bitcoin. My life, then, was radically changed.…

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Follow The Trends: Bitcoin Is On The Path To Becoming The Money Of The Future

coiner

This is an opinion editorial by Didar Bekbauov, the founder and CEO of Bitcoin miner hosting company Xive. The financial industry as a whole is continually shifting toward the digital space, with the global digital payments market generating almost $100 billion in revenue last year, with projections to reach $303 billion by 2030. The penetration rate of digital payments among general consumers is also growing, as a McKinsey survey from 2022 found that nearly 90% of U.S. residents are using some form of digital payments. And the Bitcoin market in…

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