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- Even if you are only marginally interested in crypto, you are likely aware of the events of the past few weeks in which the stablecoin “UST” lost its peg, resulting in a “death spiral” for both UST and the LUNA token, which is the centerpiece of the Terra ecosystem. For many in the crypto space, ...more
- On March 9th, President Biden signed his “Executive Order on Ensuring Responsible Development of Digital Assets.” This order had been anticipated for several weeks, and while highly anticipated within the crypto community, the order itself is short on specifics, long on bureaucratic jargon, and therefore subject to speculation by almost anyone who takes the time ...more
- For those new to the cryptocurrency market, stablecoins represent one of the more difficult aspects to understand. The reality of this point is further cemented when one has come into crypto because of Bitcoin or some other specific project or protocol that potentially serves as a universal ledger or universal unit of account. While the ...more
Gold and Bitcoin are fungible, durable, portable, divisible, & scarce. Both have limited acceptance today: there are few goods & services you can buy directly with gold or bitcoin.
But Bitcoin has six advantages over gold:
1: Bitcoin is far more portable than gold. You can send it anywhere in the world instantly for a trivial fee.
2: Bitcoin transactions ...more
Before the world switched to a fiat monetary system, people who wanted to build wealth kept their savings in a bank. Interest rates tended to equal the average rate of profit, which was enough for all but a small minority of professional investors and entrepreneurs.
This all changed with the move to a fiat monetary system ...more