Latest posts from the member blogs of the Free Capitalist Network. See the Blog Directory
Latest Articles
How to Avoid Buying Trash Crypto That Wastes Your Money
- Original posted at The Bitcoin Consultancy If you can imagine a way to lose money in crypto, I’ve heard it. Since 2017, I’ve heard from thousands of victims of every crypto scam imaginable. But for every crypto scheme which is outright theft, there are ten trash crypto-assets created mainly to take your money and run. Each project has a ...more
How Fiat Money Corrupted Savings & Made Us All Market Speculators
- 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
How Fiat Money Corrupted Savings & Made Us All Market Speculators
- Originally posted at The Bitcoin Consultancy 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 ...more
How Fiat Money Corrupted Savings & Made Us All Market Speculators
- Originally posted at The Bitcoin Consultancy 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 ...more
What is Crypto Really All About?
- To the outsider, crypto enthusiasts largely look like a bunch of libertarian leaning, wanna be economists who appear to have a major axe to grind with the financial system as we’ve known it for the past 80 years or so. While there is some truth to this broad brush approach at generalizing a very large ...more
The shortages were unevitable
- What did you think would happen? 1: Lockdowns and unemployment subsidies constrain production 2: Print trillions of dollars and throw it out of helicopters 3: Consumers start spending stimulus money 4: Manufacturing shifts to the production of consumption goods 5: Producers bid up prices of production goods and labor 6: Price increases, shortages, and unfilled jobs everywhere. It has nothing to do ...more
Why aren't all economists rich?
- Why aren't all economists rich? Some are. Economics is the most common degree amongst the world's top 100 billionaires. Some famous economists such as David Ricardo and John Maynard Keynes were very wealthy indeed. However, for the most part, economists will give you a list of excuses why understanding economics won't make you rich. They are ...more
- McAllen, Texas is consistently the fattest city in America, and they are not happy about it. They can’t figure out why, as they have plenty of parks and organize 5K runs nearly every weekend. What they don’t realize is that for non-athletes, exercise has very little to do with bodyweight.The obesity epidemic is caused almost entirely ...more
Pick Your Horse: Gift or Trojan
- You are undoubtedly familiar with the idea of a “Trojan Horse,” an idiom derived from the Trojan War of Homer's Iliad. A large, hollow, wooden horse is left behind by the Greeks after their supposed failure to take the city of Troy. The Trojans take the horse back inside their city’s walls, and that night, ...more
Correction vs Crash
- Even casual crypto observers are aware of the dramatic downward price action across the crypto space over the past few weeks. This price action has market participants weighing in with opinions regarding where the crypto market stands: on the cusp of a short consolidation and follow-on breakout, or has the next cyclical crypto winter made ...more
How Many Horses are in the Crypto Asset Race?
- While Bitcoin is undoubtedly the most recognized crypto currency in the world, there are literally thousands of other cryptos in existence. While we tend to call everything in the crypto space “cryptocurrencies”, this is misleading because the only thing these digital assets have in common is that they have issued tokens that power their own ...more
Bitcoin has already advanced global privacy and financial autonomy
- If Bitcoin and other cryptocurrencies were to disappear tomorrow, what legacy would they leave behind? I can think of three main impacts: First, Bitcoin raised awareness of the flaws in fiat money, the superiority of sound money, and the potential of people to trade with each other without third-party intermediaries. Second, Bitcoin has provided a life raft to ...more
How to repair a Trezor Model T with a touchscreen swap
- I needed to perform this operation because I had a Trezor Model T with a lost recovery seed and a bad display. When I plugged it in, I saw the LCD backlight lit up, but nothing showed on the screen. I decided to fix this Trezor wallet with a component swap of the touchscreen. Note: If ...more
Stop buying fake Bitcoin wallets!
- Every day, I get 10+ Bitcoin wallets that someone "forgot" the password to. Some are worth a few Bitcoin while some have 100,000 (or more!) Bitcoin. They all have three things in common: There haven't been any transactions in a long time, like 10+ years. The password ideas are non-existent or very vague ("something with a ...more
Don't panic: why Tether won't destroy crypto
- This article by "Crypto Anonymous" claims that Tether will bring a crypto "doomsday." The author makes many good points in building his case, yet the overall conclusion is less than the sum of its parts. Here's the short version of why he's wrong: Yes, Tether creates systemic risk for Bitcoin. But the key claim that new ...more