Bitcoin can fix this. View quoted note →

On Bitcoin Treasury Companies While it is correct that Bitcoin's progress will need an institutional layer, this cannot and will not be the passive Bitcoin Treasury Company of today. These merely centralise Bitcoin as balance sheet investments, as store of value, in hope of a financial flywheel, which however will peter out when net total inflows stop. It always stops, look at history. The institutions REALLY needed are those which put Bitcoin to work in the real economy, as medium of exchange for trade and industry. This will produce sustainable Bitcoin returns and unlock Bitcoin's monetary premium for a last price increase before stabilising. This needs not some company pushing "digital credit". It needs a decentralised "Bitcoin Credit Money" layer.

Today's electoral party system is to a real democracy what a cargo cult is to aviation.

QUIZ: One of these authors fails to understand the teachings of Austrian Economics on the role of an elastic supply for a stable currency. Who is it? A. Carl Menger B. Ludwig Mises C. Friedrich Hayek D. Saifedean Ammous

In our fiat times, people do not hold gold to use it. They hold it to sell it ultimately FOR money. In the gold age, people did not hold gold to use it. They held it to spend it ultimately AS money. Now think about the coming #Bitcoin age.