Money is an unavoidable part of life. We earn, spend, and save money. We’re compelled to worship it and put our faith in it to meet our wants. While much has been said about money’s ...Read more
Money is an unavoidable part of life. We earn, spend, and save money. We’re compelled to worship it and put our faith in it to meet our wants. While much has been said about money’s power, dangers, and governance, little has been written on what money is and whether or not it is moral. This knowledge chasm has been used to enrich a few few, imprison millions, and sow confusion and hatred throughout the globe. What went wrong, and what can we do about it?
Thank God. Bitcoin investigates how the present monetary system is flawed and what may be done to correct it. It investigates the origins of money, as well as its corruption and potential rehabilitation. It examines how Bitcoin is addressing the flaws in our corrupt monetary system, as well as how the continuous shift to sound money offers hope to a suffering planet.
To begin with, Bitcoin isn’t some other cryptocurrency; it is the first – the “zero to one” discovery. Due to its length, network size and strength, and massive financial incentive system, Bitcoin is a unique category with no peers. While many people try to bundle Bitcoin in with other cryptocurrencies, it has attained the Schelling Point (or consensus pick) as well as the Lindy Effect (champion survivor) that distinguishes it as a unique currency.
Secondly, we learn that bitcoin has no dividend income and no capital gains. Because bitcoin is not a stock, it does not have a yield. However, not every investment necessitates the presence of a board of trustees and the payment of an annual dividend. For example, despite the fact that real estate does not provide a dividend, we believe it to be a beneficial investment. No one controls Bitcoin not even he government and there is never going to be any form of inflation whatsoever.Read less