What is money?
The below list are the defining characteristics that make up for a stable and dependable monetary good:
Inflation and wealth destruction.
"The truth is the wealth you’ve accrued in state-issued currency is losing its value every single year. Every single year...Inflation is a monetary phenomenon, not a price phenomenon."
Memes can speak a thousand words.
A critique of CPI.
"In short, electronic, technological and digital goods are inherently deflationary. It is commonly argued these things are far overweight when calculating CPI, leaving for a distorted view of reality, and, to this end, I very much agree."
Wealth inequality in the fiat system.
"Our current economic system creates perverse incentives and misallocation of capital; both sides of the argument are simply trying to navigate this broken economic system."
Bitcoin fixes this.
"Bitcoin is global money. The human rights issues we’ve analyzed from inflation, confiscation and censorship are a global phenomenon. Bitcoin is fighting to solve some of humanity’s biggest problems (whether everyone knows it or not) — join the fight."
Read more about all of this in "Bitcoin: Solving The Elusive Monetary Problem" written by @bitcoinunitesus!
bitcoinmagazine.com/culture/bitcoi…
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