What would happen if the world went back to the gold standard and actually backed their currencies with something of value? First, let’s examine how the gold standard came to be and how it came to be overthrown. Then we’ll discuss the why and how of a new gold standard.
2020 was not the year many were expecting when the clock struck midnight on New Year’s Day. The effects of the COVID-19 pandemic have changed so many things that it almost feels as though many years have passed in the course of a few months.
Here are the solid truths about Bitcoin compiled in our weekly News Byte for you to have a clear understanding and a strong realization to its advantages and usability applicable to the modern world we are living in today.
In this series, Aaron Koenig introduces you to the Austrian School of Economics in an easily digestable way. You don’t need to be an economist nor an Austrian to understand what Bitcoin has to do with this school of thought, which was founded in Vienna in the 19th century.
Today’s Top News Byte Crypto Dollars and the Evolution of Eurodollar Banking Although an intense short term demand, the faith in the US Dollar in its current form is drastically fading. But this might be a set back to better. The emergence of cryptocurrency-based and Fiat backed Stable coins are taking over as the medium … Continue reading The Premise of an Emerging New Monetary System →
In Part One of this series we compared Bitcoin’s stock-to-flow ratio with that of gold, the world’s traditional safe haven. We have seen that Bitcoin’s scarcity by design is one of the main reasons why it could develop into a safe haven for investors in the near future.
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