Learn About Money, Bitcoin and Decentralized Finance
Bitcoin has traditionally been seen as the realm of nerds and hackers. But the fact is that businesses can get a lot of benefits by accepting Bitcoin in return for providing their goods and services. Here are a few of the reasons why businesses should start accepting Bitcoin.
Bitcoin first appeared in 2009 as a novelty. It wasn't long before it became a toy. Then hedge funds and serious investors began to take notice. More and more often, the applications of Bitcoin take on a maturity that makes its previous lives seem very quaint. Where does the world stand on the adoption of Bitcoin?
According to Ludwig von Mises, the boom of the “Roaring Twenties” was the result of the US Federal Reserve Bank and its policy of easy credit. When it became obvious that the economic boom was built on sand, the economy crumbled.
We often hear about the national debt and the staggering amount of money it represents. But it’s not like we get a bill for it. We don’t directly pay our country’s debts, so the number doesn’t really hit home for us. That begs the question, how does your country’s debt actually impact you?
Bitcoin revolutionizes the financial system like never before. The ability to process a payment transaction has never been easy, with almost low to no fees at all. Bitcoin does not require a third party to process transactions and does not rely on trust or to anyone with central control as it is decentralized in nature.
When a recession hits, it can have devastating consequences not only for business owners and their employees, but anyone with a nest egg or even a little savings out away. How can you preserve your wealth in a time of economic upheaval?
Originally, banknotes were nothing else than receipts for gold or silver that were stored safely in a bank vault. Carrying heavy coins was not very practical and quite unsafe, as street robbers could easily assault you.
Money has been an expression of value divisible in nature, durable, transportable, and scarce. Any object that carries these attributes can be called as money when used as a medium of exchange.
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.
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.