Fiat Money Is Babel, Bitcoin Is Clarity



Come, let us go down and confuse their language so they will not understand each other.-Genesis 11:7

The curious task of economics is to demonstrate to men how little they really know about what they imagine they can design. -Friedrich August von Hayek

A price system is an information exchange network. It works best when built on top of a globally-shared neutral monetary medium. The more complex society becomes, the more pressing the need for a neutral monetary standard that doesn’t introduce noise into economic signals.



Source link

admin

Read Previous

Salvadoran President Nayib Bukele Says Citizens Paying for Gas With the Chivo Wallet Will Get a Discount – Bitcoin News

Read Next

Visa Launches Layer 2 Payment Solution for CBDCs and Stablecoins

Leave a Reply

Your email address will not be published. Required fields are marked *