cryptonomical

New article on cryptocurrency and inflation? Idk, I was bored and thought I’d try and educate...

Enjoy:

We believe that money supply should not be fiddled with by central banks or corporations, but set in code. With this, the idea that one firm/entity wield’s the power to devalue the people’s hard earned capital is wrong.

We believe that every human has the right to be bankable. To be able to send/receive and trade throughout the globe without the need to rely on a “trusted” third party.

We believe that payments must must move seamlessly through the globe, creating global growth. Providing the ability of

We believe that you have the right to access a global super computer. Even if you lack capital to build one.

That each and every citizen of earth has the God given right to choose their currency(ies).

That the transparencies of these new world digital currencies will be in the code, fully democratized. Giving the power of financial freedom back to the people, and out of the hands of misguided individuals.

We believe in the good of crypto, and not in strippers and lambos (we also refrain from passing judgements).

We do not believe in greed, but the power of financial empowerment to all.

The government wants you to feel like they are the only way to protect you against fraud in the crypto sphere. This is false. If they regulate, then it will build barriers of entry to other unique blockchain ideas. Do not ask for governmental intervention. You are the only one who can protect yourself from fraud. Don’t buy into scams. Don’t ask for government. Companies asking for regulation want help eliminating competition.

There are so many coins out there it might be overwhelming to pick a few to like.

Dogecoin should be considered. It has a great network, meaning it is VERY safe and secure.

Super fast TX times, even when compared to Litecoin.

Super cheap TX.

Great community that has come together to bring clean drinking water to those in need as well as helped athletes go to the olympics.

It is so rad that a group of devs want to fork it.

It is also working to solve Ethereum’s biggest scaling issue.

Dogecoin has more room to grow than Bitcoin, and it meets all of the criteria (plus more) than the other cryptos.

Low TX fees.

Quick TX times.

It is:

FAST

CHEAP

RELIABLE

SAFE

AND HAS A GREAT TIME.

*Devs are also working on using Dogecoin to solve Ethereum’s biggest scaling problem.

The reason that a USD backed cryptocurrency isn’t good is because it fails to provide the best thing that cryptocurrencies provide: a hedge against inflation/hyperinflation.

Aside from reducing friction cause by third parties, the best thing about (most) cryptocurrencies is that they protect us from our central banks.

PoW is needed in crypto as running a mining farm has expenses that are required to be paid. PoW leads to mining businesses competing and adding security to the crypto network. A miner must pay pay taxes, and energy costs to maintain miners. In a PoS, the holder of the coins has more incentive to hoard their coins versus spend.

Thoughts on past and present bubbles, hope it is a good read!

Decent read on currencies. USD, Bitcoin, and Altcoins. Most read of the month:

not old, but not new post on money. STILL RELEVANT.