Imo, you've made some false assumptions I recommend this book if you are genuinely interested in learning the fundamentals of Bitcoin and cryptos value proposition The Bitcoin Standard by Dr. Saifedean Ammous Every poster who I recommended that book to was a fraud and was pretending to be interested. Hope you are real in your interests but I have my doubts
BTC opened the door to POW and blockchains. Anything else is just a copy / past of it. Not saying BTC is the only legit one. Just saying they’re the same shit. Branded and sold differently. But yeah … I use none. XRP was said to be used by moneygram, But they ain’t using it neither …
It's not the original idea. Satoshi Nakamoto released the idea for Bitcoin in an obscure cryptography mailing list A p2p cryptocurrency, that is decentralized, censorship-resistant, and immutable Money that is free from government debasing On the genesis block, Satoshi recorded a headline of the Financial Times forever sealing on the Bitcoin blockchain a commentary and the implied purpose of Bitcoin “The Times 03/Jan/2009 Chancellor on brink of second bailout for banks." https://bitcoin.org/bitcoin.pdf https://www.binance.com/en/news/top/6687548
OK. I just ordered a paperback of Ammous's book on Amazon along with Satoshi's "White Paper". I have to tell you that I am very skeptical of Ammous. He is Arab educated, and that raises an immediate red flag as the ethical standards in Arab education are a world apart from those in Europe and the North American Continent. For example, it was fairly standard practice for professors in the arab world to sell their exams to students prior to an exam's administration. This is 35 year-old knowledge. I don't know if it is still going on. I have very recent information, however, coming from UAE that gives me continued concern about the quality of education in Arab nations. Ammous claims to have a Ph.D. from Columbia, that appears legitimate, however his vita evidences puffery and a complete ack of publications in standard, peer reviewed, primary economics literature. He is a young assistant professor starting his career. A concern is the absence of a legitimate Wiki profile for him, as he appears to be a popular author, but am even greater concern is what appears when one googles Saifedean Ammous. A third concern are the Amazon Reviews. Nevertheless, on your recommendation, I ordered the book. I intend to also read Satoshi's White Paper. I am very cautious of statements like "government debasing" of money. There are hundreds of governments! No legitimate, modern, well run government would choose to "debase" their money unless they were forced to. It is the nature of economies that use fractional reserve banking (a VERY good thing) to have more or less continuous small inflation as an indirect consequence of fractional reserve banking and an economy that runs on credit, and for other reasons too... This is a small price to pay for the multitude of advantages that fractional reserve banking brings. This is not "debasement".
Keynesian economics vs Austrian You already ordered the book, so you're already trapped to listening to the crap argument from the dark side I see you're a fan of fractional reserve banking, please give the book a chance, at least the first 8 chapters War seems to be an answer when fiat currencies collapse, will we have a war because of Ukraine or Taiwan or both? Who knows, but we all hope not Spoiler alert: it's discussed in the book with historical examples My kids are too young and I'm too old but still worry of the human suffering costs of war Greg Foss, an ex-bond trader of 30 years think we're in a debt--spiral Fiat currencies are being debased unilaterally across the world. It just depends on which country of the G-7/G-20 get to be assigned to print more and which ones are to print less How about clicking the video below and watch 5 minutes explaining the DXY
I will do that. But, in the meantime, I also want you to consider all the great things that are accomplished through fractional reserve banking. For example would you want to have to scrimp and save for a lifetime in order to be able to buy a house or start a business?
An insightful interview on Michael Saylor's realization of the power of BTC. He's has a great perspective from a CEO that is the last man standing in his industry.