3 / 3 Relevant items tagged with #Fiat
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Fixing The Incentives: How Fiat Funds National Corruption
[Mar 1, 2023 10:00 AM] Governments with the power to print money on a whim can avoid accountability and pursue corrupt agendas.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with over 20 years of experience.In…
Most Americans Optimistic About Bitcoin And Crypto, Frustrated By Current Monetary System: Survey
[Feb 27, 2023 1:49 PM] Most Americans would like to see their monetary system change, according to a study conducted on behalf of Coinbase.A study conducted by Morning Consult on behalf of Coinbase examined the perceptions of the global financial system and how U.S…
BUSD Stablecoin Drops from Top 10 Crypto Assets Amid Significant Decrease in Dominance
[Feb 25, 2023 1:00 PM] After Paxos announced that it would no longer mint the stablecoin BUSD, 4.98 billion BUSD stablecoins have been removed from circulation to date. The Paxos-managed stablecoin has also fallen out of the top ten crypto assets by market…
Brazil And Argentina Don’t Need A Common Currency, They Need Bitcoin
[Feb 22, 2023 7:00 AM] Brazil and Argentina are considering a common trading currency, but that would just perpetuate the economic problems that Bitcoin could solve.This is an opinion editorial by Jack Williams, an undergraduate business administration student and…
Nigeria’s Cash Chaos Is Reaching A Boiling Point, Underscoring Need For Bitcoin
[Feb 21, 2023 3:40 PM] As Nigerians protest over the inability to withdraw cash, it should be clear that the country needs a Bitcoin alternative.This is an opinion editorial by Ray Youssef, a founder and CEO of Paxful and a founder of the Built With Bitcoin…
Fixing The Incentives: Fiat Money Fuels Broken Corporations
[Feb 20, 2023 10:00 AM] The broken incentives driven by fiat money props up large corporations, keeping workers unproductive and stifling entrepreneurial innovation.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer…
Fixing The Incentives: The Fiat Treadmill Keeps Us From Storing Value
[Feb 10, 2023 10:00 AM] By eliminating reasonable stores of value, the fiat economic system incentivizes us to seek debt, hope for luck and take on other poor habits.Bitcoin changes our mental model and we can see it in a lot of people that get into Bitcoin. Many…
Fiat Ruins Work But Bitcoin Rewards Those Who Add Value
[Jan 31, 2023 10:00 AM] How have Big Tech companies laid off so many with no consequences to their operations? Because fiat incentivizes meaningless rent seeking.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with…
Study Reveals South Korea’s ‘Kimchi Premium’ Strongly Linked to International Remittances to China
Choose Your Fighter: Bitcoin Maxis Vs. Fiat Maxis
[Jan 7, 2023 7:00 AM] Using the “choose your fighter” paradigm popularized by video games, we can compare Bitcoin and fiat and determine a winner.This is an opinion editorial by Tim Niemeyer, co-host of the Lincolnland Bitcoin Meetup. Source Bitcoin maximalists have had…
Car Manufacturer Maruti Suzuki Launches Metaverse Showroom Experience in India
[Jan 3, 2023 3:30 AM] Maruti Suzuki, one of the biggest car manufacturers in India, has announced that it is taking its customer retail experience to the metaverse. The company announced on Jan. 1, it would launch a VR (virtual reality) network for its Arena showroom…
Nvidia Projects Automotive Industry to Include Metaverse Tech in Its Operations in 2023
[Dec 12, 2022 11:30 PM] Nvidia, a graphics processing unit and artificial intelligence (AI) company, believes that 2023 could mark the start of a metaverse-driven age in the automotive industry. As part of this new conception, automotive companies will start to include…
Bitcoin Stops The Bleeding: A Sound Money System Is The Only Cure For What Ails Our Economy
[Dec 12, 2022 9:39 AM] As fiat currencies slowly bleed out in value, they are disincentivizing saving. Bitcoin is a cure for the economic calamities.This is an opinion editorial by Conor Chepenik, a Bitcoin pleb.When a doctor operates on a wounded patient, the first…
Crypto Exchange Bybit to Add New Restrictions for Unverified Users, Update Withdrawal Limits
[Dec 12, 2022 5:30 AM] Cryptocurrency exchange Bybit has announced upcoming changes to its know-your-customer (KYC) policy that will limit certain operations for unverified customers. The stricter requirements concern coin purchases with fiat money, NFT transactions, and…
Why I Quit Investing In The Fiat Ponzi And Started Saving In Bitcoin
[Dec 8, 2022 7:00 AM] The tired argument that Bitcoin is a Ponzi scheme is really more applicable to fiat, which makes it impossible for us to retain savings.This is an opinion editorial by Mickey Koss, a West Point graduate with a degree in economics. He spent four…
Stellantis Owned Fiat Launches Metaverse Store Using Touchcast and Microsoft Tech
[Dec 3, 2022 5:30 AM] Fiat, an automotive brand property of Stellantis, has launched its first metaverse-based store, which the company claims is the first showroom of its kind. The experience, which was developed with tech supplied by Touchcast and Microsoft, aims to…
Structural Adjustment: How The IMF And World Bank Repress Poor Countries And Funnel Their Resources To Rich Ones
[Nov 30, 2022 7:00 AM] The IMF and World Bank do not seek to fix poverty, but only to enrich creditor nations. Could Bitcoin create a better global economic system for the developing world?This is an opinion editorial by Alex Gladstein, chief strategy officer of the…
Bitcoin Songsheet: Fiat Money Debases Charity
[Nov 29, 2022 9:00 AM] The incentives of the fiat system have broken charitable giving, but Bitcoin offers a chance to make real impact without virtue signaling.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer with…
Bitcoin Songsheet: How Fiat Money Ruins Civilization
[Nov 17, 2022 12:39 PM] Fiat money leads to a degradation of incentives, creating a society motivated only by the consumption of resources and zero value production.This is an opinion editorial by Jimmy Song, a Bitcoin developer, educator and entrepreneur and programmer…