Recommending to my book club.
"Central #banks and international institutions like the International Monetary Fund have overstepped their mandates by directing the flow of epic sums of fabricated #money without any checks or balances."https://twitter.com/nomiprins/status/991284076349927424 …
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"Take printer out of the box and place on table with the 'out tray' facing the window" https://www.youtube.com/watch?v=j2AvU2cfXRk …
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Choose one: Rule of law, or rule by monetary authorities? http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.172.5777&rep=rep1&type=pdf …
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Your binary choice is rejected. We choose "Rule of Math" in the form of Bitcoin.
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Since Bitcoin payments are voluntary contractual arrangements, a Bitcoin system falls under Rule of Law as I understand it.
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This is not true. Math is not Law in the Legal Statute or Common Law sense, which is what "Rule of Law" normally refers to. And if anyone were to claim that it falls under Law of Nature, that would be an unacceptable stretch from Rule of Law.
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in other word,
#cryptocurrency will reach an epic value (in fiat) due to that fabricated#money ;) - 1 more reply
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Any other book recommendations?
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Fabricated money is speculating on future added value of growing amount of healthy, intelligent people. Maybe unethical but not irrational
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Unsustainable
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Fiat money is an expression of peoples willingness to go into debt to gain an edge on others. For example the best sportsteams have also the highest debt.
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It it available in bookstores?
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Bitcoin could be the balance
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Congrats, Nick!
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You mean by directly promoting it?
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