Money

Comparing fiat to Bitcoin monetary system

Engineers like to optimise things. It is one of the ways they express their identity. So, for example, if you give one a coffee machine, they would grumble about how much of the coffee bean pulp is wasted, the leaked milk, the wasted power …

There is an ongoing debate between gold bugs and bitcoiners about the “intrinsic” value of either money? Goldbugs fervently argue that only gold has intrinsic value, and Bitcoin does not have “intrinsic” value. Thereby its value should be …