The current money system is controlled by central banks and governments. This system gave the government and bankers a lot of power. They used this power to make themselves rich.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
Bitcoin is a new solution.
It is money that can move as fast as information, is very hard to control or stop, and cannot be easily created out of thin air.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
The Hidden Tax of Inflation
One of the biggest problems is inflation, which happens when the supply of money keeps growing (about 7% per year in the U.S.).
This creates a hidden tax on everyone:You get diluted: If your boss doesn't give you a raise of 7% every year, your money buys less, and your share of the overall money network shrinks.
You have to work harder just to stay even.
The Hidden Tax of Inflation
One of the biggest problems is inflation, which happens when the supply of money keeps growing (about 7% per year in the U.S.).
This creates a hidden tax on everyone:You get diluted: If your boss doesn't give you a raise of 7% every year, your money buys less, and your share of the overall money network shrinks.
You have to work harder just to stay even.
The Rich Get Richer:
People who have easy access to loans can borrow this growing money, then use it to buy things that hold their value, like real estate.
This makes the gap between the rich and everyone else wider.
The Rich Get Richer:
People who have easy access to loans can borrow this growing money, then use it to buy things that hold their value, like real estate.
This makes the gap between the rich and everyone else wider.
How Broken Money Funds Wars
The current system allows huge conflicts, like the War on Terror, which is expected to cost $$13$ trillion. This is possible because the true cost is hidden.
Instead of asking people to pay a high "war tax," the government can pay by creating more money.
This is an opaque process called monetary debasement.
Because the consequences (like higher national debt) are delayed for decades, no one blames the leaders who started the war today.
How Broken Money Funds Wars
The current system allows huge conflicts, like the War on Terror, which is expected to cost $$13$ trillion. This is possible because the true cost is hidden.
Instead of asking people to pay a high "war tax," the government can pay by creating more money.
This is an opaque process called monetary debasement.
Because the consequences (like higher national debt) are delayed for decades, no one blames the leaders who started the war today.
The Flaws Pushed Up
The flaws in the system have been building up for decades, especially since the U.S. stopped linking its currency to gold in 1971.
Whenever the economy had a big crash (like the housing bubble in 2008), the central banks just added more and more money to fix it.
The Flaws Pushed Up
The flaws in the system have been building up for decades, especially since the U.S. stopped linking its currency to gold in 1971.
Whenever the economy had a big crash (like the housing bubble in 2008), the central banks just added more and more money to fix it.
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The Problem of Centralized Money
The current money system is controlled by central banks and governments. This system gave the government and bankers a lot of power. They used this power to make themselves rich.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
Bitcoin is a new solution.
It is money that can move as fast as information, is very hard to control or stop, and cannot be easily created out of thin air.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
The Problem of Centralized Money
The current money system is controlled by central banks and governments.
This happened because old types of money, like gold, were too slow for a fast, modern world.
When the telegraph was invented in the 1860s, information could move instantly, but moving gold still took days.
To fix this gap, countries made centralized ledgers (like banks and central banks) that everyone had to trust.
This system gave the government and bankers a lot of power.
The Hidden Tax of Inflation
One of the biggest problems is inflation, which happens when the supply of money keeps growing (about 7% per year in the U.S.).
This creates a hidden tax on everyone:You get diluted: If your boss doesn't give you a raise of 7% every year, your money buys less, and your share of the overall money network shrinks.
You have to work harder just to stay even.
The Hidden Tax of Inflation
One of the biggest problems is inflation, which happens when the supply of money keeps growing (about 7% per year in the U.S.).
This creates a hidden tax on everyone:You get diluted: If your boss doesn't give you a raise of 7% every year, your money buys less, and your share of the overall money network shrinks.
You have to work harder just to stay even.
The Rich Get Richer:
People who have easy access to loans can borrow this growing money, then use it to buy things that hold their value, like real estate.
This makes the gap between the rich and everyone else wider.
The Rich Get Richer:
People who have easy access to loans can borrow this growing money, then use it to buy things that hold their value, like real estate.
This makes the gap between the rich and everyone else wider.
How Broken Money Funds Wars
The current system allows huge conflicts, like the War on Terror, which is expected to cost $$13$ trillion. This is possible because the true cost is hidden.
Instead of asking people to pay a high "war tax," the government can pay by creating more money.
This is an opaque process called monetary debasement.
Because the consequences (like higher national debt) are delayed for decades, no one blames the leaders who started the war today.
How Broken Money Funds Wars
The current system allows huge conflicts, like the War on Terror, which is expected to cost $$13$ trillion. This is possible because the true cost is hidden.
Instead of asking people to pay a high "war tax," the government can pay by creating more money.
This is an opaque process called monetary debasement.
Because the consequences (like higher national debt) are delayed for decades, no one blames the leaders who started the war today.
The Flaws Pushed Up
The flaws in the system have been building up for decades, especially since the U.S. stopped linking its currency to gold in 1971.
Whenever the economy had a big crash (like the housing bubble in 2008), the central banks just added more and more money to fix it.
The Flaws Pushed Up
The flaws in the system have been building up for decades, especially since the U.S. stopped linking its currency to gold in 1971.
Whenever the economy had a big crash (like the housing bubble in 2008), the central banks just added more and more money to fix it.