The Market Always Wins
Thoughts on Free Market action and concepts. Looking to the present, past and future. Innovative competition, investment opportunity, technology, policy, and free trade.
The world economy is in dire need of a reset. Age old institutions, and status quos have been propped up by unnecessary intervention and bailouts for too long.
There are no surprises seeing the price fluctuations of Bitcoin, Ether, or any other token. After reaching higher and higher prices it’s only natural; if you examine networks, there are price/value corrections.
Today we highlight a company with one of the largest presence of any crypto exchange, and being the only to be publicly traded as a crypto medium: COIN, or Coinbase.
“The power to tax involves the power to destroy . . . “ -Former Chief Justice John Marshall, in McCulloch v. Maryland, 17 U.S. 4 Wheat. 316 316 (1819)
BTC is the key to a corruption free economy for some countries, to others it is a beacon of prosperity and hope for all.
We have seen retail investors take some big names on Wallstreet to the cleaners. It seems day by day, more people are pushing towards the world’s biggest institutions.
Freedom isn’t free. It comes with a cost. A very weighted cost. Whether the lives lost in wars, or risks and sacrifices made to pursue a life where opportunity and prosperity abound.
We must build a habit of appreciating the people who have sacrificed so much for a cause greater than themselves. Appreciation goes far beyond remembrance and being thankful for their sacrifice and the outcome of it.
Thinking of investing in gold, silver or perhaps another precious metal in 2021? Perhaps, the fact that your money is worth more than eight times less than it was in 1966, may cement your decision.
How sustainable is Bitcoin? How does it compare to the alternatives? We took a look at the resources required for certain systems that are already in place: Fiat, Bitcoin’s PoW, and PoS
The blockchain networks discussed here are operating on a PoS (Proof of Stake) system, differing from the PoW (Proof of Works) operations behind the BTC chain.
“The governments of the world have spent hundreds and hundreds of trillions of dollars bailing out a decaying, dickensian, outmoded system called banking, when the solution to the future of finance is peer-to-peer.
With both digital and physical money in the mix, amongst ~180 different currencies worldwide, Not to mention the thousands of banks across the world; Fiat currency clearly consumes tons of resources (literally).
Yellen along with several other financial experts have also expressed concerns with the deregulated peer to peer fashion which crypto currency network functions on.
US coinage still is bereft of precious metal. And, still, the only thing backing it is “This note is legal tender for all debts, public and private.”
