Bitcoin Can Be The Undoing Of Inequality


This is an opinion editorial by Andrew Hetherington, a contributor to Bitcoin Magazine.

Since the Nixon Shock of 1971, wealth inequality has soared to levels not seen in over a century. The dollar was no longer redeemable for gold but was instead backed only by faith. Without the limitations of a backed currency, those in power were given the opportunity to create as much fiat currency as they desired, with little to no consequence. Destined to lose faith due to abuse, fiat currency was doomed from inception.



Source link

Related Posts

Ripple Labs Is 'Interested' in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says

Ripple Labs Is ‘Interested’ in Bankrupt Crypto Lender Celsius and Its Assets, Company Spokesperson Says – Bitcoin News

According to a Ripple Labs spokesperson, the distributed ledger company is interested in learning about the bankrupt crypto lender Celsius and its assets. When Ripple’s spokesperson was…

The War On Financial Privacy Is Escalating - Bitcoin Magazine

The War On Financial Privacy Is Escalating – Bitcoin Magazine

The below is a direct excerpt of Marty’s Bent Issue #1248: “The privacy wars have escalated.” Sign up for the newsletter here. The U.S. Treasury decided to…

Manilla Finance - The Next Big Thing in Blockchain, Almost Ready for Launch

Manilla Finance – The Next Big Thing in Blockchain, Almost Ready for Launch

The 21st century is described by many scholars as the Golden age, where every aspect of modern-day society is driven by technology. Distributed Ledger Technology, which many…

Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation

Bank of England Analysts See Crypto Having Important Roles in the Metaverse — Discuss the Need for Regulation – Metaverse Bitcoin News

Bank of England’s analysts say crypto assets could have important roles within the metaverse. “Widespread adoption of crypto in the metaverse … would require compliance with robust…

Vinteum logo

Vinteum Will Train And Sponsor Bitcoin Developers In Brazil And Latin America

The planet needs Vinteum because “we need developers from all over the world to build this global internet-native money.” What is Vinteum? In the post announcing the…

ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform – Press release Bitcoin News

ReadON Completes $2M Seed Round to Build a Decentralized Content Distribution Platform – Press release Bitcoin News

press release PRESS RELEASE. ReadON (readon.me), a company that aims to provide users with a brand-new content consumption experience by utilizing blockchain, completed its seed investment round…

Leave a Reply

Your email address will not be published.