Just a few years ago the fall of the US dollar was a fringe idea. Nowadays articles about the imminent collapse of the dollar are published nearly every week. With trillions being created in Washington, this seems to be certain. …

Bitcoin was invented as equitable money that would be created and controlled by the people. However, with over a decade after the invention of bitcoin, we see that instead of being created by the people, bitcoin is created by a few massive mining farms using megawatts of electricity. This process…

The global monetary system is falling apart. The Federal Reserve has dropped the reserve requirement to zero and is now buying junk bonds. This is a golden opportunity for cryptocurrencies to move into the mainstream. The question is, are they capable of performing at least as well as fiat money…

Bitcoin was invented as a test for a decentralized Peer-to-Peer payment system. Since then much effort was made to improve the idea, however none have produced a functional currency. The reason for this is that cryptocurrencies have fundamental problems. Cryptocurrencies have an indeterminate value which is why they are only…

The economic theory describes deflation as a decrease in the general price level of goods and services, and that it occurs when the inflation rate falls below zero. Then the theory describes causes of deflation and its terrible consequences. However, this theory is only true for the current monetary system…

Bitcoin was invented in 2008 as an attempt to create a decentralized Peer-to-Peer Electronic Cash System. This goal was achieved, and since then many improvements were made. Despite all this, cryptocurrencies remain technological curiosities incapable of competing against the established fiat currencies. The reason for this is that cryptocurrencies…

Money started out as intermediate goods involved in a transaction that otherwise would have been barter. As intermediate goods, money had to be valuable, portable, and divisible. This is how a measure of gold or silver came to be used as money. Eventually, coins were devised to standardize the…

A monetary system is the set of institutions by which money is maintained in an economy. At a minimum, this system must provide means for maintaining accounts, performing transactions, resolving disputes, as well as making and servicing loans. While money provides the means for implementing such a system. The primary…