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satoshin • May 30, 2017, 11:49 am EDT

Skyrocketing bitcoin is more than just an investment — it could help the world, says investor

Bitcoin, the cryptocurrency that has been on a tear of late, is not only an attractive investment, but it is also a potential solution to easing a strained global financial system, according to a top money manager. The current debt-based market with unlimited supply and limited borders, allows for “too much quantitative easing,” which is behind the problem of “too much debt and too little growth,” according to Rainer Michael Preiss, executive director of Taurus Wealth Advisors. And that, he said, is where bitcoin comes in. Adam Jeffery | CNBC Denarium Bitcoins. “Governments are potentially having long-term issues with debt

2 minutes

satoshin • Feb 27, 2017, 7:40 am EST

The Economics Of Bitcoin – Why Mainstream Economists Lie About Deflation

As many of my regular readers know, I’ve already written a few articles on Bitcoin that explain why it is money. In those articles I have addressed why the inherent properties of Bitcoin give it value as a medium of exchange. One of those properties that I mentioned, but did not go into very deeply, is the deflationary aspect of the currency system. Bitcoins are inherently deflationary as a currency because they will eventually top out in the number that can be produced. Eventually total Bitcoin circulation will reach about 21 million coins, and after that, no new coins can be created.

1 minute