"The greatest trick that central banks ever pulled was convincing the world that individuals must perpetually take risk just to preserve value already created (and saved). It is insane, and the only practical solution is to find a better form of money which eliminates the negative asymmetry inherent to systemic currency debasement." - Parker Lewis
Let the Gradually, Then Suddenly series never die! Installment #17 comes to us in the 2020 edition of The Bitcoin Times. Parker Lewis hits it out of the park again with a piece detailing the process by which our monetary system has led to a massive, bloated, and over-financialized economy, forcing people to fight just to keep the value they already earned.
"Bitcoin is the Great Definancialization"
https://medium.com/the-bitcoin-times/bitcoin-is-the-great-definancialization-65b4c27a8371
Don't forget to check out the graphics in the piece above and drop some massive applause, also explore the other brilliant pieces in the newest edition of The Bitcoin Times.
https://sites.google.com/getamber.io/thebitcointimes/
A huge Thank You to the Bitcoin Audible Sponsors:
Hexa Wallet - Mobile wallet, seedless, batching, custom fees, multiple accounts & more (guyswann.com/Hexa)
BitBox - Minimal, user friendly, secure, Swiss made, open source, hardware wallet (guyswann.com/BitBox)
LVL.co - The first Free, no-fee exchange & Bitcoin banking services!
If you missed the insanity that happened during the "Block Wars" that extended from 2014 all the way to late 2017 with the split...
"Money facilities a system — the economy — that is too complex, too unpredictable and too uncertain to be modeled or reduced to neat...
If you were looking for a succinct summation of the philosophy and to understand why we are so avid about using Bitcoin, encrypting our...