① Currency is a commodity that emerges through competition.


It is not created by the government, but chosen by the market.
② The most important property of money is not payment.
It is: store of value.
③ What truly determines wealth is:
Hard Money.
④ Time preference determines civilization.
Good money shapes a good society.
⑤ Bitcoin created for the first time:
absolute scarcity. This is the first time in human history.
⑥ Bitcoin is not just an investment.
It is a new monetary system.
"The Bitcoin Standard"
Author: Saifedean Ammous
BTC1.12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned