“money printing only “works” if the majority of people don’t even realize that it is steadily devaluing their earnings and savings. People must be deceived into believing a false ideology about this practice, but that can only work for so long; as we’ve seen throughout history, bad money doesn’t last forever.” – Nik Hoffman
What determines a good money and a bad money, and what exactly does it mean for a money to have value? A brief journey through the concepts that define a money, and the history that informs how and why money becomes a tool for lies and deception to the ultimate detriment of society. Are we doomed to forever repeat the past, or can Bitcoin solve this problem and close the book on monetary manipulation? Find out in today’s Bitcoin Magazine article from author Nik Hoffman.
Check out the original at the link below to explore his other works, his monthly roundups, and of course follow Nik on Twitter:
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Published at Tue, 27 Oct 2020 21:31:00 +0000