cryptonomics | the economics of crypto-markets
Description: The Political, Social, and Economic Impact of Bitcoin
When I first started writing this blog, the price of a single bitcoin was around $230 or so. Today the price of a single bitcoin is beyond $17,000 along with a whole slew of new financial assets that have been created by no governments or bankers; but by cryptography, computers, and coders alone.
This new kind of money serves not the interests of the banking and corporate elites, or the corrupt government ministers who kowtow to them; but the people who control them alone.
We have seen Bitcoin become the most valuable financial asset in human history despite all of the harping of bankers, economist, and purported ‘experts’ of finance, economics, and money. They have declared bitcoin are a scourge, that it is ‘rat poison’ and is something to be detested. They say that bitcoin is a grievous wound against all of society, and it must be destroyed. Again and again we hear from them that bitcoin is a bubble, that it has no social value, and that it is going to ‘crash’–and yet we
cryptonomics | the economics of crypto-markets