The Better Money Blog🇩🇪
Money is first and foremost a technology and humanity has had many different forms of money over the course of history: Fiat currencies, gold, silver and sea shells are all examples of differenet money technologies, which have come and gone. We are experiencing a new form of money emerge in digital form.
This new money is entirely digital and ledger based, just like most fiat currency is as well. Opposed to fiat currency, the emerging money technology has superior properties. The two biggest players in the space are Bitcoin and Ethereum. This article explores, which of the two is the better form of money.Read more
This blog post explains the pros and cons of storing bitcoin on an exchange and compares them with self-storage. What is easier? What is more convenient? What is safer? I go through these in detail. Exchange storage is convenient but comes with certain risks. Funds can be lost via phishing attacks, in hacks or via theft through rogue personnel. Mastering bitcoin self-storage removes these risks and is therefore the safer option but comes with a different set of challenges.Read more
Bitcoin is mischaracterized frequently. That's understandable, because bitcoin is a very complex subject. Recently, author Nassim Taleb has called bitcoin an "open Ponzi" scheme, which is why I decided to write about bitcoin through the lens of the Ponzi scheme, asking (and answering) the question: Is bitcoin a Ponzi scheme?
Bitcoin does not fit the definition of a Ponzi scheme. A guaranteed return with little or no risk is a crucial part the Ponzi scheme definition and bitcoin comes without such a guarantee, no matter how you slice it. Traditional money fits the Ponzi scheme definition much better as we shall explore.Read more
Bitcoin can be a controversial topic in the press. A lot of articles are claiming that bitcoin is bad for the environment. Is that true? Is bitcoin really that bad for the environment? This blog post explores the fact.
Bitcoin is a competitor to the fiat petro dollar paradigm. It needs to be compared as such, otherwise the comparison would be apples and oranges. When bitcoin is compared to the dollar, bitcoin factually proofs to be vastly more energy efficient. We think that bitcoin is positive for the environment via a couple different mechanisms.Read more
Bitcoin is very much misunderstood in the press. That misunderstanding might be on purpose or accidental. The effect is the same: If you only look at bitcoin superficially through the mainstream press, you would not get an accurate picture. That’s why I’ve started this blog and today I’d like to answer the question if bitcoin is good for society.
Bitcoin is extremely beneficial for society. That’s because bitcoin is fairer than the fiat dollar alternative. There’s no kleptocracy in bitcoin: The system is fair. Moreover, Bitcoin is vastly more energy efficient than the petro-dollar alternative and bitcoin incentivises alternative energy efficiency, thus lowering emissions. Bitcoin is a system of peace. It removes the possibility for seigniorage thus defunding war mongering governments and incentivising diplomatic solutions for problems. Inflationary currency collapses will not happen in the bitcoin system, which makes the hyperinflationary collapses of Venezuela and Zimbabwe impossible in bitcoinized countries. That’s a lot to unpack:Read more