The Benefits of Bitcoin: Economist Explains

The Benefits of Bitcoin: Economist Explains

Does bitcoin have the potential to become the new monetary standard? What are the benefits of bitcoin over fiat? According to economist Saifedean Ammous, there are two properties that determine how suitable something is for use as money: ‘salability’ and ‘hardness,’ and bitcoin has both of them. Then there’s the issue of trust in the payer: The form of money can influence the likelihood of a transaction failing due to nonpayment. We’ll discuss each of these factors, in turn, to show why Ammous thinks bitcoin makes good money.

The Bitcoin Standard: The Decentralized Alternative to Central Banking

The Bitcoin Standard: The Decentralized Alternative to Central Banking

What is Saifedean Ammous’s The Bitcoin Standard about? What is the key message to take away from the book? In The Bitcoin Standard: The Decentralized Alternative to Central Banking, Saifedean Ammous suggests that bitcoin has the potential to become a new monetary standard. To make this argument, he explains the problems fiat money creates, and how bitcoin can solve these problems. Below is a brief overview of the book.

Universal Basic Income: Pros and Cons for the U.S.

Universal Basic Income: Pros and Cons for the U.S.

What is universal basic income (UBI)? What are the pros and cons of universal basic income? A Universal Basic Income is a proposed program where the government would pay everyone a monthly stipend with no strings attached. At present, polls indicate that only a minority of Americans are in favor of a UBI, while opponents worry that it would be too expensive and would reduce incentives to work. Keep reading to learn more about the pros and cons of universal basic income in the U.S.

How to Spend Less Money: Tips for Cutting Your Expenses

Guaranteed Basic Income: Creating A Better Tomorrow

Are you an irresponsible spender? Do you often find yourself wondering where your money actually goes? Does your credit card bill often come as a surprise? Many people are guilty of overspending and living beyond their means. When you spend all—or more than—the money that you earn, you damage your long-term financial prospects. You could have put that money to better use by saving or investing it. With this in mind, here are a few tips on how to spend less money and become financially responsible.

3 Bitcoin Characteristics That Make It Superior to Fiat Money

How to Create a Wealth Mindset to Change Your Reality

Is bitcoin a good substitute for fiat money? What are some bitcoin characteristics that make it superior to fiat money? In his book The Bitcoin Standard, economics professor Saifedean Ammous suggests that bitcoin has the necessary characteristics to become the global monetary standard. Specifically, bitcoin has what Ammous calls good “salability”—that is, the ability to transmit value. Let’s examine bitcoin’s salability across three dimensions: scale, space, and time.

How to Save Money During the Holidays & Stop Overspending

How to Save Money During the Holidays & Stop Overspending

Want to know how to save money during the holidays? How can you stop overspending on gifts? With inflation cutting into Christmas budgets and a recession possible next year, shoppers in many countries are checking their Christmas lists twice—and crossing off a few things. But rather than ruining the holiday, experts say saving money during the holidays can be good for you. Keep reading to learn how to save money during the holidays and avoid overspending.

Saifedean Ammous: How Trustless Is Bitcoin, Really?

Saifedean Ammous: How Trustless Is Bitcoin, Really?

How trustless is bitcoin, really? How are trustless transactions executed on the bitcoin network? The bitcoin network is designed in such a way that it makes it possible to complete financial transactions without the need for trust. The payee can’t default on the payment because the transaction is verified by the whole network—a large number of independently-operated servers all over the world. Here’s how bitcoin makes trustless transactions possible.