Had the history not coincided so elegantly, we might have missed the Renaissance in Florence. Now, the great events are again coinciding, and we have a chance for another Rebirth in adopting Bitcoin. — Our world hangs on the most delicate balance ever maintained. It is the most recent attempt at the millennia old heist of gradually over generations replacing sound money with worthless tokens until the society itself falls prey to utter chaos.

Like it or not, Bitcoin is here to stay. And it looks like the crypto economy created by Bitcoin will eventually take over and replace the fiat economy. — Temporary — or rather natural — inflation can have its merits, contrary to what the proponents of sound money often claim. For instance, the American Gold Rush was a period of higher inflation in the supply of gold. …

As cryptocurrencies are extremely volatile with a tremendous upside potential, creating a monthly saving plan is an easy way to get aboard. Especially if you’re investing with smaller amounts or out of your salary, a monthly saving plan with friendly deposit reminders should be your top choice. — The leading cryptocurrency brokerage in the Nordics, the Finnish Coinmotion.com recently launched a monthly saving feature to help customers distribute their investments over time. By the way, the company behind Coinmotion.com, Prasos Ltd., is a regulated payment institution, licensed and supervised by the FIN-FSA.

Yes, mining consumes electricity. However, what we get in return is not just a blockchain and a cryptocurrency, but an entirely new economic system that — among other benefits — is also better for the environment. — A lot of bits and ink have been poured into both proclaiming the death of Bitcoin and cursing how Bitcoin’s electricity consumption will be our doom. …

Governments have traditionally both issued currency and provisioned personal identities. Bitcoin is breaking the first of these strongholds and Libra promises to break the second. Calling the possible consequences merely revolutionary feels like an understatement. —

Governments have traditionally both issued currency and provisioned personal identities. Bitcoin is breaking the first of these strongholds and Libra promises to break the second. Calling the possible consequences merely revolutionary feels like an understatement. — Most commentators on Facebook’s upcoming cryptocurrency Libra have focused on it being a cryptocurrency, albeit a rather centralized and non-permissionless in contrast to Bitcoin.

The inevitable failure of central banking will deal a fatal blow to fractional reserve banking. At the same time, cryptocurrencies — and particularly Bitcoin — are on the rise and could be given the occasion to replace the fiat currencies. The real question is whether the adoption rate will be high enough when the time comes. That’s where we can make a difference. — Now, as central bankers from Washington to Frankfurt are beginning to backpedal their plans to hike interest rates and are raising voices to cut the rates instead, the near-term once again looks like more easy money to the stock market and more sleepless nights for those who understand where all…

As 2020 draws closer and the typical US presidential bid goes into hundreds of millions of dollars, you might think being a politician is cooler than ever. In truth — thanks to technological advances — we are about to witness the death throes of politics altogether. — Politicians and bureaucrats are the most powerful people in the world, alongside various dictators. They all will be driven out of power relatively soon, but by evolution rather than revolution. …

Many fear losing their jobs as automation advances. Others claim that technological progress will create entirely new jobs to replace the obsoleted careers. Activists and politicians advocate universal basic income to provide for those that can’t get employed as the need for human labor becomes more scarce. …