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Economy, Money, and Living – AMTV
This is a great video by Christopher Greene of AMTV. Christopher discusses some serious issues with the economy, which may or may not be true. The Wave Chronicle still holds to its article regarding the US economy here. The main reason why I am putting this video on the site is Christopher Greene’s discussion about living life in a down economy. America has become a soft nation of children demanding and getting most of what it wants. Those days may not exist in the future and people need to adapt, just like the people in America during the Great Depression. Money is not everything, being on the top of the list, having the coolest gadgets is…
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Cryptocurrencies as a Single Pool of Wealth: Thoughts on the Purchasing Power of Decentralized Electronic Money
Author: Gennady Stolyarov II The recent meteoric rise in the dollar price of Bitcoin – from around $12 at the beginning of 2013 to several peaks above $1000 at the end – has brought widespread attention to the prospects for and future of cryptocurrencies. I have no material stake in Bitcoin (although I do accept donations), and this article will not attempt to predict whether the current price of Bitcoin signifies mostly lasting value or a bubble akin to the Dutch tulip mania of the 1630s. Instead of speculation about any particular price level, I hope here to establish a principle pertaining to the purchasing power of cryptocurrencies in general,…
