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Showing posts from November, 2018

The future of currency.

As the United State's debt increases at alarming rates as a result of ridiculous government overspending, concerns over rising interest rates causing inflation are growing. Fiat currency's inevitable failure is widely agreed upon by economists, however the question of what will be used as a global currency remains widely disputed. Most economists believe that Gold is the future of all currency, while some believe that cryptocurrencies like Bitcoin are the future.  To make clear my bias, I am a big believer in Bitcoin because it is much easier to transact than gold, and requires no middle man. So what is Bitcoin? Bitcoin is a decentralized digital currency. "Decentralized" means that any Bitcoin that one owns is solely controlled by that person. No government, business, person, or hacker can seize that Bitcoin. It should also be noted that I use the term "Bitcoin" losely, and that I am referencing cryptocurrency in general when I say