What Bitcoin Can Teach Us

What Bitcoin Can Teach Us By George Gilder The great Austrian economist Friedrich Hayek said it best: “The root and source of all monetary evil is government control of money.” Ironically, most fully developed by free market economist Milton Freedman, monetarism has become the source and root of the current evils of the world economy–runaway debt, widespread stagnation and the revival of socialism. These evils of top-down money face serious challenges from digital alternatives on the Internet and from the perennial case for gold. Both these forms of money offer…

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3 Steps to Save America From Economic Collapse

3 Steps to Save America From Economic Collapse By George Gilder [Editor’s Note: The following article has been adapted from the book The Scandal of Money, written by George Gilder and originally published in 2016.] I am more convinced than ever that if we ever again are going to have sound money it will not come from government. It will be issued by private enterprise. Liberal economist Friedrich Hayek said that in 1977. Yet it rings more true today than ever before. Our Federal Reserve System, which gives twelve bankers…

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The White House Just Blamed Bitcoin for America’s Opioid Crisis

The White House Just Blamed Bitcoin for America’s Opioid Crisis By Graham Smith The opioid epidemic is the new devil Bitcoin is being blamed for inflaming, to be added to the already long list of heinous crimes crypto is supposedly responsible for, like terrorism, money laundering, and trafficking. While it’s painfully clear that the U.S. dollar is a much more common tool for these unethical and illicit activities, that doesn’t stop the powers that be from continuing their propagandistic assault on financial freedom — ignoring their own central role in…

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Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble

Currency War Begins: Chinese Yuan Crashes to New Record Low as Global Markets Tumble By Tyler Durden Update 2: – China’s central bank has confirmed that it is, indeed, on, saying that it is able to keep the yuan exchange rate at a reasonable and balanced level – whatever that means – while acknowledging that the Yuan plunging beyond 7 per dollar is due to market supply and demand, trade protectionism and expectations on additional tariffs on Chinese goods. Meanwhile, resorting to its old, tired and worn out tricks, Dow…

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Crypto Is Part of Free Speech, and Free Speech Is Everything

Crypto Is Part of Free Speech, and Free Speech Is Everything By Graham Smith On July 23, U.S. Attorney General William Barr gave a speech demanding big players in the tech industry work with government agencies in providing backdoor entry points for encrypted devices and software. Per his reasoning, certain devices and messaging services pose a safety threat by providing a secure, third-party-inaccessible area where crime can rapidly proliferate. He didn’t note that this “warrant-proof encryption” also protects journalists, researchers, and individuals in areas of political unrest living under corrupt…

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10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS

10,000 American Cryptocurrency Owners Will Receive Warning Letters From the IRS By Jamie Redman On July 26, the U.S. Internal Revenue Service (IRS) announced that the tax agency has started sending letters to American cryptocurrency owners advising them to pay their taxes. According to the organization, three types of letters will be sent to more than 10,000 taxpayers by the end of August. The news follows the recent IRS taskforce slide that shows alarming recommendations on how tax agents should investigate digital currency users. Through Compliance Efforts the Internal Revenue…

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Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War

Sorry, I Don’t Want to Pay for More Bombs: Bitcoin as a Hedge Against Funding War By Graham Smith After nearly two decades of U.S.-led coalition bombs falling on the Middle East, peace in the region still has not been achieved. Now the United States is once again bolstering military forces, this time in Saudi Arabia. Meanwhile, taxpayers in multiple countries are being forced to pay for these ill-fated and unethical campaigns, with little to no say in the matter. Bitcoin and cryptocurrency provide a means, however, to store and…

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Privacy Is a Human Right Worth Fighting For

Privacy Is a Human Right Worth Fighting For By Kai Sedgwick Privacy is a basic human right. It’s there in Article 12 of the Universal Declaration of Human Rights: “Freedom from Interference with Privacy, Family, Home and Correspondence.” Attaining that right in an era of dragnet surveillance, mass data breaches, state-sponsored hacks and big tech overreach, however, is a Herculean task. As the digital privacy fight heats up, crypto protocols are emerging as a new battleground where the right to anonymity will be won and lost. From Data Drought to…

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The Myth of Authority: Mnuchin Denies USD Is Used Criminally

The Myth of Authority: Mnuchin Denies USD Is Used Criminally By Graham Smith U.S. Treasury Secretary Steven Mnuchin has once again weighed in on Bitcoin, claiming the U.S. dollar has not been used to finance “nefarious” activity on a recent episode of CNBC’s Squawk Box. Democratic House Representative Maxine Waters also dropped a tasty nugget of a soundbite as well, sharing her thoughts on “bitcom” and the need for regulation. Such blatant demonstrations of economic incompetence being so frequent recently, bitcoiners worldwide are left wondering about the nature of centralized…

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The Dollar, Not Crypto, Is a National Security Issue

The Dollar, Not Crypto, Is a National Security Issue By Peter C. Earle U.S. Treasury Secretary Steve Mnuchin piled on to comments made recently by President Donald Trump by calling cryptocurrencies a “national security issue.” Bitcoin and crypto proponents more broadly have long wondered if (and how) the government of the United States would recognize the slow but steady encroachment of decentralized assets, and it appears to have begun. Facebook’s announcement of the Libra project on June 18, 2019, will likely prove the point on countless future historical timelines at…

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