Topic: BTC-slanted thoughts on Currency Wars by James Rickards? (Read 577 times)
I read the book a while back and it appears he is spot-on. The currency wars cause inflation, financial repression, capital controls, and a loss of confidence in the established financial system. By trying to use the financial system as a weapon, that system is weakened. All of these factors cause investors and businesses to look for safer and more reliable means to store value and conduct commerce. Gold and silver are one haven, but Bitcoin has some advantages that could allow it to also meet that need in the years ahead.
Currently listening to the audio version of Currency Wars, by James Rickards. A really insightful look at the history of currency wars over the last couple centuries. The geopolitical and economical place we find ourselves in today is nothing new. The constant struggle to either prop up or devalue a nation's currency to protect a global position is really complex; we are tasked with finding a system of checks and balances that thwart the tendency of human nature to make a cheap buck. Where does Bitcoin fit in?
Trying to keep bitcoin in mind as I listen to the book, wondering if anyone else has had a chance to read it and what their bitcoin biased take on the whole thing is. The fact that nothing fundamental has really changed in the traditional currency landscape (maybe except the "gold standard" that kept us on a nice track for a while) is what intrigues me about BTC, but as the volatility of BTC's short history can attest, nothing is without risk.
Trying to keep bitcoin in mind as I listen to the book, wondering if anyone else has had a chance to read it and what their bitcoin biased take on the whole thing is. The fact that nothing fundamental has really changed in the traditional currency landscape (maybe except the "gold standard" that kept us on a nice track for a while) is what intrigues me about BTC, but as the volatility of BTC's short history can attest, nothing is without risk.
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