Fixing Broken Fiat Plumbing — Bitcoin Magazine

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This is an opin­ion edi­to­r­i­al by Dan, cohost of the Blue Col­lar Bit­coin Podcast.

A pre­lim­i­nary note to the read­er: This was orig­i­nal­ly writ­ten as one essay that has since been divid­ed into three parts for pub­li­ca­tion. Each sec­tion cov­ers dis­tinc­tive con­cepts, but the over­ar­ch­ing the­sis relies on the three sec­tions in total­i­ty. Much of this piece assumes the read­er pos­sess­es a basic under­stand­ing of Bit­coin and macro­eco­nom­ics. For those who don’t, items are linked to cor­re­spond­ing definitions/resources. An attempt is made through­out to bring ideas back to the sur­face; if a sec­tion isn’t click­ing, keep read­ing to arrive at sum­ma­tive state­ments. Last­ly, the focus is on the U.S. eco­nom­ic predica­ment; how­ev­er, many of the themes includ­ed here still apply internationally.



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