Inflation starts slow, but picks up speed as the real value of the money is diluted. In Roman times this was achieved by diluting coinage with other base metals, less expensive to produce, such as tin or lead, in the modern era it is achieved by printing more notes or increasing the supply digitally. The end result is the same: decreasing the utility of money to serve as a measure of value until it is abandoned by the masses. This sounds rather academic, but what is actually taking place is that the elites who control the money printer are using it to steal from everybody else. Inflation is not a victimless crime, it is theft at the grandest scale possible!
Privacy in Bitcoin is and will become one of its most important factors in fighting the banking system and to protect yourself against regulatory risk – which will become bigger and tougher over time.
Privacy is also a human right and should always be so. It is our every right to keep our own things private including our money and wealth.
It seems like there’s a lot of negativity in many South Africans’ and Bitcoiners’ lives right now. Riots, inflation, corruption, load shedding and of course …
Weekly News The widespread chaos in the South African provinces of Kwa-Zulu Natal and Gauteng are evidence that previously “safe” investments such as residential, commercial …
We owe Chinese Bitcoin miners a standing ovation for the service that they have provided to Bitcoin. They have secured the network for years and paved the way for the industrialization of Bitcoin mining.
Some see this event as a warning sign, some this as an opportunity. In the long-term, China has effectively removed the last area of centralisation that Bitcoin has left.
HODLers are acquiring more than the speculators are selling and thus, there is a good chance that a price floor has been set for this accumulation period.
We at Bitvice, actually think it is great news that the regulatory bodies finally recognises Bitcoin as a serious asset and that it will become a licensed product for financial services. But, we all have a fight ahead of us on privacy, self-custody and self-sovereignty.
The aim of this article is to detail the standard operating procedure for investors and advisors to self-custody Bitcoin.
Bitcoin does not promise high returns, as there is no central authority or provider to ‘promise’ anything in the first place.