What is a bitcoin? Why is it important? Knowing the answers to these two simple questions may determine the fortunes of an entire generation. In this brief volume, we dedicate the first section to a brief exploration of the phenomenon of the bitcoin and its advantages and disadvantages as a medium of exchange and store of value. We also briefly explore the moral implications of chasing the monetary premium that the bitcoin has increasingly come to represent.
Much of one's adult life is spent gathering and protecting what they believe to be money. Given the inordinate amount of time spent by humans trying to obtain money, is it sufficient to simply define it by the name of a national currency or a slang derivative of the official name?
In response to what has become known as the Financial Crisis of 2008, the central bankers of the world have employed nearly every form of monetary alchemy at their disposal in a desperate attempt to maintain the status quo. The status quo, which in this case means that all commercial banks and sovereign governments remain both liquid and solvent, has become increasingly difficult to maintain.
In the twenty-first century, it has become clear to most that there is no divine right or imperative for the existence of an empire on the Earth. As such an ever-increasing number of peoples have thrown off the yoke of empire in favor of what has become known as a democratic model of collective governance.