Date: 2023-08-28 · basis: publication date recorded in the magazine inventory
Mason (Quace the Quant)
Mason (Quace the Quant) argues that as the dollar loses reserve-currency status a competition of currencies is coming, and that bitcoin enters it as a permissionless, inflation-resistant competitor, potentially the seventh world reserve currency since 1450 AD. He links inflation to rising risk-taking and crime, citing year-over-year 2022 robbery and theft increases, and quotes BIS general manager Agustin Carstens claiming the battle against Bitcoin has been won, which the author treats as premature. The essay closes on hope: voluntary adoption, not imposition, is what makes hyperbitcoinization inevitable.
Archive summary written from the sources below — not a quotation.
Bitcoin is hope. ~Michael Saylorhttps://www.stackchainmagazine.net/the-honest-weight-champion-of-the-world/
Hope is driving hyperbitcoinization.https://www.stackchainmagazine.net/the-honest-weight-champion-of-the-world/
There have been six different world reserve currencies since 1450 ADhttps://www.stackchainmagazine.net/the-honest-weight-champion-of-the-world/
Argument that bitcoin will win a coming global currency competition and drive hyperbitcoinization
Machine-written summary, not an editorial statement.
Stackchain Magazine article, catalogue item 15, category opinion-essay. Summarised by the archive from the published piece; quotes below are verbatim excerpts. Original: https://www.stackchainmagazine.net/the-honest-weight-champion-of-the-world/