Originally Posted by interceptorpilo

Ok well I appreciate that you read it and took me up on my offer. Probably because I misquoted the Chapter of the book regarding defining money and currency you felt obliged to take my meaning that the Federal Reserve “scam” issue is what I was getting at? Rather I was trying to refer to Chapter 7 titled Barbaric Metal. For those of you, unlike “jaxsurf” who haven’t read the book, I highly recommend that Chapter alone. It goes into the history of money and precious metals and how receipts for gold were turned into money. And how bankers nee jewelers inflated the money supply by writing receipts for gold that didn’t exist. This is what banks do today but on a much grander and intricate scale. How does this relate to Bitcoin? Because of the technology bankers nor anyone else can write receipts for Bitcoin that doesn’t exist. This is why Bitcoin is doing so well versus the dollar. They just keep inflating the supply of dollars and Bitcoin can’t be “inflated”. Yes the supply can increase via mining but it takes the input of work, i.e. energy to create it. This “problem” that you see with Bitcoin requiring energy to create it is actually a necessary feature of any true wealth holding device. This feature is what prevents Bitcoin from being created from “thin air”. Yes there are other cryptocurrencies. But just like gold, in the precious metals sphere, everyone seems to have settled on Bitcoin. Link to free online copy of Creature From Jekyll Island here: https://dn790003.ca.archive.org/0/it...l%20Island.pdf