The Importance of Hard Money and Why Bitcoin

Hard money is crucial for prosperity as it prevents governments from taking over the economy. Inflation caused by paper money leads to a boom-bust cycle and can be traced back to various historical catastrophes. Inflation also creates a crisis industrial complex and erodes our liberties. Gold has been the best hard money throughout history, but it has a flaw. Gold-backed currency requires a central depository, making it vulnerable to government seizure. Bitcoin solves this flaw as it does not depend on any institutions and can exist without the state.

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