The Value of Bitcoin

It is worth repeating, as even some advocates of monetary freedom seem confused about it – the value of Bitcoin is a function of its monetary qualities.

One a currency is deemed to be better than another one, not because it’s been provided and supported by authorities but rather because of its usefulness, that is because it’s a better and more effective tool to be used by its users; just as a steel hammer is a more effective tool than a wooden one, even if the latter bears an imprint of a some monarch or president’s face on it.

That aside, in monetary matters the use of this type of common sense seems to be virtually outlawed. This is definitely one of the life’s realms where the common sense is not that common at all. We’ve been, for example, taught that the value of money comes from a government mandate; that our respective currencies should somehow serve as a source of national pride for us; that inflation is the engine of the economy; and, last but not least, that there can be no money unless they have been printed by the central bank and enforced by the central authority.

It should go without saying that we’ve been lied to; and in a big way. And these are precisely the lies – taken as truths by the productive but economically illiterate class – which give their support to the greatest scam in history. According to the official version, money came into existence along with the birth of the state; proponents of such a view claim that without the legal backing from the state the value of an ounce of gold, for instance, would be nothing but a collective illusion. And what about the value of Bitcoin? A bad joke – not even deserving to be called an illusion.

I say let them believe that if they so wish (all the while Bitcoin adoption fuelled by financial and economic mistakes perpetrated and underpinned by the same kind of thinking expands in all directions). When they finally understand why so many people prefer Bitcoin to fiat moneys it will be too late to stop the advancement of the blockchain.

Other Articles

What Are Bitcoin Transaction Fees?

A Bitcoin transaction fee usually refers to the amount of Bitcoin that we pay to miners when we transfer to another bitcoin address. Transaction fees

What is a Bitcoin Wallet?

Welcome to Part 2 of our Beginners Series!  In Part 1, we answered the question: What is Bitcoin? Well, if you’re reading this then you

What IS Bitcoin?

Welcome to the first part of our Bitcoin Learner Series. In this series, we’ll cover many topics right from Bitcoin beginner basics, through to more

Bitcoin Transactions: 3 Scams to Avoid

With the price of Bitcoin (BTC) having increased significantly in recent months (at the time of writing) and the blockchain network busier than ever, thieves,

Our Feedback

Amir Abid
Amir Abid
I think this accelerator is legit and legit. I requested them to accelerate my transaction id : a57ab0dd3a315d1767291dc65c7e5b3bea4a217f984757ea66a8f67b1ffb27c2 they are great and I am sure they will help me with this stuck transaction again Edit : Wow after few minutes from my post , My transaction got confirmations!! Thank you guys for your awesome work
Will Lunsford
Will Lunsford
Utilized this service to unstick 2 mo tx. The issue was resolved within 1 hr. I also didn't have to pay anything while other services wanted to charge $200-$300. Will def use again in the future!
Michelle Harris
Michelle Harris
Helped me out of a very tricky situation. Thank you so much!!
alan abraham
alan abraham
I see your site and i like that. if you want to sell bitnitro contact me on my website boss courses i'll buy it from you :)
John Eusse
John Eusse
I highly recommend this service to everyone. Great customer service and extremely helpful. Thanks a lot guys
Balaji L
Balaji L
I think it works... couple of trns got picked up.... promoted to 5 stars... 😎😁
It seems to work. After 4 days of waiting for confirmation of the transaction (I chose a low fee of 15 sat. per byte). It worked out on the third attempt (20 minutes after using the accelerator).
Naina Nasir
Naina Nasir
This is a great find! Super quick and easy to use too if you're looking to speed things up when sending/receiving Bitcoin
Robert Harrison
Robert Harrison
Perfect, thanks.
btc accelerator review

Article: Bitcoin stuck in mempool

A few hours later it got confirmed, but I think thanks to a bitcoin accelerator that I found and used.
Should have looked before. This thing worked like a miracle. Next time if something like this happens I will be smarter. 😉

[link to full article…]

Share this article...

Share on facebook
Share on twitter
Share on linkedin