Browsing: Gold

Traditionally, hard money has the two main qualities of autonomy and correlated-redeemability, but bitcoin has the former without the latter.This is an opinion editorial by Rowdy Yates, a former Marine and practicing lawyer. What’s It Backed By?One of the most common criticisms from nocoiners remains, “But bitcoin isn’t backed by anything.” This criticism targets bitcoin’s…

Illegal gold miners will cease their operations when gold is no longer as valued as bitcoin, solving the destruction of ecosystems in the Amazon.Puerto Maldonado in Peru’s Madre de Dios province feels like a frontier town. Dusty streets, ramshackle buildings, new construction and the hustle and bustle of people who want to make it. Tourists…