๐๐ฏ ๐ฆ๐น๐ค๐ฆ๐ณ๐ฑ๐ต ๐ง๐ณ๐ฐ๐ฎ ๐ต๐ฉ๐ฆ ๐ฏ๐ช๐ฏ๐ต๐ฉ ๐ค๐ฉ๐ข๐ฑ๐ต๐ฆ๐ณ ๐ฐ๐ง โ๐ฎ๐ญ ๐๐ช๐๐จ๐ฉ๐๐ค๐ฃ๐จ", ๐ต๐ฉ๐ฆ ๐ธ๐ฐ๐ณ๐ญ๐ฅโ๐ด ๐ง๐ช๐ณ๐ด๐ต #Ai-๐ฆ๐ฏ๐ฉ๐ข๐ฏ๐ค๐ฆ๐ฅ #Bitcoin ๐ฃ๐ฐ๐ฐ๐ฌ.
Several contributors to this book offered answers to this question, including Excellion (npub1excโฆn72a), profstonge (npub1xr4โฆf6z3), TheGuySwann (npub1h8nโฆrpev), Svetski (npub1dtgโฆup6m), and Max Hillebrand (npub1klkโฆx3vt). When those new to Bitcoin understand the vital role that money plays in our lives and society, they will begin to see why Bitcoin is so important for our future.
Below is Peter St Ongeโs answer, as written in "๐ฎ๐ญ ๐ค๐๐ฒ๐๐๐ถ๐ผ๐ป๐":
๐ฃ๐ฒ๐๐ฒ๐ฟ ๐ฆ๐ ๐ข๐ป๐ด๐ฒโ๐ ๐ฎ๐ป๐๐๐ฒ๐ฟ:
Money is how strangers cooperate; without money we would only engage with friends and family and our economy would remain at a subsistence level. This is eroded when the money itself is no longer a store of value, which happens if new supply is produced at a faster pace than wealth is created, which is typical for easily counterfeited monies like paper. If the counterfeiting comes from the government, it arbitrarily seizes the wealth of society while causing poverty and crisis.
Peter St Onge, Ph.D. is the Mark A. Kolokotrones Fellow in Economic Freedom at the Heritage Foundation, a Fellow at the Mises Institute, and a former professor at Taiwanโs Feng Chia University. Before academia he worked in corporate strategy in Latin America and Asia and bartended at a dive bar in Osaka. He makes daily videos on economics and freedom.
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https://geyser.fund/project/spiritofsatoshi