The richest countries are the most indebted. May be it's more complicated than that...
La question du systĂšme monĂ©taire international est de retour au cĆur des tensions gĂ©opolitiques.
Le #bitcoinâŻâŻâŻ apparaĂźt de plus en plus comme une solution de sortie.
https://www.cointribune.com/la-russie-plaide-a-new-york-pour-la-fin-du-monopole-du-dollar/
Vaut-il mieux louer ou devenir propriétaire de son bien immobilier ?
https://www.cointribune.com/investir-dans-le-bitcoin-ou-limmobilier/
La Chine accélÚre sa dédollarisation avec des ventes records de bons du Trésor US.
https://www.cointribune.com/la-chine-se-debarrasse-du-dollar-a-un-rythme-record/
If you like economy and bitcoin, you will enjoy the read.
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Ponzi and Growth
All euros, dollars, yuans, or francs in circulation come from debts. In the fiat system, money is entirely created from debts.
There wouldnât be a single cent in circulation if all bank loans were repaid overnight. Truth be told, the coins and banknotes would remain. However, cash only represents a very small portion of the monetary supply, about 5%.
The fiat system operates on a fractional reserve basis. Meaning that money is created ex nihilo by banks. It is lended into existence. Money comes from loans (mostly mortgages) and is drained as out of the economy as repayments are made. Except the interest that rewards the bankers.
We are therefore continuously paying interest on the entire money supply. Because of this, we must continuously increase the money supply for everything to add up from an accounting perspective.
This mathematical imperative stems from the fact that âmoney doesnât make moneyâ, as the saying goes. The money needed to pay interest is never initially in circulation in the economy.
To put it even more clearly, if some people manage to repay debt AND interest, mathematically, others wonât even be able to repay the principal.
In short, the flow of new loans must exceed the flow of repayments for the system to hold together. Otherwise, some economic players would not be able to find enough money in the magma of the economy to honor their loans in full. Defaults would become an integral part of the system, which is not efficient.
This is how banks maintain a ponzi schemeâŠ
[A ponzi scheme exacerbated by the fact that governments âroll overâ their debt. Accumulating interest on interest is an exponential mathematical process (âcompounding interest effectâ)]
Is this good or bad? History teaches us that humanity always embraces the most efficient systems. However, this beautiful Ponzian mechanism now faces a stumbling block :
More and more energy and raw materials are needed to match this ever-increasing money supply, otherwise wages would no longer be able to keep up !
But we live on a finite planetâŠ
Banking and Renaissance
The oldest bank still in operation is the Monte dei Paschi. This Italian bank was founded during the Renaissance, a pivotal era of civilization.
https://www.cointribune.com/en/bitcoin-and-endless-inflation/
Toujours pas de consensus concernant le problÚme des « inscriptions ».
En attendant, la dĂ©centralisation du Bitcoin sâamenuise de jour en jour.
Intouchable depuis trois ans, Michael Saylor a fini par se faire quelques détracteurs.
https://www.cointribune.com/bitcoin-michael-saylor-met-les-point-sur-les-i/
Lâaffaire Samourai ravive des craintes quant au droit sacrĂ© de dĂ©tenir soi-mĂȘme ses bitcoins.
Du calme.
https://www.cointribune.com/bitcoin-ne-pas-surreagir-a-laffaire-samourai/
Peter todd, the dude cheering for nuclear strikes, is still there? Wtf
Austrian economists are a burden for Bitcoin
https://www.cointribune.com/en/austrian-economists-are-slowing-down-the-adoption-of-bitcoin/
La saisie des avoirs russes aura de graves répercussions sur le systÚme monétaire international.
Du pain béni pour le #bitcoin
https://www.cointribune.com/coup-de-tonnerre-pour-le-dollar-2/
En essayant de sâapproprier le bitcoin pour servir leurs thĂ©ories, les Ă©conomistes autrichiens desservent la cause.
https://www.cointribune.com/les-economistes-autrichiens-freinent-ladoption-du-bitcoin/
"Il faut bien comprendre quâune inflation annuelle de 8Â % signifie que les prix doublent au bout de neuf ans seulement."
https://www.cointribune.com/bitcoin-face-a-linflation-monstre-de-ces-4-dernieres-annees/
MalgrĂ© le « ban » de 2021, de nombreux mineurs de bitcoins sont restĂ©s fidĂšles au poste. Peut-ĂȘtre plus pour longtemps.
https://www.cointribune.com/bitcoin-halving-coup-de-grace-pour-les-mineurs-chinois/
Les performances sous hautes tempĂ©ratures des Whatsminer (MicroBT) sâavĂšrent bien supĂ©rieures Ă celle de lâAntminer (BITMAIN).
https://www.cointribune.com/bitcoin-whatsminer-m60-vs-antminer-s21/
La fondation Ethereum veut de nouveau modifier la politique monĂ©taire dâEthereum. En cause : trop de staking đ
https://www.cointribune.com/ethereum-modification-de-la-politique-monetaire-en-vue/
A partir de quels prix du bitcoin (et de lâĂ©lectricitĂ©) les diffĂ©rents modĂšles dâASIC ne seront-ils plus profitables aprĂšs le halving ?
Bitcoin « Breakeven »
Blockware a publiĂ© un tableau trĂšs pratique pour connaĂźtre le « breakeven price » des principaux ASIC. Câest-Ă -dire le prix du bitcoin Ă partir duquel un ASIC est profitable compte tenu du prix de lâĂ©lectricitĂ©.
Le premier tableau fait lâĂ©tat des lieux avant le halving. Le second donne les chiffres qui prĂ©vaudront aprĂšs le halving. Les ASIC sont classĂ©s du moins performant (gauche) au plus performant (droite) :
TABLEAU ds l'article
AprĂšs le halving, avec un prix de lâĂ©lectricitĂ© de 0.08 $ par kilowattheure, il faudra au moins un ASIC de type S19j Pro+ pour y trouver son compte. Le breakeven sera de 67 816 $ pour un bitcoin.
Lâantminer S17, au mĂȘme prix du kWh, aura besoin pour sa part dâun bitcoin Ă 108 000 $ pour rapporter de lâargent. MĂȘme le S19j Pro ne sera plus profitable au cours actuel.
....
https://www.cointribune.com/bitcoin-quels-asic-resteront-profitables-apres-le-halving/
Lâordre monĂ©taire mondial se dĂ©lite. De plus en plus de nations boudent le dollar pour leurs rĂ©serves de change. Lâheure du #bitcoinâŻâŻâŻ approche.
https://www.cointribune.com/russie-or-yuan-ou-bitcoin-pour-ses-reserves-de-change/