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Fiat money is usually discussed as a macroeconomic problem. People talk about inflation, central banks, public debt, asset prices, and the cost of living. At Myntad, we have explored how inflation increases unnecessary consumption and how people are pulled away from their craft and into desperate investing. These things matter. But fiat money also changes something more ordinary and… Continue reading
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One of the most common objections to Bitcoin is that it has no cash flow. That criticism sounds smart until you notice the category error. Bitcoin is not a business. It is not a stock. It is not a bond. It does not exist to produce quarterly earnings, pay dividends, or justify a spreadsheet full of discounted future profits.… Continue reading
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Housing has slowly turned into something it was never meant to be. A place to live became a place to store wealth. Prices reflect not just utility, but decades of monetary distortion and investment demand. In many parts of the world, the result is extreme. Major cities have reached levels where ordinary incomes can no longer support homeownership or… Continue reading
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Most people are not trying to outsmart markets. They are trying to do something well. Build something useful. Improve at a craft. Solve real problems. But in a system where money loses value, that is not enough. You can do your work, but you also need to think about how to preserve what you earn. Bitcoin enters this problem… Continue reading
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Inflation doesn’t just make things expensive. It makes patience irrational.In a healthy system, saving lets you wait. You can delay consumption until it actually makes sense. But when money loses value, waiting becomes costly. That changes behavior. Not by force, but by incentive. Inflation makes you overconsume. I have previously discussed how bad money forces people to become investors.… Continue reading
