Imagining World War I… Under Bitcoin
2014 marks the centennial anniversary of World War I. The world was a different place a century ago, but in at least one respect, they are becoming similar– the gold standard of the early 20th century era is much like the new cryptocurrency Bitcoin, which is scarce by design and a good store of value. In the spirit of learning from the past, it is useful to consider what would have happened if the biggest monetary trend of 2014 had been in existence in 1914– would it have prevented inflation? Brought peace? Stopped the growing authoritarianism? Let’s begin with the […]
