Fiat’s Failings, Gold And Blockchains

By Alasdair Macleod – Re-Blogged From GoldMoney

The world stands on the edge of a cyclical downturn, exacerbated by trade tariffs initiated by America. We know what will happen: the major central banks will attempt to inflate their way out of the consequences. And those of us with an elementary grasp of economics should know why the policy will fail.

In addition to the monetary and debt inflation since the Lehman crisis, it is highly likely the major international currencies will suffer a catastrophic loss of purchasing power from a new round of monetary expansion, calling for a replacement of today’s fiat currency system with something more stable. The ultimate solution, unlikely to be adopted, is to reinstate gold as circulating money, and how gold works as money is outlined in this article.

Instead, central banks will struggle for fiat-based solutions, which are bound to face a similar fate with or without the blockchain technology being actively considered. The Asian and BRICS blocs have an opportunity to do something with gold. But will they take it?

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A Blockchain to Destroy Fake News, Part 2

By Mike Lorrey – Re-Blogged From http://www.WattsUpWithThat.com

NOTE: Mike Lorrey is an advisor to trive.news and is a past contributor and moderator for WUWT.

In Part 1 I talked about how the Trive system works in its adversarial system of on-chain peer review and challenge that is incentivized by bounty rewards.

In the comments to the last piece, there were a number of questions about blockchain in general that can be better answered elsewhere, but suffice it to say, proof of work, delegated proof of stake, and other consensus algorithms that solve the Byzantine Generals Problem electronically have given us a new world where people of any nation can create institutions of trust within blockchain, as smart contracts that execute automatically, fairly the same way for everyone, every time.

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Fact Checking Alarmist Fake News Now Easy With Trive

By Mike Lorrey – Re-Blogged From http://www.WattsUpWithThat.com

NOTE: The author is an advisor to trive.news. He has also made a number of contributions to WUWT over the years including moderating during the Climategate era.

We have seen over the past decade plus of the climate wars how the alarmist establishment has exploited its advantage in the halls of power and wealthy influence peddlers in Silicon Valley and the Left Coast to seek to do its best to propagandize, promote, filter, dissimilate, dissemble and to downgrade the search rankings those fighting for truth in science like us at WUWT, JoNova, ClimateAudit, etc.

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Gold-Backed Cryptocurrencies: Icing On An Already Tasty Cake

By John Rubino – Re-Blogged From Dollar Collapse

The blockchain has discovered gold (or gold has discovered the blockchain). Either way, this means several things. First, the decades-long dream of a gold-backed cybercurrency may finally be realized. Second, gold and probably silver are looking at a big new source of physical demand. Third, the huge number of gold-related initial coin offerings (ICOs) in this largely unregulated pipeline will require buyers to learn how to tell the legitimate offerings from the scams.

Two probably-legitimate examples:

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Blockchain is More Than Bitcoin

By Chris San Filippo

[Chris works for Anchor Free, a VPN provider. -Bob]

Blockchain Technology Is Surging In Popularity

Blockchain is the technology that powers Bitcoin and a host of other cryptocurrencies. The blockchain contains a ledger which holds all previous transactions. The computers that process these transactions are called “miners,” and exist as a decentralized network throughout the world. With the blockchain, internet users can send money across the world without the need for a bank. The funds can settle in an hour or less, while international bank wires can take days to complete.

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‘Creative Destruction’ in 2018

By Ed Yardeni – Re-Blogged From Newsmax

The Great Disruption. The end of one year and start of the next is the perfect time to reflect and resolve to change for the better.

At the start of this year, the most popular resolutions involved the typical fare: the desire to get healthy, get organized, live life to the fullest, learn a new hobby, spend less or save more, travel and read more.

Philosophers like to wax poetic about change. Nuggets of wisdom include: “The only thing that is constant is change.” There’s also: “The more things change the more they stay the same.” And for the deep thinkers in the crowd: “No man ever steps in the same river twice, for it’s not the same river and he’s not the same man.” Thank you, Heraclitus.

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