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*This section is currently available only in English and may be translated in the future*

I have always been fascinated and intrigued by the role of gold in the development of human societies because of its compliance with sound money. My fascination with the bright yellow metal has significantly contributed to my involvement, as an engineer, in the gold mining industry and in my post graduate studies in economics. Since 2008, my interest in the field of sound money precipitated my genuine desire to understand the fundamental principles behind the newly digital assets such as Bitcoin. My participation in the Bitcoin network originates from my deep affinity towards the teaching of the Austrian School of Economics and its underlying principles supporting sound money, and because I was pleased to recognize that Bitcoin and gold are very similar as instruments to store and protect wealth. Gold has been centerpiece in the development of human societies over 6,000 years. In the new era of digitization, can Bitcoin become the new gold for the development of the future societies?

The intent of this section is to provide the reader with the reflections I have undertaken over many years to answer the above question. My personal belief is that sound money, like gold and Bitcoin, is cornerstone in the development of equitable societies. The posts are meant to be read as a sequence and are published in descending order.

“The rich ruleth over the poor, and the borrower is servant to the lender.” – Book of Proverbs, Old Testament In the previous post, Bitcoin: Equity vs Debt Based Monetary Systems, we have seen how a debt based monetary system...
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“The rich ruleth over the poor, and the borrower is servant to the lender.” – Book of Proverbs, Old Testament In the previous posts, I have often linked gold and Bitcoin to an equity based monetary system and linked fiat...
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“The rich ruleth over the poor, and the borrower is servant to the lender.” – Book of Proverbs, Old Testament In the previous post, Bitcoin: Sound Money and Socio-Economic Prosperity, we have seen that the position of wage earners in...
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Sound money, like gold or Bitcoin, is a terminology which implies ideals other than solely economical prosperity. It also contributes to the betterment of society by supporting the attainment of higher moral values and equality. In my opinion, sound money...
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In the previous post, Bitcoin and Speculation, we have discussed the relationship between Bitcoin and speculation by reviewing the volatility of Bitcoin with that of more liquid assets. We have seen that since its inception in 2009, Bitcoin’s overall volatility...
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It has become quite standard to hear that Bitcoin is highly speculative. This assessment is generally made in the news by focusing on the daily price variation of Bitcoin, and thus, on its volatility. It is not a secret to...
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There are no statistics inferring the use of Bitcoin as a media for corruption, fraud and illegal activities. The main reason Bitcoin is associated with such activities is mostly due to its decentralized and anonymous nature. We have such an...
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In the previous post Bitcoin, Gold and Fiat, we have demonstrated the superiority of Bitcoin regarding gold in terms of portability, divisibility and controllability, and the superiority of Bitcoin and gold over fiat. If Bitcoin is indeed a serious challenger...
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As I concluded in my previous post Bitcoin – The Emergence of an Asset, the intent now is to compare gold, bitcoin and fiat under the main properties that characterize sound money: Be durable; Be portable; Be divisible; Be rare...
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I have been following Bitcoin for quite a while now. First, I started to get interested by Bitcoin at its inception in 2008, and more recently, in 2016-2018 as it picked up momentum and started creating a buzz. The first...
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