Imagine if Esperantists had our own currency

Esperanto is an international language, but do we need an international currency? At every congress, people come from many different countries to use a common language, but could they also use a common currency? Nowadays there is a massive growth in crypto-currencies like Bitcoin and that has me thinking. What if the Esperanto community had a currency? Continue reading “Imagine if Esperantists had our own currency”

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The Great Bitcoin Bubble

There’s this new idea that plans to revolutionise money. It’s called bitcoin and aims to be an online currency to replace the real thing. Unlike printed money, it is not controlled by any central bank or government and prides itself on its lack of rules and regulations. Its proponents see it as a 21st century version of the gold standard and it has been enthusiastically endorsed by libertarians and anarchists around the globe as its price sky rockets. However, it is in reality a giant internet bubble based primarily on speculation that will inevitably crash. It is open to abuse, hacking and is no more trust worthy than the government. It is an economic calamity and trapped in hyper deflation death spiral. It can teach us a lot about how currencies work, and just as importantly, why some don’t. Continue reading “The Great Bitcoin Bubble”