In its early days, bitcoin was known as the currency of drug dealers and criminals of all stripes. Anarchists promoted it as a means to overthrow the government. In these illuminating pages, however,
Crisis Magazine
editor and author Eric Sammons asserts that bitcoin is the most moral money ever created and that it outshines our current economic system, which empowers the corrupt and corrupts the powerful.
The money system we use now, Sammons explains, is one that is deeply immoral. But because most people assume that our money is just a fixed part of our economic background, the morality of our modern form of money has rarely been challenged—
until now
.
In his trademark straightforward, accessible style, Sammons leaves no stone unturned in unpacking how our current form of money developed, and he offers a deep—dive look at why our government—issued money—also known as “fiat money”—is actually a
devolution
in the history of money. He logically demonstrates that bitcoin is the next step in money, one that overcomes the deficiencies inherent in fiat money. He reveals:
Eight principles to consider when evaluating the morality of forms of money
Seven properties necessary for something to be considered good money
The inherent spiritual dangers and grave injustice behind fiat money
How rising inflation and massive debt creates financial nihilism among the young
How bitcoin is an advancement beyond both fiat money and gold
Why bitcoin is unique among all cryptocurrencies
Sammons further lays out what bitcoin is, how it is designed and operates, and how to safely purchase and hold it, incisively arguing that it is the most efficacious form of money while quelling numerous misconceptions. He demonstrates that, unlike government—controlled money, bitcoin gives people true financial freedom, even in economically troubled times or under oppressive and totalitarian governments. In a time when more and more people are drowning in a sea of high inflation and debt and suffering under restrictions on their freedom, bitcoin provides a bright ray of hope for the future, both for individuals and for nations.