laws of nature No set of laws are as unbreakable as those found in mathematics. Maths is indeed the language of the universe. We can’t have a popular vote to change the fact that 2 + 2 = 4. However, voters in Switzerland recently voted on a universal basic income (free money).
While bitcoin is not regulated by any government or corporation, it is still regulated. It is regulated by maths. Mathematics regulates how and when bitcoin is created, stored and spent. We know what the inflation rate of bitcoin will be 100 years from now.
On the other hand, fiat currencies are governed by imperfect people. Countless hours and billions of dollars are spent every month trying to second guess the interest rate movements by central banks around the world. Imagine if these resources were put towards something that actually added value. Also, government printing money in the form of bail outs, quantitative easing, helicopter money or what ever you want to call it, is an attempt to make something out of nothing. People cannot make 0 + 0 = 2.
From the fall of the Roman Empire to the “too big to fail” bail outs in 2008, the history of money is the history of those in power failing their people. Regardless of your political view, which do you trust more… politicians or mathematics?
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