“[The only thing] we learn from history, [is] that we do not learn from history.” - Georg Hegel
reference
This is a reference post. Reference posts focus on giving you a good overview of a topic with resources and commentary to add missing details and nuance.
Why does it feel like we get poorer and poorer each generation? Why do ppl, companies and even countries buy and build a bitcoin reserves? And what really is money?
1971 gives us a sign - a sign what happens if money breaks…
(See here (wtf happened in 1971?) and or here in english for much more)
In this post you will have learned probably the most important thing you will learn this year, and how you can help yourself.
Below you’ll find resources that do the talking for me.
If you prefer reading, I recommend this post, the book Broken Money or The Bitcoin Standard.
fyi
Some videos occasionally mention Bitcoin. Don’t think too much about it. This is not about bitcoin.
But for context: The thesis (and it’s only a thesis) is that Bitcoin is a better version of Gold, so called hard money i.e. good money. So when Bitcoin is mentioned just imagine Gold. They are not interchangeable but, for the sake of understanding, imagine they are.
If you have one or two minutes to spare, feel free to skim through the two links to get a nice introduction of 1971, money and the future to come.
https://wtf.blocktrainer.de/ (Translate the site to english if you do not understand german)
(Optional) Same site, but worse quality, in English:
https://wtfhappenedin1971.com/
- (German recommend)
- Euro und Geld
- Euro und Geld (Extended) (optional)
- (English)
- What Happened in 1971 | The Year The World Changed
- How Humans Ruined Money
- What is money? | Saifedean Ammous and Lex Fridman
- Gold Standard Explained | Saifedean Ammous and Lex Fridman
- What Comes Next
- The 7-Stage Collapse Pattern
- The Exit Manual
- Saifedean Ammous: Austrian Economics - Lex Fridman (optional but recommend)