"To provide broader context, the Federal Reserve, the Bank of Japan and the European Central bank have collectively created $10 trillion dollars-worth of new money since the financial crisis, the equivalent of approximately $500,000 per bitcoin. Despite dollars, euro, yen and bitcoin all being digital, bitcoin is the only medium that is tangibly scarce and the only one with inherent monetary properties."  - Parker Lewis

Continuing the awesome Gradually, then Suddenly series on the Unchained Capital Blog, we hit today's read, Bitcoin is Not Backed by Nothing. An amazing journey through the nature of our current monetary insanity, & the profound immutability of Bitcoin it must now compete with. TL;DR there is no comparison.  
https://www.unchained-capital.com/blog/bitcoin-is-not-backed-by-nothing/

Don't forget to check out the Unchained Capital Blog and the other amazing parts of this Series by checking out the Uchained Collection Below:
(check back soon)
https://www.unchained-capital.com/blog/

Don't forget that if you are enjoying the show & would like to support my work in turning all of the most fascinating and profound works in the Bitcoin space into the audio versions they deserve, become a patron! Not to mention you will get access to the Crpytoconomy Telegram Crew where we hang out and worship the Light of Nakamoto! XD
www.patreon.com/thecryptoconomy

---

Send in a voice message: https://podcasters.spotify.com/pod/show/bitcoinaudible/message