Let me issue and control a nation's money and I care not who writes the laws.
I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the government at defiance. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.
By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value.
I don't believe we shall ever have a good money again before we take the thing out of the hands of government, that is, we can't take them violently out of the hands of government, all we can do is by some sly roundabout way introduce something they can't stop.
Bitcoin is a remarkable cryptographic achievement and the ability to create something that is not duplicable in the digital world has enormous value.
What is Bitcoin
Bitcoin is a form of digital money that allows people to send and receive value directly to each other, without the intervention of banks or other central institutions. It operates through a global network of users who validate and record transactions, enabling fast payments with lower costs, even internationally.
In addition, Bitcoin is characterized by having a limited supply, making it similar to a valuable and scarce resource, like gold. This builds confidence in its long-term value, as its predetermined quantity helps prevent the inflation typical of traditional currencies.
