Bitcoin News and Finance: What You Need to Know

BitGesell represents a deflationary cryptocurrency that closely resembles bitcoin, but comes along with a few design changes. Its value proposition stems from Silvio Gesell’s financial market philosophy, who imagined monetary units that lose their value over time through demurrage. To keep things simple, BitGesell achieves scarcity through the means of accelerated block reward halvings and transaction fee burns. The Dawn of the Crypto Age & Replacing Outdated Fiat Over the last few years, the worldwide financial system has continuously lost its legitimacy, thereby positioning itself on the path to collapse. The key reason behind this downfall consists of monetary devaluation fueled by soaring levels of public debt. Instead of employing viable strategies for debt management, some governments prefer to keep themselves solvable via shameless money printing. In doing so, inflation rises so fiat money loses its purchasing power. Luckily, this is the onset of a new era – the cryptoc...