Interview with Movie Producer Tony Caradonna – First Ethereum Financed Movie ‘The Pitts Circus’ with ROI
The Ethereum platform is supporting many exciting new developments. We caught up with Tony Caradonna from ‘A Ken Evil Thing’ to discuss a movie that he is working as producer on called ‘The Pitts Circus’.
Hyperinflation has destroyed the economic prosperity of Venezuelans. The oil-rich nation is now home to some of the highest crime rates in the world, and the banknotes required to conduct everyday life there are reminiscent of Germany’s Weimar Republic. Venezuela’s government has proven itself inept by printing money and spending themselves to oblivion, and by making everyday trade more difficult in their attempts to curtail the resulting hyperinflation. We heard from Leon about the challenges his family are facing in Venezuela, and how his discovery of Bitcoin has given him new hope for his family’s future.
Absent unexpected shocks in world markets, any rate hikes by the Fed this week could see moderate short-term Bitcoin selling pressure as some holders sell and move into safer asset classes that offer improved returns. Seen in isolation, the longer-term effects of a rate hike would likely see capital returning to Bitcoin markets as its effects are felt by businesses and international trading partners. Higher-risk altcoin markets are likely to fall against Bitcoin as they use it as a reserve currency to escape to the safer US dollar.
There are three main criteria that we define money by: to be used as a means of exchange, a reliable store of value and use as a unit of account. Existing cryptocurrencies are already meeting two of these functions – acting as a medium of exchange and unit of account. Market price volatility has prevented cryptocurrencies from becoming a reliable store of value to date, but that could change as the market for them continues to grow, and they become more accepted by the mainstream.
Op-Ed Politics, Money, and Wealth Inequality: How Fiat Money and The Political System Entrench Wealth Inequality, and What You Can Do About It.
Growing income and wealth inequality has afflicted most nations, regardless of the political and economic systems in place. Credit creation by banks and the government inflates the money supply; creates stock and property bubbles; and leaves the general populace to pay the taxes used to repay debt owed to affluent bond-holders. The overall effect is to make the rich richer.