Timechain Newsletter 05

Newsletter 03.03.2023

Timechain Newsletter 05

#5 - Timechain Newsletter

The business model of the state is rent extraction from its citizens in exchange for goods and services

This rent extraction comes in the form of taxes and money printing

The cost of money printing is hidden but manifests as ‘inflation’

This inflation causes economic instability and social decay, which pushes even democracies into a state of authoritarianism to protect the system thought to do such good for so many

Bitcoin acts as a check on state power through separating money and state, allowing democracies to truly serve the interests of the people

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