The top five credit card companies have banned the use of their credit to purchase cryptocurrencies. This is very telling. The banks are concerned that the use of such credit is going to an unsafe investment. Credit cards are meant for consumer purchases, not investments. Much of the Bitcoin phenomenon has been made up of…
Bitcoin is the monetary scheme that refuses to go away. In the past, we’ve seen the instability and inherent flaws in the currency. But right now we’re seeing something interesting. The value of Bitcoin has increased 15% since last Friday reaching $3,230 per token. The Bitcoin community is celebrating this increase in the wake of…
We can all see that money has power in society, but where exactly does it come from? More specifically, how do we Marxists see where the power of money comes from? There are many differing opinions on this, the most famous one being the religious idea that money is the root of all evil. But…
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