February 2025
Executive Summary
Diminishing Marginal Returns
Introduction
YOU'LL NEVER VIEW MONEY THE SAME WAY AGAIN
"TheDebaucheryofCurrency:ABloody HistoryofMoney"isanunconventional book that takes you on a shocking journey through the tumultuous history of money. This captivating book uncovers the consequences of poor monetary economics and explains the fundamentalconceptsofmoneyitself.It sheds light on the nature and value of money,explainingwhygoldandbitcoin serve as protectionagainst the ravaging effectsofcurrencydebasement.
You'lllearnhowinflationanddebthave destroyed societies through war and bloodshed.Itexplainstheweboftrust, scarcity, and societal consensus underlying the worth of money. From ancient civilizations to modern economies, "The Debauchery of Currency" provides insight into the causes of the violent cycles of wealth creation and destruction. With meticulously crafted content, this book offers valuable insights into how the turbulent past of money led to Bitcoin being called "digital gold." It examines howBitcoinalignswiththeprinciplesof good money established throughout history. This fresh perspective on the evolving finance landscape helps you understand why Bitcoin resonates as a groundbreakingformofcurrency.
"TheDebaucheryofCurrency"isnotjust informative—it is a thought-provoking journey that brings history to life. Through engaging examples and a comprehensive glossary, it serves as an invaluable resource for both seasoned investors and beginners. This concise guide breaks down complex concepts into easily digestible chapters, ensuring accessibility and engagement for all readers.
2 180 80
3 240 60
4 280 40
Thefirstminereasilycollects surfacegoldwithlittleeffort.
Thesecondminerworks efficiently but must dig slightly deeper, requiring moreeffort.
Thethirdminerextractsfrom less-accessibleareas,taking longertoproducegold.
The fourth miner faces crowdinganddiminishing returns,aseasilyaccessible goldisgone.
5 300 20
Atthispoint,minersare struggling to extract remaining low-yield deposits. Origins of the Bitcoin DMR Myth
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Why DMR Fails for Bitcoin
Price History
Capital Flow Analysis
Technology Adoption
Market Dynamics
Primary Versus Secondary Market Pricing
There is Unbounded Growth Potential in Virtual Space
Bitcoin Mining Considerations
Mathematical Analysis: DMR and Adoption Curves
DMR Doesn't Apply in Early Production Stages
DMR Doesn't Apply in Early Adoption Stages
Mathematical Proof
DMR Doesn't Apply to Network Effect and Information Assets
Empirical Evidence
Calendar Year Returns
Returns Analysis
Monthly Return Distributions
Flow Analysis
Conclusion