Replacing The U.S Dollar With Bitcoin: Leaving The Gold Standard Today

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Many a Bitcoin maxi have been asked the question, “Ok, but how does bitcoin replace the dollar?” Here’s my attempt to answer that question.

This will be a short series, the first of which discusses what caused us to lose the gold standard, the second discusses architecture and the third seeks to offer solutions within those frameworks.

I’ll begin by reminding the reader that I am neither a skilled developer, nor a practiced economist. I welcome criticism of my worldview and hope that you will expand on my shortcomings with your own works, or suggestions to this one. With that being said…