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Macro strategist Lyn Alden says that in a global economy underpinned by an inflationary system, Bitcoin (BTC) stands as worlds best ledger.

In a new interview with Bitcoin proponent Peter McCormack, Alden says BTC is the ideal solution for the problems of the current monetary system.

One problem is that we have an inflationary system. Thats problematic enough in developed countries. In smaller and developing countries, they have much higher inflation levels on average, and usually within a lifetime they experience hyperinflation. They just lose their savings if they were holding that currency

Number two is the fact that its all mostly permissioned. You need permission from your bank to do things. In some countries, thats pretty benign. In other countries that are more authoritarian, and according to estimates from Freedom House the way they depict it about half the world lives under something thats classified as authoritarian or semi-authoritarian. So permission systems are obviously a big problem in that regard.

So the combination of not having developed savings and payments technology thats pretty open and having inflationary currencies is really bad for a lot of people around the world.

According to Alden, money is simply a ledger and Bitcoin creator Satoshi Nakamoto designed the worlds best ledger due to BTCs portability, verifiability and transparent scarcity.

I think the best way to describe money is either the most salable good, which is the more commodity-oriented view of money. I think thats accurate. Another way to describe it is that its ledgers. Usually, ledgers correspond to commodity moneys in history, but they dont have to, obviously in the current era. In that sense, the best ledger the one that you cant fudge the numbers, is not opaque the combination of the best ledger with a hard unit of account in that ledger system is a pretty marvelous revolution.

[Bitcoin] is basically faster than gold but more auditable and harder than fiat. It acts as its own decentralized transfer agent and registrar. Its a marvelous technology.

At time of writing, Bitcoin is swapping hands for $19,950, flat on the day.

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Macro Guru Lyn Alden Says Bitcoin Is the Worlds Best Ledger, Calls BTC a Marvelous Tech Revolution ?... - The Daily Hodl