The Game is RIGGED

All scenarios portend more central bank money printing and currency debasement unless the government wants to let the entire banking system fail.


The post-2008 global financial system is a rigged game, set up by politicians and the eight largest banks, deemed "Too Big To Fail" (TBTF) by regulators.

Yet, deposits are flowing out of the banking system, and all non-TBTF banks are at risk of failure. The outflow is driven by consumers moving deposits to TBTF banks, either to reduce risk of loss, or to earn more interest with money market funds.

The Fed could prevent non-TBTF banks from failing by cutting rates, or extending collateral to every loan on U.S. bank balance sheets. These options would lead to a decline in the price of money or an increase in the supply of money, respectively. Both of which happen to be bullish for bitcoin.

If the Fed takes the third option and keeps raising rates to combat inflation, more community banks will go bankrupt. This would be destructive to communities and small businesses, but remains the most likely scenario.

All possible futures portend more central bank money printing and currency debasement – unless the government takes the "nuclear option" and lets the entire banking system fail under the weight of 2008.

It's a rigged game. And sadly it is you, the consumer and taxpayer, who is the mark.

All signs point to bitcoin.


2017 called. They want their Blocksize War back.

There has been heated discussion amongst bitcoin thought leaders on the BRC-20 token standard, ordinals, and inscriptions. Ordinals allow for inscribing arbitrary content on the blockchain, leading to NFT production on bitcoin. BRC-20 is slightly different and has resulted in sky-high transaction fees. As Nic Carter describes:

BRC-20s are issued with a “proof of burned fee” mechanic, in which users must sacrifice transaction fees in order to create new tokens. This has driven fees in the short term to eye-watering levels, pricing out other sorts of conventional usage.

[The upside] Fees change naturally according to free market dynamics, and the BRC-20/Ordinals craze should fade soon. The current high fees are also a preview of fees in a hyperbitcoinized world. This has generated renewed interest in scaling Layer 2 solutions such as the Lighting Network, the correct method for scaling bitcoin.

Florida bans

Responding to Governor Ron DeSantis's urging, Florida's legislature has passed a bill, HB 7049, that defines CBDCs (Central Bank Digital Currencies) and prohibits their use as money in the state of Florida. The bill passed with a near-unanimous vote.

The U.S. Department of the Treasury is creating the technology needed to develop a CBDC, prompting states like Florida to draft legislation to protect its citizens from Treasury's actions. The bill will take effect on July 1 – if DeSantis signs it.

Powell's confidence problem

A Gallup poll shows only 36% of respondents have confidence in Federal Reserve Chair Jerome Powell's ability to do the right thing for the U.S. economy, the lowest rating for any Fed Chair in six years. The broadening belief that the economy is heading for turmoil due to negative real wage growth and recession risk drives this loss of confidence.

The poll also reveals bad news for President Biden, whose confidence rating was revealed to be 35%, the lowest of any president since George Bush during the 2008 global financial crisis. 

Coinbase v. SEC

A U.S. court has ordered the SEC to respond to Coinbase's complaint regarding the SEC's regulation of digital assets. The complaint claims that the SEC's guidance for U.S. crypto companies is insufficient and needs clarity. The SEC must respond within ten days, and Coinbase has seven days to reply. The deadline is in response to a 2022 petition for formal rulemaking within the digital assets sector, which the SEC has yet to answer.


Insight from bitcoin thought leaders about what it’s like to use bitcoin every day in business, relationships, and life.


  1. PayPal disclosed nearly $1 billion in cryptocurrency customer deposits on its balance sheet, much of it in bitcoin.

  2. Bentaus Mining develops a bitcoin mining technician course at Florida State College, Jacksonville.

  3. Stripe launches a new onramp for customers to buy bitcoin and other cryptocurrencies.

  4. Human Rights Foundation grants $455,000 to bitcoin projects across the globe.

  5. Bitcoin News launches new live show, "Bitcoin & Beyond."

  6. Montana passes a pro-bitcoin mining bill, giving miners the right to mine “without being subjected to undue discrimination or requirements.”


Learn one key idea about bitcoin each week. This week: Bitcoin is poised.

Satoshi Nakamoto created bitcoin for a reason – unhappiness with corrupt, crony-capitalist central banking.

Central banks have generated sustained inflation, as well as frequent recessions and depressions, harming countless people. Rampant money printing has created a system that works against anyone who is not within the politically favored class with direct access to the money printer.

Since bitcoin's invention, central banking and traditional finance have only gotten worse. Now, it is possible to say that the system is not only rigged – it is failing.

All signs point toward bitcoin as a way for individuals and institutions to escape the central bank's grip, paving the way for massive adoption. Like a rocket sitting on the launch pad with all systems go, bitcoin is poised for takeoff.

Roughly 2.2 billion people worldwide currently face double-digit inflation. As inflation continues, it is reasonable to expect governments and central banks to impose stricter capital controls and censorship – preventing citizens from seeking alternative fiat currencies.

Increasing bitcoin adoption rates in these politically unstable regions is an encouraging trend.

Yet, bitcoin is not only poised for growth outside of the West. The Western financial system is doomed- and many will jump ship (into bitcoin) as central banking falters.

At the same time as macroeconomic factors necessitate a solution like bitcoin, bitcoin's infrastructure is solidifying. Companies (like Coinbits) are making it easy for individuals and institutions to save and transact with bitcoin. Investment in the ecosystem continues rapidly.

Any way you look at it, bitcoin is poised for explosive growth as it protects more people from the failing fiat system.

Are you ready to get started with bitcoin? Coinbits is the best option. It's quick, safe, and free to create your account – sign up now.


In the early days of Bitcoin, two pizzas were famously purchased using 10,000 BTC. What was the exact date of this transaction?

  1. May 22, 2010

  2. July 20, 1969

  3. October 31, 2008

  4. July 12, 2010

Check your answer at the end of the page.



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Answer: A. May 22, 2010

Bitcoin Pizza Day commemorates the first day anyone (that we know of) bought physical goods using bitcoin. Laszlo Hanyecz, a programmer and early bitcoin miner, purchased two pizzas in exchange for 10 thousand bitcoins. His express purpose was to assist in the recognition of bitcoin as money by using it in trade.