thecurator

bitcoin

The Curator travels 15 years back in time, an provide you with this masterpiece of a book.  An absolute must read. 

The Curator's resume: 

The Ethics of Money Production is a book written by Jörg Guido Hülsmann, a German-Austrian economist and professor of economics at the University of Angers in France. The book was first published in 2008.

In the book, Hülsmann argues that the production of money should be subject to ethical principles, just like any other economic activity. He explores the history of money, the various forms of money that have been used throughout history, and the ethical implications of different monetary systems.

Hülsmann critiques the modern monetary system, which he sees as based on a system of fiat money, where money is not backed by any commodity such as gold or silver. He argues that this system is inherently unstable and prone to inflation and financial crises.

He then goes on to propose an alternative monetary system based on a free-market approach, where money is produced by private entities and subject to market competition. Hülsmann believes that such a system would be more stable and ethical, as it would be subject to market discipline and the rule of law.

Throughout the book, Hülsmann draws on the works of prominent economists such as Ludwig von Mises and Friedrich Hayek, as well as the teachings of the Austrian School of Economics. He also addresses common objections to his arguments, such as the claim that private money production would lead to a proliferation of different currencies and economic chaos.

It's a thought-provoking and informative book that challenges conventional wisdom about the nature of money and the role of government in its production. It is also an important contribution to the field of monetary economics. 

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The Curator



The Ethics of Money Production

On the subject of the right to privacy and freedom of speech, here are what The Curator consider some of the most important words ever written, compiled into 10 commandments, and at the same time providing you, my friend, with some awesome writers to dig into. 

1. Respect that a man's home is his castle.  - based on the writings of Cicero

2. Spread knowledge, as liberty cannot be preserved without general knowledge among the people. - based on the writings of Cicero

3. Fight for freedom of speech, as it is a principal pillar of a free government; taken away, the constitution of a free society is dissolved, and tyranny is erected on its ruins.  - based on the writings of Benjamin Franklin

4. Be confident. If liberty means anything at all, it means the right to tell people what they do not want to hear. -  based on the writings of George Orwell

5. Don't ever give up freedom for safety, because then you deserve neither. - based on the writings of Benjamin Franklin

6. Deal with fear head on.  - based on the writings of Aristotle

7. Do not engage with a society that puts equality before freedom. Take part in the building of a society that puts freedom before equality, and get a high degree of both. -  based on the writings of Milton Friedman

8. Be yourself, even in a world that is constantly trying to make you something else. That is the greatest accomplishment. - based on the writings of Ralph Waldo Emerson

9. Acknowledge the right to be let alone. It is indeed the beginning of all freedom.  - based on the writings of Justice Louis Brandeis

10. To be free, you must guarantee an equally full measure of liberty to all your neighbors.  - based on the writings of Carl Schurz

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The Curator

The right to privacy and freedom of speech. 

For the lovers of books, ideas and the first thoughts around decentralized money, this book is a must read: 

https://cdn.mises.org/Denationalisation%20of%20Money%20The%20Argument%20Refined_2.pdf

Short resume: 
The author argues for a radical reform of the monetary system. Hayek suggests that the government's monopoly on the issuance of money is the root cause of inflation, recessions, and economic instability. He proposes a decentralized monetary system, in which private institutions are allowed to issue their own currencies, and competition in the market determines which currency is preferred by consumers.

Hayek suggests that the use of a single, government-issued currency is a barrier to economic growth and that a competitive market for currencies would be more efficient and lead to greater stability. The book outlines a proposal for a system in which banks would be allowed to issue their own currencies, backed by assets such as gold or foreign currencies. Consumers would then be free to choose which currency to use, based on their perceptions of its value and stability.

Hayek's proposal for a decentralized monetary system was controversial when it was first published in 1976 but has gained renewed attention in recent years with the emergence of decentralized cryptocurrencies like Bitcoin. The book remains an influential work in the fields of economics and monetary theory, and its arguments continue to be debated and explored by economists and policymakers around the world. 

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The Curator

Denationalisation of Money

Go back to the root's bitcoiner. Don't loose sight of the core principles. 

https://www.youtube.com/watch?v=ONvg9SbauMg&t=743s

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The Curator

The Stories We Tell About Money

Enjoy one of the first articles on Bitcoin written by MSM:

https://www.pcworld.com/article/499375/could_wikileaks_scandal_lead_to_new_virtual_currency.html

Some of you can close your eyes and take a trip down memory lane. For the others, late to the party :) , it's a little piece of history. 

Notice: The author of the article received this e-mail from an angry early adopter: 

"I appreciate PC World finally doing an article about the most revolutionary and amazing new technology of the 21st Century so far --- Bitcoin.

However, this really is lazy journalism.

The article implies that Bitcoin was invented as a RESULT of Wikileaks troubles...  as sort of an alternate SOLUTION to Wikileaks donation funding troubles.

That is NOT TRUE.

The truth is:  Most "Bitcoin.org Forum" members want no association with Wikileaks whatsoever.

The Creator of Bitcoin, Satoshi, has even made a public plea to Wikileaks NOT to accept donations via Bitcoin.

The truth is quite the opposite from the impression that this story leaves.

Most in the Bitcoin Community do NOT want Bitcoin to be associated with Wikileaks in any way.


Bruce Wagner
New York City"


Notice 0.1: 
Angry as he is, he did not mention this quote from the article: "Bitcoin is the creation of Japanese programmer Satoshi Nakamoto"

Notice 0.2: 
Bruce Wagner lost 25.000 BTC in the MyBitcoin scandal, 12 years ago,

Let's wrap it up with some comforting words from an anonymous user: 
"Poor guy. I feel sorry for everyone who lost bitcoins, but much respect for Bruce Wagner. He's a credit to the community. He lost 25000BTC and is still committed to bitcoin."

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The Curator.



Could the Wikileaks Scandal Lead to New Virtual Currency?

The curator appreciates and nurtures talent. 

As an information chemist the curator is on a mission to preserve great ideas, dig for the first seeds, discover the beginning of movements and mix it all together in a way to build an info-citadel.
A citadel that protects it's visitors from becoming rude, shallow and historyless souls, with no merit to their words.

Instead, the curator wants to give everyone a chance of being able to value, respect and acknowledge the talent. 
The talent that by a deep love and understanding for individual freedom and it's crucial role in building a truly free and open society, made sure that your ability to dream and fight for freedom and privacy in the digital age, still exists. 