1) non-sovereign money has vast historical precedent and is extremely valuable, 2) don't lose your bullion to the pirates -- secure key management is crucial, 3) insist on the real thing -- don't overly depend on debasable local forms such as exchange ledger entries.
Trust-minimized global money was the precious metal itself, not the form it took. Silver mined in the New World took various forms as it was traded and taken and spread around the world: ingots, coins, and wires among others.pic.twitter.com/XFw8okKxlc
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Unfortunately the silver mined in Mexico was brutally obtained by enslaving the indian population. Thankfully now money is produced with minimal human labor with crypto mining. As always technology saves the human race.
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we’re learning about Bitcoin and cryptocurrencies in my high school Economics class & I have a lot of questions that only an expert could answer. Could you help?
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Have you considered any response to the fact that currency is ultimately not money? De-centralization is absolutely critical, but if it’s ultimately irredeemable it’s not money. If you have any suggestions on where to read more about this particular issue, I’d much appreciate!
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Hello Satoshi
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Bureaucratic pressure stomps on the most of the world with money that is backed by the authority, fear and will of stagnation. We have came once again to the point where money costs something. Will we be able to break current system,in your opinion? How soon?
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Time for smartmoney
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Do you plan to compile a selection of your insights and articles into a book? I would love to assist in the legwork if so. I’m reading through the archives over the next months either way.
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