Why Bitcoin is not a socialist’s ally - Yanis Varoufakis

Funny Twitter Convo: Fmr. Greek Finance Minister Varoufakis vs. Bitcoin

Apparently, in 2012 Yanis Varoufakis (who was the Greek Finance Minister until he quit after the recent referendum farce) responded to one of my tweets regarding Bitcoin. I only noticed this because of Michele Berionni's tweet today.
The Tweets: Erik Voorhees ‏@ErikVoorhees 1 Oct 2012 @yanisvaroufakis @HostFat It is regulated, only by mathematics instead of politicians.
Yanis Varoufakis ‏@yanisvaroufakis 1 Oct 2012 @ErikVoorhees @hostfat If only that we're possible. Stores of value and means of exchange can only be regulated by human agency.
Yanis Varoufakis ‏@yanisvaroufakis 2 Oct 2012 @HostFat @Derek701 @ErikVoorhees Mathematics cannot protect one's holdings of bitcoins - as bitter experience has proven.
Michele Berionni ‏@elianto76 3m3 minutes ago [email protected] @HostFat @ErikVoorhees so far it has protected my holdings much better that many politicians have proven to be able to do
The price of Bitcoin was about $12.50 when Varoufakis made his comment.
Bitcoin has since appreciated 20x. Greek debt and misery has soared in similar fashion...

Scoreboard

Source: https://twitter.com/elianto76/status/621754049499656192
submitted by evoorhees to Bitcoin [link] [comments]

Solution for Greece

I twittered Yanis Varoufakis that Greece should buy up half the Dogecoins and then announce they would value them as a parallel currency at 1 euro each. This would would probably cause the value to increase and commerce to use them like with bitcoin. Greece could intelligently and slowly swap them for euro to pay off debt
submitted by jrcortright to dogecoin [link] [comments]

Yet Another Nineteen - The members of this organization just dictated a set of terms that the government of Greece must enact on their people for the privilege of using their fancy paper for business transactions.

...despite the fact the the Greek government is charged with working for their constituents, not the Eurogroup.
Here is a simple wiki Link of the membership of the Eurogroup, as well as their proposal here (yeah, it's Reuters but that article is referenced by numerous other news agencies and I haven't been able to find the draft from the Eurogroup site so if you can find it leave it here and I'll edit OP).
I've been following this situation pretty closely and finished reading Yanis Varoufakis' book The Global Minotaur recently as this has been an extremely fascinating saga over the last few months. Recommended at thos point if you don't have anything pending to read.
I also want to contrast this with this video from this post by our very own (dare I say) TheAthiestPriest that I urge you all to check out today.
In it he makes great points about symbolism with flags (certainly appropriate and topical given the Confederate flag kerfuffle), and ends talking about money.
I'd also like to drop on an idea I've had for awhile and a reference to something glossed over in the history of pre-Revolution America and it's monetary policy - the [Massachusetts Bay Note](www.bostonfed.org%2feducation%2fpubs%2fhistoryo.pdf): (PDF)
In 1690, the Massachusetts Bay Colony was authorized to raise troops to help British soldiers fight in King William's War. The King allowed the colony to pay soldiers with Bills of Credit - a promise to pay in the future - printed on paper by the colony. The crudely printed notes were issued in denominations of five, ten, and twenty shillings. They read:
"This indented Bill of Five Shillings due from the Massachusetts Colony to the Possessor shall be in value equal to money and shall be accordingly accepted by the Treasurer and Receiver Subordinates to him in all Public payments and for any stock at any time in the Treasury - New England, February the third, 1690. By order of the General Court."
The bills issued by the Massachusetts colony circulated freely, and eventually each New England province began to print its own notes. The bills were meant to represent shares of commodities such as corn, grain, cattle, and ultimately silver. Some of these early experiments with paper money were successful, but in many cases the bills were seldom redeemed as promised because of the shortage of gold and silver coin. As they became more and more popular, the bills were redeemed less often; however, the colony kept issuing them, causing their value to drop.
This was a neat instance where the notes themselves were debt-derived, but linking them to a consistent quantity of something that was necessary for colonial life virtually eliminated inflation and encouraged the production of these things (so the more productive local farmers/businessmen were, the better off they were). Sounds neat, right?
Eventually, various acts culminating with the The Stamp Acts in 1765 banning the issuance of currency in the colonies independent of the Crown.
I know you've alll heard of bitcoin. Some of you are probably against, some of you are all in. Maybe some of you have some.
Now, here's the idea. What about a crypto-currency linked so such a thing? What if a community agrees on a set of items that this coin was worth? Maybe not cattle and corn as I doubt many of us are farmers and ranchers here... But that doesn't mean we can't be productive and produce something for ourselves and our community. I've talked a bunch about my projects involving making soup from scratch and using the left over animal fat to make soap.
I know a bunch of you have experimented with Victory Gardens, and here I'll try and summon moonpurr to chime in as that user in particular has been very active in these conspiracy communities and /UnitedWeStand about throwing seeds peoples' ways to get them started.
There are numerous other things - but those are the one's I've been playing with.
So, in sum - my idea is this - what about instead of a nation's people instead of submitting to the demands of 19 people in Brussels, we take this example of the negatives of increasingly centralized banking institutions which inevitably lead to the relinquishing of a government's control of their currency/monetary policy, a currency is minted digitally using the community's computing power to create an small economy devoid of inflation and backed by things people use day-to-day (soap, eggs from backyard chickens, locally made pottery, or even objective news analysis...) that are valuable to both our physical and mental health? And at the same time not use Federal Reserve notes in the process?
I doubt it would scale well (you'd need locals on board in your area of course for most perishable things), but I think it's as good a time as any to share this idea at least.
What do you all think?
submitted by JamesColesPardon to C_S_T [link] [comments]

12-27 09:32 - 'Basic Income Bitcoin™️ Network' (self.Bitcoin) by /u/VictorMichelle removed from /r/Bitcoin within 6-16min

'''
Bitcoin™ ️ | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™️ Network In order Basic Income Bitcoin™️ Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™️ Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™️ | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™️ Network large enough & financial source to paying the basic income may come from Bitcoin™️ Miners & Bitcoin™️ Transaction Fees. Basic Income Bitcoin™️ Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™️ (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™️ CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™️ Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™️ Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™️ based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™️ (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™️ users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™️ economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™️ Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™️ Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™️ Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™️ is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™️ Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™️ Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™️ Network, where the Bitcoin™️ (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™️ Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™️ (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
'''
Basic Income Bitcoin™️ Network
Go1dfish undelete link
unreddit undelete link
Author: VictorMichelle
submitted by removalbot to removalbot [link] [comments]

[uncensored-r/Bitcoin] Basic Income Bitcoin™? Network

The following post by VictorMichelle is being replicated because the post has been silently removed.
The original post can be found(in censored form) at this link:
np.reddit.com/ Bitcoin/comments/7me0nh
The original post's content was as follows:
Bitcoin™ ? | Bitcoin Time Mining Due to mining complexity growth, B.TM becomes time miners spent to find the next block and receive the award by Bitcoin™ iOS & Android Mining Programm (CellPhoneMiners)
Manifesto “All Human Beings Are Born Free And Equal In Dignity And Rights". United Nations | Universal Declaration of Human Rights 10 December 1948, Resolution 217, Palais de Chaillot, Paris, France.
Problem Basic Income Bitcoin™? Network In order Basic Income Bitcoin™? Network to become the mainstream used in global transactions, ubiquitous and efficient, it will require a critical mass of users. At the same time, millions of people around the world do not participate in the financial system because of restricting access by starting capital. With Basic Income Bitcoin™? Network activation, 2 interlocking sets of problems will be resolved: - growing inequality in access by those at the bottom to the most basic goods and services; - growing disillusion with public programs designed to address these problems. Mark Zuckerberg argues that automation and robotisation also will take a lot of jobs in the years to come, and that basic income in USA is especially needed because of that. Nathan Schneider, Vice magazine journalist, has also highlighted the fact that several in the "tech elite" nowadays are quite pro-basic income. The need for a universal basic income is becoming more apparent as the world makes strides in technological advancement. The impending damage that will be dealt with the economy will be far reaching and affect many people. With a rising unemployment rate, poverty stricken communities will become more impoverished and cause a decline in livelihood worldwide.
Solution Bitcoin™? | Personal Finance Exchange System Victor Michelle estimates that Satoshi Nakamoto support a Basic Income Bitcoin™? Network large enough & financial source to paying the basic income may come from Bitcoin™? Miners & Bitcoin™? Transaction Fees. Basic Income Bitcoin™? Network is a form of social security in which all users receive a regular, unconditional sum of Bitcoin™? (B.TM), independent of any other income. Basic income which is financed by the Bitcoin™? CellPhoneMiners all over the World (social dividend, also known as users dividend) are major components in many proposed models of market socialism. Basic income schemes have also been promoted within the context of capitalist systems, where they would be financed through various forms of taxation. Prominent advocates of the basic income concept include Elon Musk, Mark Zuckerberg, André Gorz, Ailsa McKay, Guy Standing, Karl Widerquist, Hillel Steiner, Peter Vallentyne and Philippe Van Parijs. Bitcoin™? Community aim at using goods and services within the Personal Finance Exchange System and countering inequality by giving everyone the chance to get involved in financial system. Personal Finance Exchange System based on Blockchain & allows Bitcoin™? Community to buy and sell goods and services. It is international in scope since it uses Bitcoin™? based on growing cryptocurrency users, so, in 2020 the system may handle much of international world private commercial activity and uses Personal Finance Exchange System to serve as an international exchange system and as a Marketplace. We suggest Blockchain is a means of empowerment for all people. An advantage cited is that a destitute person can begin trading, since it does not require such a person to first have an acceptable credit history or credit score. Regardless of a person's financial situation, each person's new contributions have exchangeable value based on the worthiness of their contribution. We claime that the Bitcoin™? (B.TM) comes into existence only when a trade happens and, as a result, there is no risk of inflation or deflation since the system is transparent for all Bitcoin™? users.
Social Significance We Bring People in Blockchain The key concept of the Blockchain economy is that human capital can be treated as business product, as educational and innovative intellectual products and services can be exported for a high value return. The key component of a Blockchain economy is a greater reliance on intellectual capabilities than on physical inputs or natural resources. It is personal asset based approach, which focuses on the contributions towards their communities that everyone can make. The Bitcoin™? economy effect using appropriate technology and methods, virtual marketplaces and virtual organizations that offer benefits of speed, agility, round the clock operation and global reach can be created. These characteristics require new ideas and approaches by Blockchain users. Digital economy has manifold forms in which it may appear and extend radically, creating a pattern in which even private/personal currency will be recognized and identified as a commodity. Personal Finance Exchange System based on Basic Income Bitcoin™? Network could rebuild the infrastructure of trust and caring that can strength communities and would enable individuals and communities to become more self-sufficient, to insulate themselves from the vagaries of politics and to tap the capacity of individuals.
Commercial Significance Invest in Human Development Basic Income Bitcoin™? Network allows for economic growth. People may decide to invest in themselves to earn higher degrees and get interesting and well-paid jobs that, in turn, could trigger growth: Digital private assets; Cryptocurrency market capitalization; Crypto liquidity; International crypto cooperation; Freedom of investments & Individual’s free access to the capital market;
Technical Bitcoin™? Payments The technology requirements for the Personal Finance Exchange System must be able to disseminate a unified process by which a working method may converge scientific and technology solutions, and organizational solutions. Bitcoin™? is tax-exempt and uses as a means in Personal Finance Exchange System. Bitcoin™? Community encouraging exchange service, resist inflation, avoid hoarding, enable trade, and encourage cooperation among Stock Exchanges. Personal Finance Exchange System generates tangible and intangible values. The global economy is in transition to a Blockchain economy, as an extension of an information society led by innovations. The transition requires that the rules and practices that determined success in the industrial economy need rewriting in an interconnected, globalized economy where Bitcoin™? Community's resources such as trade secrets and expertise are as critical as other economic resources.
Conclusion Global Social Economic System Blockchain economy is also seen as the latest stage of development in global economic restructuring. Thus far, the developed world has transitioned from an agricultural economy to industrial economy, post-industrial/mass production economy to digital economy (largely the technology/human capital sector). That is why we believe that the next evolutionary step is the Personal Finance Exchange System, based on Basic Income Bitcoin™? Network, where the Bitcoin™? (B.TM) is now being shared among and across various networks for the benefit of all network members, to gain economic of scale in a wider, more open scale the gradual evolution of network economy would create a well interconnected economic order. Bitcoin™? Community becomes much easier to access results of networked data-bases which promote online interaction between users and producers. Personal Finance Exchange System and connectivity developments such as the Internet bring the global village ever nearer. As a result, goods and services can be developed, bought, sold, and in many cases even delivered over electronic networks. It can be argued that the digital economy differs from the traditional economy in several key respects: the economics are not of scarcity, but rather of abundance. Unlike most resources that are depleted when used, Blockchain economy can be amplified, where Bitcoin™? (B.TM) actually grow through iOS & Android Applications.
Basic Income Prominent Advocates: Eurasia: Philippe Van Parijs, Ailsa McKay, André Gorz, Antonio Negri, Osmo Soininvaara, Guy Standing, Susanne Wiest, Dieter Althaus, Yanis Varoufakis, Tim Berners-Lee, Christopher Pissarides, Angus Deaton, Björn Wahlroos, Tim Höttges, Götz Werner, Jonathan Reynolds, Varun Gandhi, Arvind Subramanian. America: Mark Zuckerberg, Elon Musk, Tim Draper, Robert Reich, Pierre Omidyar, Erik Olin Wright, Carole Pateman, Sam Altman, Chris Hughes, Dan Savage, Charles Murray, Bill Gross, Robin Chase, Peter Barnes, Andy Stern, Ryan Holmes, Paul Vallée, Guy Caron, Naheed Nenshi, Don Iveson, Keith Ellison. World: Eduardo Suplicy, Archbishop Desmond Tutu, Gareth Morgan, Andrew Little.
submitted by censorship_notifier to noncensored_bitcoin [link] [comments]

Yet Another Nineteen - The members of this organization just dictated a set of terms that the government of Greece must enact on their people for the privilege of using their fancy paper for business transactions [xpost from r/C_S_T]

...despite the fact the the Greek government is charged with working for their constituents, not the Eurogroup.
Here is a simple wiki Link of the membership of the Eurogroup, as well as their proposal here (yeah, it's Reuters but that article is referenced by numerous other news agencies and I haven't been able to find the draft from the Eurogroup site so if you can find it leave it here and I'll edit OP).
I've been following this situation pretty closely and finished reading Yanis Varoufakis' book The Global Minotaur recently as this has been an extremely fascinating saga over the last few months. Recommended at thos point if you don't have anything pending to read.
I also want to contrast this with this video from this post by our very own (dare I say) TheAthiestPriest that I urge you all to check out today.
In it he makes great points about symbolism with flags (certainly appropriate and topical given the Confederate flag kerfuffle), and ends talking about money.
I'd also like to drop on an idea I've had for awhile and a reference to something glossed over in the history of pre-Revolution America and it's monetary policy - the [Massachusetts Bay Note](www.bostonfed.org%2feducation%2fpubs%2fhistoryo.pdf): (PDF)
In 1690, the Massachusetts Bay Colony was authorized to raise troops to help British soldiers fight in King William's War. The King allowed the colony to pay soldiers with Bills of Credit - a promise to pay in the future - printed on paper by the colony. The crudely printed notes were issued in denominations of five, ten, and twenty shillings. They read:
"This indented Bill of Five Shillings due from the Massachusetts Colony to the Possessor shall be in value equal to money and shall be accordingly accepted by the Treasurer and Receiver Subordinates to him in all Public payments and for any stock at any time in the Treasury - New England, February the third, 1690. By order of the General Court."
The bills issued by the Massachusetts colony circulated freely, and eventually each New England province began to print its own notes. The bills were meant to represent shares of commodities such as corn, grain, cattle, and ultimately silver. Some of these early experiments with paper money were successful, but in many cases the bills were seldom redeemed as promised because of the shortage of gold and silver coin. As they became more and more popular, the bills were redeemed less often; however, the colony kept issuing them, causing their value to drop.
This was a neat instance where the notes themselves were debt-derived, but linking them to a consistent quantity of something that was necessary for colonial life virtually eliminated inflation and encouraged the production of these things (so the more productive local farmers/businessmen were, the better off they were). Sounds neat, right?
Eventually, various acts culminating with the The Stamp Acts in 1765 banning the issuance of currency in the colonies independent of the Crown.
I know you've alll heard of bitcoin. Some of you are probably against, some of you are all in. Maybe some of you have some.
Now, here's the idea. What about a crypto-currency linked so such a thing? What if a community agrees on a set of items that this coin was worth? Maybe not cattle and corn as I doubt many of us are farmers and ranchers here... But that doesn't mean we can't be productive and produce something for ourselves and our community. I've talked a bunch about my projects involving making soup from scratch and using the left over animal fat to make soap.
I know a bunch of you have experimented with Victory Gardens, and here I'll try and summon moonpurr to chime in as that user in particular has been very active in these conspiracy communities and /UnitedWeStand about throwing seeds peoples' ways to get them started.
There are numerous other things - but those are the one's I've been playing with.
So, in sum - my idea is this - what about instead of a nation's people instead of submitting to the demands of 19 people in Brussels, we take this example of the negatives of increasingly centralized banking institutions which inevitably lead to the relinquishing of a government's control of their currency/monetary policy, a currency is minted digitally using the community's computing power to create an small economy devoid of inflation and backed by things people use day-to-day (soap, eggs from backyard chickens, locally made pottery, or even objective news analysis...) that are valuable to both our physical and mental health? And at the same time not use Federal Reserve notes in the process?
I doubt it would scale well (you'd need locals on board in your area of course for most perishable things), but I think it's as good a time as any to share this idea at least.
What do you all think?
submitted by JamesColesPardon to conspiracy [link] [comments]

Yet Another Nineteen - The members of this organization just dictated a set of terms that the government of Greece must enact on their people for the privilege of using their fancy paper for business transactions [xpost from r/C_S_T]

poster: JamesColesPardon, original conspiracy link
...despite the fact the the Greek government is charged with working for their constituents, not the Eurogroup.
Here is a simple wiki Link of the membership of the Eurogroup, as well as their proposal here (yeah, it's Reuters but that article is reerenced by numerous other news agencies and I haven't been able to find the draft from the Eurogroup site so if yu can find it leave it here and I'll edit OP).
I've been following this situation pretty closely and finished reading Yanis Varoufakis' book The Global Minatour recently as this has been an extremely fascinating saga over the last few months. Recommended at thos point if you don't have anything pending to read.
I also want to contrast this with this video from this post by our very own (dare I say) TheAthiestPriest that I urge you all to check out today.
In it he makes great points about symbolism with flags (certainly appropriate and topical given the Confederate flag kerfuffle), and ends talking about money.
I'd also like to drop on an idea I've had for awhile and a reference to something glossed over in the history of pre-Revolution America and it's monetary policy - the [Massachusetts Bay Note](www.bostonfed.org%2feducation%2fpubs%2fhistoryo.pdf): (PDF)
>In 1690, the Massachusetts Bay Colony was authorized to raise troops to help British soldiers fight in King William's War. The King allowed the colony to pay soldiers with Bills of Credit - a promise to pay in the future - printed on paper by the colony. The crudely printed notes were issued in denominations of five, ten, and twenty shillings. They read:
>"This indented Bill of Five Shillings due from the Massachusetts Colony to the Possessor shall be in value equal to money and shall be accordingly accepted by the Treasurer and Receiver Subordinates to him in all Public payments and for any stock at any time in the Treasury - New England, February the third, 1690. By order of the General Court."
>The bills issued by the Massachusetts colony circulated freely, and eventually each New England province began to print its own notes. The bills were meant to represent shares of commodities such as corn, grain, cattle, and ultimately silver. Some of these early experiments with paper money were successful, but in many cases the bills were seldom redeemed as promised because of the shortage of gold and silver coin. As they became more and more popular, the bills were redeemed less often; however, the colony kept issuing them, causing their value to drop.
This was a neat insance where the notes themselves were debt-derived, but linking them to a consitent quantity of something that was necessary for colonial life virtually eliminated inflation and encouraged the production of these things (so the more productive local farmers/businessmen were, the better off they were). Sounds neat, right?
Eventually, various acts culminating with the The Stamp Acts in 1765 banning the issuance of currency in the colonies independent of the Crown.
I know you've alll heard of bitcoin. Some of you are probably against, some of you are all in. Maybe some of you have some.
Now, here's the idea. What about a crypto-currency linked so such a thing? What if a community agrees on a set of items that this coin qas worth? Maybe not cattle and corn as I doubt many of us are farmers and ranchers here... But that doesn't mean we can't be productive and produce something for ourselves and our community. I've talked a bunc about my projects involving making soup from scratch and using the left over animal fat to make soap.
I know a bunch of you have experimented with Victory Gardens, and here I'll try and summon moonpurr to chime in as that user in particular has been very active in these conspiracy communities and /UnitedWeStand about throwing seeds peoples' ways to get them started.
There are numerous other things - but those are the one's I've been playing with.
So, in sum - my idea is this - what about instead of a nation's people instead of submitting to the demands of 19 people in Brussels, we take this example of the negatives of increasingly centralized banking institutions which inevitably lead to the relenquishing of a government's control of their currency/monetary policy, a currency is minted digitally using the community's computing power to create an small economy devoid of inflation and backed by things people use day-to-day (soap, eggs from backyard chickens, locally made pottery, or even objective news analysis...) that are valuable to both our physical and mental health? And at the same time not use Federal Reserve notes in the process?
I doubt it would scale well (you'd need locals on board in your area of course for most perishable things), but I think it's as good a time as any to share thos idea at least.
What do you all think?
Discourse level: 100%
Shills: 0%
submitted by conspirobot to conspiro [link] [comments]

Talking To My Daughter - A Brief History of Capitalism // Yanis Varoufakis // Book 1 of 2020 Bitcoin - Intro to Political Economy, Lecture9 Cryptocurrencies: The way of the future? NOW Is The Time For Progressives To Rise Up And Win!

Yanis Varoufakis was Greece’s finance minister during the Greek economic crisis. In 2012, he explored utilizing a blockchain-based system to help manage some of the crisis. Varoufakis has spoken critically about bitcoin publicly on many occasions, he understands the power of bitcoin but feels its economics is dangerous. Greek ex finance minister Yanis Varoufakis stated that Bitcoin's substitution as fiat currency would not be a good idea, since the crypt would only make "capitalism uglier, nastier and more dangerous for humanity." Doha Debates with Yanis Varoufakis, Leymah Gbowee & Ece Temelkuran Why Bitcoin is not a socialist’s ally – Reply to Ben Arc Debate Digital Economies/Money English Politics and Economics Postcapitalism webmaster YanisVaroufakis 22287 Views 0 comment 27/07/2020. On 15th July, Ben Arc published in Bitcoin Magazine an open letter addressed to me in a bid to convince me that I should re-assess ... By Yanis Varoufakis. Originally published at his website. On 15th July, Ben Arc published in Bitcoin Magazine an open letter addressed to me in a bid to convince me that I should re-assess my rejection of Bitcoin as a force for good; as a bulwark for democratising capitalism and paving the ground for socialism. Here is my reply: It is the one that divides the ‘bitcoin aristocracy’ from the ‘bitcoin poor’, i.e. from the latecomers who must buy into bitcoin at increasing dollar and euro prices. The second faultline separates the speculators from the users; i.e. those who see bitcoin as a means of exchange from those who see in it as a stock of value. The combination of these two faultlines, whose width and depth ...

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Talking To My Daughter - A Brief History of Capitalism // Yanis Varoufakis // Book 1 of 2020

The maximum number of Bitcoins will be about 21 million. A bitcoin is a unit of measurement, but the “unit” depends on solely on how people value it in transactions. No physical existence. I really value Yanis opinion on money as he is very smart and rhetorically brilliant. However, I disagree about bitcoin. Bitcoin is a technological breakthrough, not a "Ponzi scheme". Bitcoin is ... Bitcoin, the alternative cryptocurrency, is the trendiest answer to "What's in your wallet?" since, well, a certain credit card. The value of Bitcoins has skyrocketed over the last year, as the ... Older video but still so much up-to-date. Andreas presents here his views on the role that Bitcoin plays in saving capitalism and creating new stronger economical models. The interview was ... Münchner Seminar mit Yanis Varoufakis "The Situation in Greece and the Future of Europe" - Duration: 2:00:19. ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität ...

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