GM!
exactly21
npub1urz9...5xg0
Fix the Money, Fix the World
Notes (9)
Just finished the next course from nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqg9rg869l7t43ats5gdsqrqh6njn5wjf0jpe0unvpekkredvllr6nqwfmhjz and Saylor Academy.
Monetary History, with the material from Layered Money by nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgqrkkf770v4zq44f00lwaegzvd8cw7layq8kzuje47y449qqgw7y5eezx9t !
Really enjoyed this one! Would recommend it to everyone. 
GM!
Monetary Chess
Our monetary system is like chess..
Queen = Central banks
King = Government
Bishop = Banks
Knight = Exchanges
Rook = Money Markets
Pawn = Users
Where does Bitcoin fit in?
I think that in the future, Bitcoin will be the chessboard itself.
Bitcoin will be the foundation, the rules. Sure, queens have a huge possibility with their movement, but only in Bitcoin's legal framework.
Also, there will be transparency, as all the players can observe every single move from every single entity.
Bitcoin will be the new denomination of everything.
Let's play some chess...
Ein sehr interessantes Gespräch von nostr:nprofile1qyx8wumn8ghj7cnjvghxjmcpz4mhxue69uhk2er9dchxummnw3ezumrpdejqqgx96e5s4lr3ftkauz4hylgfv9ukdkvx68lzh2cdtc66ypxzm07wm5x69ctl und Marc Friedrich! Gerne mehr von diesen spirituellen Themen und weitere spannende Gäste!
https://www.youtube.com/watch?v=k7h43BvIOn8
It might make sense just to get some in case it catches on. If enough people think the same way, that becomes a self-fulfilling prophecy.
- Satoshi Nakamoto, January 16, 2009
The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust. Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.
- Satoshi Nakamoto (2009)
The United States judicial system has already established the precedent that the use of encryption is a requirement to protect free speech in the digital era, and the same ideas should be applied to Bitcoin in every corner of the world that prides itself on the freedom of its citizens. Here is a 1999 ruling by the United States Court of Appeals, Ninth Circuit (Bernstein v. United States), confirming that encryption, like math, is an expression of scientific ideas and therefore a form of speech:
Cryptographers use source code to express their scientific ideas in much the same way that mathematicians use equations or economists use graphs. Of course, both mathematical equations and graphs are used in other fields for many purposes, not all of which are expressive. But mathematicians and economists have adopted these modes of expression in order to facilitate the precise and rigorous expression of complex scientific ideas. Similarly, the undisputed record here makes it clear that cryptographers utilize source code in the same fashion. In light of these considerations, we conclude that encryption software, in its source code form and as employed by those in the field of cryptography, must be viewed as expressive for First Amendment purposes.
Source: Nik Bhatia: Layered Money
Greek historian “Herodotus” traced the first coins (gold & silver) to Lydia (modern-day Türkiye) around 700 BC.
Yet, some pieces of jewellery date back over 10,000 years.
Coins had a key advantage: they were fungible, divisible, and hard to forge.
By 100 AD, Rome introduced the first coins officially minted by a government — the Roman denarius.
In 1252, Florence issued the Fiorino d’Oro (golden florin) — the first coin to hold its value for over 400 years and become the European standard.
In 1971, the Gold Standard was completely abolished — and the Fiat World was born.
In 2009, a genius individual or group under the name Satoshi Nakamoto published the Bitcoin network — a monetary system that would later prove to be near monetary perfection. For the first time, real-world energy was directly tied to digital scarcity, creating a trustless currency and eliminating the middleman.
Embrace it!
Yet, some pieces of jewellery date back over 10,000 years.
Coins had a key advantage: they were fungible, divisible, and hard to forge.
By 100 AD, Rome introduced the first coins officially minted by a government — the Roman denarius.
In 1252, Florence issued the Fiorino d’Oro (golden florin) — the first coin to hold its value for over 400 years and become the European standard.
In 1971, the Gold Standard was completely abolished — and the Fiat World was born.
In 2009, a genius individual or group under the name Satoshi Nakamoto published the Bitcoin network — a monetary system that would later prove to be near monetary perfection. For the first time, real-world energy was directly tied to digital scarcity, creating a trustless currency and eliminating the middleman.
Embrace it!