Showing posts with label Currency. Show all posts
Showing posts with label Currency. Show all posts

Jan 4, 2014

Why Free? And why this manifesto may be of interest


We will refrain from an endless analysis and discussion of why this book, among zillions, may be of interest to us, but we have highlighted some key phrases that drew our attention.  It may be easy to bash the book or to praise it and we may do both in the future, but it may have to be done together with all of you who may have read it.  What's the value of us providing with a reason not to read it but remain confident that its criticism is as good as reading it yourselves?

Creative Commons LicenseThe Moneyless ManifestoBoth myself and my courageous publishers, Permanent Publications, have decided to publish a free online version of this book, and the normal paperback version under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported license, for three reasons:
First, the ideas and practical tools contained within it should be free to whoever may find them useful, and not made falsely scarce by the mechanisms of the monetary economy.
Second, just as actions display our beliefs more honestly than our words, the ways in which ideas and practical tools are shared are at least as important as the words themselves. I wanted the medium to be fully aligned with the message.
Third, I wanted to release it under a Creative Commons licence because it felt fraudulent to have my name on the front of this book. As I said in the acknowledgements page of my last book, what are my words but “an accumulation of all that has come

Nov 25, 2013

Gold, Copper, Iron, Petroleum, Uranium, Water, and now Bitcoin

The world has gone mad or what we thought as sanity is not really
far from madness?  This is how silly their value system is that one does not really need to dig mountains, melt ore, have vaults, and make laws and rules to create value.  One can seat on their PC and harvest/mine coins that are not made out of any matter, use them to buy and sell material goods and services, and get wealthy collecting those virtual coins that no state and central bank in the world regulates.  Yes, gold coins are just as silly but cost lives and do tremendous damage to the land their harvested from.  The question we ask is not whether such a currency can replace other currencies or be used as a universal currency for international trade but whether this "value" system is as silly as any of capitalism's value systems. 

Here we have a description and summary of what this late madness of virtual currency is by a globally respected economics journal "The Economist".  The longer this phenomenon lasts and the longer states are unable or unwilling to control and repress it the more the traditional value systems prove their irrationality.  Thousands, millions maybe, died in battles and wars over gold and other resources so states and the elites behind them can maintain domination over land and lives.  For what?  For regulating, usually to their benefit, the accumulation in wealth, power, and control, based on a virtual and irrational value system.  Bitcoins have reduced