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launching a competing currency is illegal in the US, so PayPal 'pivoted' into a payment method facilitating the existing fiat currencies
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"In the book’s first chapter, Jackson recalls a speech Thiel gave to Confinnity employees, just a few days after he began work, in which he described his hopes for PayPal to become a borderless private currency."
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History repeats: with Libra, FB is aiming for the same thing Thiel/Levchin had in mind in the early days of PayPal: cato.org/publications/c…
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After hygge and lagom, now it's #niksen time.com/5622094/what-i…
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Interessant: #meditatie zou (vooral) werken omdat je verwacht dat het werkt #placebo #rudienfreddieshow #headspace @ryhertzberger @rcbregman @jessefrederik
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Money system discussed in Dutch House of Representatives
Citizen initiative ‘Ons Geld’ (Our Money) succeeds in getting this key topic on the political agenda. See the money system ‘round table’ discussion in the Dutch House of Representatives in the video here:
When can Bitcoin compete with traditional (fiat)currencies?
While reading the MoneyLab Reader, I stumbled upon an article by Beat Weber, going into the contexts where Bitcoin or other complementary currencies are actually attractive in the presence of traditional (fiat)currencies: Complementary currencies can work if they are able … Lees verder
[Book Review] Modernising Money | Positive Money
Positive Money launched their book Modernising Money at the conference with the same name, which took place on January 26. The book is on sale from now on, I have had the opportunity to read and review an early copy of … Lees verder
Monopoly Moneys by D.M. @Rushkoff
In case you are interested in ‘the economics game’, the intersection of new media, markets the money system and emerging phenomena like Bitcoin, I highly recommend the PhD-thesis Monopoly Moneys [PDF alert] by media theorist Rushkoff, now it is available … Lees verder
Electricity-Backed Currency
Currency (money) as a derivative of another currency, namely (sustainable) energy, #interesting but actually also a very old idea: “Apparently Buckminster Fuller was first in 1969 to recommend, in his book Operating Manual for Spaceship Earth, that a global currency … Lees verder
Bitcoin Foundation gelanceerd
“Freeing People to Transact on Their Own Terms. Bitcoin Foundation standardizes, protects and promotes the use of Bitcoin cryptographic money for the benefit of users worldwide.”
Graph: Distribution of Top 96 Bitcoin Address Volume
It is common knowledge that many Internet phenomena such as weblogs and Twitter and other complex systems, are scale-free networks exhibiting a power law distribution. For a while I was wondering whether Bitcoin would also exhibit such a long tailed distribution, … Lees verder
DigiCash
New Money for a New World #spot
New Money for a New World By Bernard Lietaer (twitter) and Stephen Belgin
