Who, the hell, is Silvio Gesell. Silvio Gesell was born at St.
Vith on the German-Luxembourg frontier of a German father and a French mother. In 1886 he migrated to Argentina, prospered as importer and manufacturer, and became interested in the currency question during the world depression of 1873-96. In his first work, "Currency Reform as Bridge to the Social State" (1891), Gesell made the celebrated proposal for unhoardable money.
Further studies on the disastrous effects of deflation and the necessity for stabilizing the purchasing power of money followed. Retiring to Switzerland, Gesell brought out a periodical for currency and land reform and in 1906 wrote his main book, The Natural Economic Order. In 1919 Gustav Landauer, one of the chief figures of the German Revolution of 1918-19, invited Gesell to become finance minister in the shortlived Bavarian Republic.
About The Natural Economic Order: There is now again trend toward economic liberalism: private initiative, free trade and free exchanges. Silvio Gesell. The Natural Economic Order By Silvio Gesell Translated by Philip Pye Adapted by Maurizio Pittau Introduction 1.
Aim and Method 2. Bitcoin P2P Virtual Currency. Bitcoin P2P Currency. Frequently Asked Questions. Frequently Asked Questions Ripple Concept Using This Site If you have any other questions, please contact us.
Ripple Concept How do I collect my money? When you get paid through the service, you are left being owed by one or more of your neighbours. Until there is a critical mass of users, buying exactly what you want using the Ripple service may be difficult, therefore if settling in cash is important to you, you should make this clear to your neighbours so they will not be surprised when you ask them for money.
Why would I want to use the Ripple service when I can use regular money? In short, because it is cheaper to use and because your friends are a more wholesome source of credit than banks. For a more detailed perspective, see the essay. New Currency Frontiers: P2P Currency. If there is one over-arching trend in the information age, it is towards p2p architecture.
P2P is more efficient since resources are not needed to maintain access hubs (think Skype, Limewire, etc). The evolution towards p2p is a continuation of what happened to scribes when the printing press was invented. Before books could be produced on a large scale, it made sense to have a class of people who devoted themselves to literacy. However, when the printing press came on the scene, universal literacy was enabled. This transition was slow by today’s standards, but it was very real.
While I am sure this is not news to most of you, its relation to the issuance of money bears some careful thought. The IRS classifies the latter as “Third-Party Record Keepers” and provides users with 1099B forms to make sure they stay above board. Banks have performed two main services since their inception. At heart, money is a promise (or IOU) to provide goods or services at some point in the future. Bitcoin open source implementation of P2P currency. I've developed a new open source P2P e-cash system called Bitcoin.
It's completely decentralized, with no central server or trusted parties, because everything is based on crypto proof instead of trust. Give it a try, or take a look at the screenshots and design paper: Download Bitcoin v0.1 at 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.
A generation ago, multi-user time-sharing computer systems had a similar problem. It's time we had the same thing for money. P2P Blog » P2P Currency Exchange. First there was MP3 swapping.
Then people started to trade CDs and DVDs. What's next? How about exchanging some of that spare money from your last vacation? That's exactly what Moneytwins.com is trying to facilitate. The site wants to pair people up to trade currencies without hefty bank surcharges. Dmitri: Encrypted p2p Currency. Renewable energy backed 'P2P' currency. Corporate Crime Reporter.
Participatory Economics. Robert E. Prasch: Join a World-Wide Bank Run in December. "A spectre is haunting Europe.
" Its not the revolution that Karl Marx supposed would come about. Nor is it Parisian students and workers taking to the streets as in May 1968. It is the vision of hordes of Europeans striking back at those who caused the 2008 financial crash. This time, organizers are calling for the use of a new weapon, one available to any of us with a bank account. It is the simple act of removing all of our money from the banks, and doing so en masse on the same day -- December 7th. While it is hard to know who first thought of this marvelous act of political theater, it has begun to take serious traction in France and is now spreading across Europe.
Of late, the famously mercurial temper that Cantona exhibited on and off the soccer pitch has been redirected from rivals and unruly fans.