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. Both men were arrested and charged with treason.
About The Natural Economic Order: Some comments on the book: J.M. Hugh Gaitskell Professor E.A.G. Silvio Gesell. Bitcoin P2P Virtual Currency | Bitcoin. 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. Is the Ripple service a barter system? No. Is the Ripple service a LETS system? Put another way, the Ripple service is like an interconnected network of LETS systems, each operated by an individual participant. Using Ripplepay.com. 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.
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. We have to trust them with our privacy, trust them not to let identity thieves drain our accounts. A generation ago, multi-user time-sharing computer systems had a similar problem. It's time we had the same thing for money. One of the fundamental building blocks for such a system is digital signatures. 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. You can make an offer, look for open trades and close deals with people all around the world.
This sounds like a great concept. Only a small amount of that is transfered by the traditional banking system. Will Moneytwins.com help to solve this problem? Another point of concern is the business model. Still, it's a great idea - and maybe one day someone will transform it into a profitable business. Update: Moneytwins.com director Sieva Yourievitch clarified some details about his venture after this review was published. Dmitri: Encrypted p2p Currency. Renewable energy backed 'P2P' currency | Exchange | Ode Magazine. Corporate Crime Reporter.
Participatory Economics. Robert E. Prasch: Join a World-Wide Bank Run in December -- Move Your Money. "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. 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.
Which brings us to the economics of a mass withdrawal of deposits from the banks. But what of the politics? In preparation, open an account at a credit union or a community bank over the next few weeks so you will have somewhere to put your money when the protest ends. Robert E.