Bitcoin
< Réflexions sur la création monétaire
< New economy
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< stanjourdan
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I won’t discuss anything in this post. I’m tired of discussing technical things with people with skewed opinions and monetary interest. I’ve talked enough in the Bitcointalk forum about Satoshi.
Grâce à un partenariat entre le prestataire de paiment Aqoba et startup Paymium, la monnaie virtuelle Bitcoin va pouvoir transiter légalement au sein du système bancaire.
I recently got into an argument over on the Reddit Bitcoin boards where I held the position that fractional reserve banking with Bitcoins was not possible.
La pertinence des devises complémentaires a été fortement soulignée par l’émergence d’une économie mondialisée et financiarisée, au sein de laquelle les Etats luttent pour la croissance et les excédents commerciaux. Jusqu’en 2009, les démarches en faveur d’une réforme monétaire gravitaient autour de mécanismes orchestrés par les gouvernements et le système bancaire. Avec l’entrée en lice d’une nouvelle devise universelle, alliée à la puissance transformatrice du web, de nouvelles solutions peuvent être explorées pour des réformes sociales et économiques: en ce sens, une devise universelle comme bitcoin permet de redéfinir la monnaie.
<img alt="Illustration: Martin Venezky" src="/magazine/wp-content/images/19-12/mf_bitcoin_f.jpg" title="The story of the virtual currency you can actually spend—if it doesn't get stolen first." width="660" height="595" /> Illustration: Martin Venezky In November 1, 2008, a man named Satoshi Nakamoto posted a research paper to an obscure cryptography listserv describing his design for a new digital currency that he called bitcoin.
A few people around here know about the legal drama currently happening in France between us (Tibanne, MtGox and Macaraja, the company representing us in France) and french banks. A few weeks ago, our previous French bank closed our bank account despite knowing about our activity, which we explained fully before starting. We challenged this decision in court, to which the bank tried to defend itself by saying "Bitcoin is an electronic money, Macaraja is not a bank, therefore it's illegal for Macaraja to be handling this". The court replied that it was not up to the bank to decide this, and ordered the bank to re-open the account.
When the virtual currency bitcoin was released, in January 2009, it appeared to be an interesting way for people to trade among themselves in a secure, low-cost, and private fashion.
Recent weeks have been exciting for a relatively new kind of currency speculator.
MILTON FRIEDMAN famously called for the abolition of the Federal Reserve, which he thought ought to be replaced by an automated system which would increase the money supply at a steady, predetermined rate. This, he argued, would put a lid on inflation, setting spending and investment decisions on a surer footing. Now, Friedman's dream has finally been realised—albeit not by a real-world central bank. Bitcoin, the world's "first decentralised digital currency" , was devised in 2009 by programmer Satoshi Nakomoto (thought not to be his—or her—real name).
On July 19th this year, a Doctor Nefario arrived at Seattle airport and was asked if he had enough money to cover his stay in the US. He replied that he did, but it was in Bitcoin, an electronic cryptographic currency. Unfortunately, not only did the Customs and Border Protection Authority not know what Bitcoin was, they didn’t accept it as a valid currency and so refused him entry. The Customs and Border Protection’s ignorance of Bitcoin is shared by many, even though there are currently around 63.6 million USD of Bitcoin in circulation. This may seem trivial in comparison to the approximately $950 billion US dollars in circulation . However, “real” currencies sometimes end up being not worth much, as was the case with the Zimbabwean dollar, which had to be discontinued as the national currency in 2009 when it became essentially worthless .
Derrière l'idée révolutionnaire, libertarienne et anti-banques Bitcoin ne fait que reproduire un système injuste. Toucher aux règles monétaires n’a rien d’anecdotique. Lorsque nous dépensons, que nous travaillons, tous les jours, ce que nous faisons a un rapport avec la monnaie, sans même que nous y pensions. Que se passe-t-il alors lorsque des geeks créent une monnaie universelle, décentralisée, sécurisée, anonyme ? Lorsque ceux-ci peuvent faire du commerce en dehors de toute forme de contrôle, qu’il soit bancaire, étatique, ou fiscal ?
Recently I have been following and participating in some political discussions on IRC and the Bitcoin forums . What has impressed me is the diversity of political opinions expressed in relation to Bitcoin. In one discussion you can find a person defending libertarian islands , while in another someone else is espousing the virtues of socialism . Although it would be fair to say that the majority of those who express their opinions on these fora are skeptical of the state and critical of the status quo, you also find quite a few who support traditional parties, their platforms, and representational politics as conducted in North America and Europe.