Programmabletx on Nostr: Check out this passage from "Twilight Of Gold" "The international gold standard was, ...
Check out this passage from "Twilight Of Gold"
"The international gold standard was, historically, one of the most important adjuncts to the opening of the world to settlement and development. This creation of a world economy constituted one of the great and beneficial turning points in the history of mankind. The outstanding feature of that period was the unity of the economic world... There was freedom of travel without passports, freedom of migration, and freedom from exchange control and other monetary restrictions. Citizenship was freely granted to immigrants … capital would move unsupervised in any direction, and these movements could take any form."
And then this passage from Lyn Alden's latest article..
"The combination of an open monetary network and an open information network is pretty interesting. Programmable bearer asset money can move around frictionlessly across borders, and between platforms. Platforms can be interoperable with each other without directly working with each other to make it happen, simply because they are interfacing with the same underlying protocols."
Conclusion: Bitcoin is fostering a unified economic world that it will extend beyond the information economy and into every aspect of global economy.
Lyn's full article:
https://www.swanbitcoin.com/the-implications-of-open-monetary-and-information-networks/
"The international gold standard was, historically, one of the most important adjuncts to the opening of the world to settlement and development. This creation of a world economy constituted one of the great and beneficial turning points in the history of mankind. The outstanding feature of that period was the unity of the economic world... There was freedom of travel without passports, freedom of migration, and freedom from exchange control and other monetary restrictions. Citizenship was freely granted to immigrants … capital would move unsupervised in any direction, and these movements could take any form."
And then this passage from Lyn Alden's latest article..
"The combination of an open monetary network and an open information network is pretty interesting. Programmable bearer asset money can move around frictionlessly across borders, and between platforms. Platforms can be interoperable with each other without directly working with each other to make it happen, simply because they are interfacing with the same underlying protocols."
Conclusion: Bitcoin is fostering a unified economic world that it will extend beyond the information economy and into every aspect of global economy.
Lyn's full article:
https://www.swanbitcoin.com/the-implications-of-open-monetary-and-information-networks/