HARRY 3 on Nostr: The Times 3rd Jan 2009 “Chancellor on the brink of second bailout for banks” Did ...
The Times 3rd Jan 2009
“Chancellor on the brink of second bailout for banks”
Did Satoshi read, and was he influenced by “The Sovereign Individual “ published way back in 1997? - 12 long years before Bitcoin was discovered in 2009.)
In all probability the answer is an emphatic “Yes”
Notes from the book.
Page 24
When the State finds itself unable to meet its committed expenditure by raising tax revenues, it will resort to other, more desperate measures.
Among them is printing money.
Arbitrary inflation has been a prominent feature of monetary policy of all 20th century states.
Eg.the German mark lost 71% of its value from 1/1/49 thru to 30/6/95.
Same period the USA dollar lost 84% of its value.
This inflation had the same effect as a tax on all who hold the currency.
In the information age, individuals will be able to use cyber currencies and thus declare their monetary independence.
( How insightful was that from Davidson and Rees -Mogg - 10 odd years before Bitcoin became a thing!!??)
More direct quotes from this amazing book to follow.
“Chancellor on the brink of second bailout for banks”
Did Satoshi read, and was he influenced by “The Sovereign Individual “ published way back in 1997? - 12 long years before Bitcoin was discovered in 2009.)
In all probability the answer is an emphatic “Yes”
Notes from the book.
Page 24
When the State finds itself unable to meet its committed expenditure by raising tax revenues, it will resort to other, more desperate measures.
Among them is printing money.
Arbitrary inflation has been a prominent feature of monetary policy of all 20th century states.
Eg.the German mark lost 71% of its value from 1/1/49 thru to 30/6/95.
Same period the USA dollar lost 84% of its value.
This inflation had the same effect as a tax on all who hold the currency.
In the information age, individuals will be able to use cyber currencies and thus declare their monetary independence.
( How insightful was that from Davidson and Rees -Mogg - 10 odd years before Bitcoin became a thing!!??)
More direct quotes from this amazing book to follow.