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Showing posts with the label blockcahian

Can Cryptography Solve the Basic Income Challenge?

There has been much talk lately about Basic Income within the Pirate Party, which aims to empower individuals such as providing Basic Income which naturally fits the idea. However, it’s traditionally also been a movement that aims to stop government overreach into people’s personal lives, and as such, Basic Income could empower the government more than what may be desired. But what about if there’s another alternative to provide Basic Income, voluntary Basic Income so that only people who want to participate have to? With a little help from the Bitcoin blockchain ledger. Arguments targeting tax increases and deficits of government are generally based on the assumption that projects such as hospitals, roads, schools, etc. are more important to improve national economies. On the contrary, these government funding projects are coercively inadequate with all sorts of unpleasant consequences including widespread poverty. It appears the reasons why people are sceptical towards a U...

The Innovative payment network of the 21st Century

The common characteristic of both Fraudulent and Fiat money is that they violate the principle of free association. They enable the producers of paper money to expand their production through the violation of other people’s property rights. The producer of fiat money sells a product that cannot withstand the competition of free-market amounts of money such as gold and silver coins, and which the market participants only use because the use of all other sums of money is severely restricted or even outlawed. The most eloquent illustration of this fact is that paper money in all countries has been protected through legal-tender laws. Paper money is inherently fiat money and it cannot thrive but when it is imposed by the state it encourages the development of a national currency backed by bank holdings of the state. Bitcoin was invented to foster this new, digital style of commerce. There is no central bank or authority. Instead, Bitcoin is a self-monitoring network, spread out betw...

The Alteration of Natural Order

The law of nature stands as an eternal rule to all men, binding upon legislatures as well as others.   The fundamental law of nature is the preservation of mankind, no human sanction can be valid or good against it. ...men would not quit the freedom of a state of nature, and tie themselves up under a government, where it not to preserve their lives, liberty, and fortunes, by stated rules of right and property. God created a wonderful world. He created it with an amazing order. Things happen for a reason, and there is a cause and effect relationship for everything that occurs in the world and in our human lives.  Though we may not know specific causes in every instance, we can discern certain laws of nature.  They help us to understand how the physical world works, and to use those laws of nature to build a better life, to provide more food, higher-quality shelter, improved transportation, and so on.  Human society is also subject to a certain amazing o...