My book draft finished its second extensive edit.
Next week I'll be working on my final edit, now that it's gone through two editors.
If there were to be a book about money in all its forms (past, present, and future), what subjects would you want covered that you currently feel are under-covered by existing monetary books (including bitcoin books)?
How the central banks use fiat to enslave populations via inflation. The actual mechanics (the inflation sauce being made: blow by blow.)
One topic I find interesting is why most people truly don’t know what money is or how it should work.
When Bitcoin emerges as commonly accepted globally (not necessarily the one reserve), arbitrage begins on Bitcoin regulation approaches. Countries with positive approach thrive.
In that world, there are no currency fluctuations. In that world do import and export taxes make sense? Tariffs?
Or does the meaning of a nation state change? The world either merges into very few nations or breaks up into many tiny ones (citadels?)
What is the relationship between money systems and nation states under a Bitcoin Standard?
A take I would love to see someone plays with, also.
In my opinion, the nation state and the bureaucaste government is over once we got to the mindset that #Bitcoin will enable once it is globally adopted.
I am leaning toward the citadels outcome. Many citadels with own rules and citizens accepting them or moving to a citadel that fits their views more closely.
Looking forward to this book
I am wondering about social price of usury (not the interest rate but what happens to society in a debt and interest arrangement).
Any discussion of usury would be incomplete with covering "the Company Store" (truck wage systems — scrip scams):
https://en.m.wikipedia.org/wiki/Truck_wages
The obvious social costs are that slavery is legalized through debt and slavery anywhere in any society results in social stratification and internecine hostility, violence — mostly across class lines.
This generally also promotes misogyny and economic oppression of women (both by the economically privileged classes, and often as a sort of consolation prize or concession to the male laborers in the lowest classes).
Very interesting!
I would love to see also what a capital provisioning for tiny scale entrepreneurs would look like. Essentially the microcredit marketed goals (end poverty, bank the unbanked etc) under the #Bitcoin standard.
I would LOVE an org map of how the banking system works and who is pulling the strings at the top: ie BIS and world bank on down to the central banks and IMF and then the governments and politicians. Still have yet to see this talked about and drawn out in easy terms for average person to understand.
Check out Mark Moss's videos on rumble or YT. He has the exact org chart you want to see this clip and a few others. https://www.youtube.com/watch?v=dI-BGHi4IYc | https://rumble.com/c/markmoss
Beautiful thanks for the share!!
Can’t wait to read it Lyn, I’d like to see more of the following :
1. The importance of using Bitcoin as money for monetary circulation (export / import or local buy/sell)
2. The benefits of using Bitcoin as money :
- global currency
- native internet currency
And what does the above two means for global development and reduction of hegemony powers
If nuclear fusion actually works as promised and energy costs go to < $0.01/kWh, can money still exist? If so, what will it be linked to? If not, what will that world look like?
can’t wait. where will it be sold from?
How changes in the money relate to geopolitical/global happenings at that time. Correlations, causations, coincidences.
Appreciate the research with the hardest money ever created.
Why hard money can work in a modern economy.
Why is MMT wrong?
What are the biggest risks to BTC? (I know you like to steelman ideas)
The functioning on hard, finite money supply was my topic of interest as well.
A comparison of (value) measurement standards and methodologies in money.
For example, NIST (and others) set standards for the measurement of our physical world: time, distance, weight, charge, and everything else under the sun. Why is this task so much more elusive in the world of money?
I'd like to see much better coverage of the mechanism by the Fed. indirectly regulates issuance via the prime rate (and other policies? actions?) and how banks issue "money" (but don't actually print "currency."
I'd like to read a lot more details of the different monetary supplies (M1, vs. M2, etc). Frankly, the Wikipedia article is an expository mess.
https://en.m.wikipedia.org/wiki/Money_supply
I'd like to see some analysis of how the banking system, as a whole, seems to depend on recursion (credit issued to most parties, for most purposes, is deposited into accounts which are the used as reserves to issue more credit) and also on how alternative uses for such funds (foreign investment and purchases, and shifts into Bitcoin or other cryptocurrencies) poses risk to the financial system by breaking out of that depository recursion.
I'd like to see a lot more on the velocity of money, and the potential for low friction, high velocity transactions, with robust settlement finality, might pose to the traditional central banking policies and regulatory mechanisms.
Does Bitcoin "threaten" central banks and other traditional finance institutions by providing this escape from depository captivity and these higher velocity transaction handling options? If so, how does that work in practice and what are the possible means to mitigate those risks or transform banking and finance such that these are features rather than risks?
In all of that, whose oxen 🐂 are gored? Who can benefit and how?
I'd like to know how lending will work in a 100% reserve hard-currency environment without resorting to bringing back slavery and debtors prisons.
An analysis of reserve currency transitions and the tail tale signs to watch. People say USD will be king for the foreseeable future but it was likely that was said about the others as well.
How people like the Rockefellers funded both sides of wars
The money multiplier
The backing of money by debt that is paid back by more debt backed money
also why does a repo and reverse repo facility even exist?
Lynn, as one who isn't experienced in the world of high finance. I'd like to reach out to those like me, Plebs, working class who live paycheck to paycheck. Although I've heard countless hours of Bitcoin interviews they seem to revolve around big speak. And now, Nostr...it doesn't mean that we're stupid. It's just that most folks are too busy being distracted by family, msm disinfo and life.
Are there any examples of good monetary reforms?
Everyone knows the bad ones. But how do they end; does history suggest that step-improvements are possible?
Inflation.
the concept of a eurodollar and how offshore dollar denominated accounts can function as money equivalents despite not "really" existing
When will it be available?
Bitcoin and the concept of time locking. Via Peter Dunworth.
How the human psyche is damaged by an ever changing money that is controlled by a few . How inequity in financial system negatively affects human behavior
How productivity of the civilisation is eaten by the elites through money debasement. Almost no one is realising that till the time he reached the dream belongings (after 25-30 years) this is already the same which he had 30 years ago if you put it against GDP. So he didn’t achieve anything, the society became more productive, and now he has this what the wealthy had 30 years ago(a house and a car). But now the wealthy have already a plane and a mansion.
Been dealt with before but....
1. forecast on what an economy would look like without a growing money supply, as food-for-thought to those that can not see past the current inflated-fiat system.
2. value of risk reward via 'profit sharing' when investing / writing business loans versus risk reward via 'interest'
3. validity of Michael Hudson's historical justification for Jubilee / loan forgiveness to the small cap players. Hudson's idea has legs, I simply would like to hear a second opinion on it. At a micro level, many say humans should not be judged by their worst offence, but by how high they bounce back from their worst offence. Can such forgiveness at a personal level apply to an entire level of society?
4. How can money be useful for helping society choose wiser goals...
Paul Watson -of Sea Shepard- calls the current financial system 'economics of extinction'. The current system is not working well for many species: we can call that simply human-induced evolution and walk away. I understand how living systems inevitably trend in repeated trends and cycles. I understand how (seemingly inevitably) 99% of all species have gone extinct. And I understand how money based on energy incentivizes energy efficiency. But is there a way to change money and/or the current economic system to better prioritize goals of :
a. courage to tolerate differences
b. wisdom (to predict the future more accurately)
c. learning not earning
d. mastery not salary
e. relief from command (as demotion not exclusion) for those deemed by 360 judgment to be out of step with larger goals of the group.
I am not sure at 8+ billion population, that largely libertarian principals are viable, but I am open to be proven wrong.
How bitcoin can be used without the need for electronic devices in some communities- printed out bearer instruments that serve as cash within the community- thinking fedimint ecash tokens here.
Full circle back to local paper, but easily verifiable by a device holder.
As I see more and more authoritarian clouds ahead, the little financial freedom people still have in the "legacy" system seems to be going to an end, burying with it private property, individual liberty and other values we all hold dear.
That being said, I'd like to see more about the importance of money that is REAL PROPERTY (cannot be confiscated, restricted or shut down by central planners) as a beacon of hope, freedom and resistance from those who want to mind their own business the way they see fit.
Why are we so conditioned to believe inflation is just a normal part of life instead of seeing it for the corruption that it is?🙏🏼👍
I heard once an interview with Friedrich August von Hayek. Sadly dont have the source now.
He said that, while "language and law" was allowed to evolve further, money was actively NOT allowed to be developed further (the last ~100 years).
This and its implications are indeed mind blowing.
Also, the link between language and money as well as free speech are relevant.
Do you have a narrator lined up to turn it into an audiobook?
deflation, how it can lead to hoarding and stifle growth.
Why has there historically been such a close relationship between kings and money? Can you have money without a king?
historical examples of deflation during periods when debts were not restrictively high
Legend.
On the risks of deflation and the origin of the 2% inflation target of central banks. Has there ever been a deflation disaster in human history? What is the origin of the 2% target?
The implications of having a finite money supply. Either debunk or confirm the whole “but we couldn’t finance such progress without easy money” thing. How would the 🇺🇸 economy change with a hard, finite money.
One quality of bitcoin that I rarely hear expressed is its FAIRNESS. Everyone is equal and treated equally. Something the whole world is looking for.
How an economy based on deflationary currency works. Not just high level like why the Keynesian argument about death spiral is separate from productivity driven deflation, but nuts and bolts stuff. How would small businesses get finance without cheap debt? What would coax money out of savings? Assuming some fractional reserve how would banking crises be resolved?
How bad money has unintended inter generational consequences - wars, break down if societies..
If and how the economy would keep working fine and growing without fractional reserve bank lending. (Which I don’t see being feasible on a digital hard money world).
EROEI, EMERGY & EMDOLLAR
The eurodollar system
Maybe the misconception of money = dollars. Or the idea that money represents time and energy in physical form? Or the idea that money is a stand alone concept that should not require a controlling entity for its supply?
1. The specific laws that prevent the US govt from doing X or Y with money. For example, the Treasury can’t sell a bond directly to the Fed.
2. The exact mechanics of financing deficit spending with QE. The Treasury sells bonds and the Fed prints bank reserves, but I want to know more about how the reserves purchase the bonds via the commercial banks.
3. Please remove all references to “out of thin air.”
4. A list of the things individuals can do/own vs. a commercial bank (eg I can’t own a bank reserve).
Also: The transition from Fed Funds Rate / scarce reserves being the policy tool that matters to interest paid on reserves.
I would like to see an outline or references educators can use to teach basic financial literacy. Too many people are clueless
euro dollars and how private forms of money comes to being and how it has been in the past.
I’ll take a Hardcopy signed, if possible.
