#AES #Bitcoin §33 Triple-Entry Ledger

In 2005, Ian Grigg wrote about triple-entry accounting. It was a digital transformation of the paper-centric, double-entry method. With Grigg’s method, the cryptographic signed transaction. Grigg coined the term…a pair of double-entries connected by the central record: triple-entry. Note: this is not Bitcoin.

#AES #Bitcoin §32 Double-Entry Ledger

During the 14th century, merchants in Venice and other Italian merchant cities developed a double-entry accounting method. Instead of exchanging gold for goods, merchants would orally describe the transaction to a scribe while the gold remained at a safe location. The debits were on the left half of the page, and the credits were on the right half of the same page. Each transaction recorded both sides of a transaction, so the total of one side had to equal the total of the other side. Traceability helped improve the accuracy of the records.

#AES #Bitcoin §31 Single-Entry Ledger: Cuneiform

Cuneiform is a method of writing once used in the ancient Middle East. The wedge-shaped stylus was pushed into a soft clay tablet and dried, perhaps in the sun. The clay tablet created an immutable record. Cuneiform is the oldest form of writing in the world, appearing earlier than Egyptian hieroglyphics and lasting about three thousand years.

#AES #Bitcoin §30 Perceptual Value and Social Credits

Perceptual value existed before value became descriptive, objective, or academic. Before money, people naturally kept track of favors and insults. Dogs, cows, and crows also keep a social ledger.

#AES #Bitcoin §29 MONEY LEDGER EVOLUTION

What is money? What is value? What is quality? Let’s go back in time.

#AES #Bitcoin §28 Onshore Engineering and Manufacturing

Adam Smith described this in detail. Financialization is the reason why engineering and manufacturing continue to offshore to other countries and only onshore with heavy subsidies. It’s exactly what Adam Smith described in The Wealth of Nations. Monopolies distort price signals for the worst. Good for the mercantilist. Bad for everyone else.

#AES #Bitcoin §27 Free Market Signals and Fiat Drift

With fiat, artificially low interest rates for the fiat oligarchy distort and cause financial signals to drift. Eventually, assets will go parabolic. Melt up. On the surface, this doesn’t seem rational. But it is reasonable when you know fiat is 100% guaranteed to debase. When the credit risk gets too high, a melt-up will happen. It’s already started.

#AES #Bitcoin §26 Definancialize, Demonetize Real Estate and Fix Homelessness

Zero-tax Bitcoin is our best hope for a commodity-based monetary system…. A commodity-based monetary system is our only hope to definancialize and demonetize housing and reverse growing homelessness.

#AES #Bitcoin §25 Problems with a Financialized Economy

Back in the day, the Mississippi bubble was one of the biggest asset bubbles known to the modern world. This bubble led France into prosperity. Then, the same bubble caused the opposite to happen, leaving France bankrupt and insolvent. Worse off than when John Law started rehypothecating debt-based assets, co-mingled and obfuscating private-public accounting. Bank failures are not new. It’s the same scam over and over.

#AES #Bitcoin §24 Bitcoin Transforms a Centralized Economy into a Free Market

We need to lean up. Our subsidized feudal systems will scream bloody murder. Let them scream. We need to get in shape. Zero-tax Bitcoin. Zero-tax gold. Zero-tax copper. Zero-tax aluminum. Zero-tax lithium, and other renewables.

§23 #AES #Bitcoin 1971 AUG 15: U.S. Defaults and the U.S. Dollar Transforms into Fiat Currency.

Debt obligations issued by the U.S. Department of the Treasury (bonds, notes, and Treasury bills) are considered risk-free because the U.S. government backs them…with more money printing.

§22 #AES #Bitcoin

It is important to note John Nash was once diagnosed with paranoid schizophrenia. Satoshi, likewise, exhibited this kind of paranoia. In addition, John Nash was also a noted expert in some of the elements comprising Bitcoin. The John Nash equilibrium, cryptography, and other elements. John Nash deserves credit as the creator of Bitcoin. It’s time to remake the movie A Beautiful Mind.

§22 #AES #Bitcoin

It is important to note John Nash was once diagnosed with paranoid schizophrenia. Satoshi, likewise, exhibited this kind of paranoia. In addition, John Nash was also a noted expert in some of the elements comprising Bitcoin. The John Nash equilibrium, cryptography, and other elements. John Nash deserves credit as the creator of Bitcoin. It’s time to remake the movie A Beautiful Mind.

§21

It is important to note John Nash was once diagnosed with paranoid schizophrenia. Satoshi, likewise, exhibited this kind of paranoia. In addition, John Nash was also a noted expert in some of the elements comprising Bitcoin. The John Nash equilibrium, cryptography, and other elements. John Nash deserves credit as the creator of Bitcoin. It’s time to remake the movie A Beautiful Mind.

§20

It is important to note John Nash was once diagnosed with paranoid schizophrenia. Satoshi, likewise, exhibited this kind of paranoia. In addition, John Nash was also a noted expert in some of the elements comprising Bitcoin. The John Nash equilibrium, cryptography, and other elements. John Nash deserves credit as the creator of Bitcoin. It’s time to remake the movie A Beautiful Mind.

§21

2009 FEB 11: Satoshi Nakamoto Posted:

Banks must be trusted to hold our money and transfer it electronically, but they lend it out in waves of credit bubbles with barely a fraction in reserve.

§20 WHY BITCOIN?

At no time should a corporation or state own any part of the global financial system.

2023, Jack Dorsey

Enforcing the Howey Test would clean up the crypto problem. With fiat and crypto combined, we are living in the golden age of theft.

§19

2023 FEB 23: Pretty Much Every Sort of Crypto Is a Security…Everything Other Than Bitcoin

Enforcing the Howey Test would clean up the crypto problem. With fiat and crypto combined, we are living in the golden age of theft.

§19

2023 FEB 23: Pretty Much Every Sort of Crypto Is a Security…Everything Other Than Bitcoin

A lot of people automatically dismiss e-currency as a lost cause because of all the companies that failed since the 1990s. I hope it’s obvious it was only the centrally controlled nature of those systems that doomed them.

2009 FEB 15 Satoshi Nakamoto

§18 #Apex #Bitcoin