An Introduction To The Satoshi Papers
The post An Introduction To The Satoshi Papers appeared on BitcoinEthereumNews.com. In The Satoshi Papers, we begin a multifaceted exploration of how monetary institutions in particular contribute to or militate against the flourishing of human societies. The essays in this volume review the nature of money, the history and functions of central banking, the relationship between state financing and war, and the introduction of Bitcoin as a new platform for transacting value. The authors are in broad agreement that the advent of a global, politically neutral, nonstate, peer-to-peer sound money is not a prescription for the replacement of all other forms of money; rather, it transforms some of the background assumptions about the relationship between states, societies, and individuals that have suffered from an authoritarian consensus in recent decades. Quite simply, there was a world before Bitcoin, and there is a world after it. If politics is the art of the possible, as certain proponents of realpolitik have argued, then the domain in which that art is practiced has now been re-formed. The global adoption of Bitcoin is occurring in a world transitioning through the obsolescence of unipolar power, which effectively organized much of the second half of the twentieth century. The twenty-first century is giving rise to an increasingly multipolar world in which sovereign actors vie to implement their own political projects propelled by a nexus of commodity wealth, industrial power, and technological innovation. This does not preclude the United States from championing and exerting its power as a jurisdictional base for industrial production and unfettered invention. Indeed, the United States would be wise to embrace the possibilities afforded by sound money—as a reserve asset, as a new basis for private capital accumulation and investment, and as a denominator of value—and to resolve to lead the world in its adoption and institutionalization. This is the case made clearly by Avik…
The post An Introduction To The Satoshi Papers appeared on BitcoinEthereumNews.com.
In The Satoshi Papers, we begin a multifaceted exploration of how monetary institutions in particular contribute to or militate against the flourishing of human societies. The essays in this volume review the nature of money, the history and functions of central banking, the relationship between state financing and war, and the introduction of Bitcoin as a new platform for transacting value. The authors are in broad agreement that the advent of a global, politically neutral, nonstate, peer-to-peer sound money is not a prescription for the replacement of all other forms of money; rather, it transforms some of the background assumptions about the relationship between states, societies, and individuals that have suffered from an authoritarian consensus in recent decades. Quite simply, there was a world before Bitcoin, and there is a world after it. If politics is the art of the possible, as certain proponents of realpolitik have argued, then the domain in which that art is practiced has now been re-formed. The global adoption of Bitcoin is occurring in a world transitioning through the obsolescence of unipolar power, which effectively organized much of the second half of the twentieth century. The twenty-first century is giving rise to an increasingly multipolar world in which sovereign actors vie to implement their own political projects propelled by a nexus of commodity wealth, industrial power, and technological innovation. This does not preclude the United States from championing and exerting its power as a jurisdictional base for industrial production and unfettered invention. Indeed, the United States would be wise to embrace the possibilities afforded by sound money—as a reserve asset, as a new basis for private capital accumulation and investment, and as a denominator of value—and to resolve to lead the world in its adoption and institutionalization. This is the case made clearly by Avik…
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