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To the Reader: This article is written to be read start to end with no need for the reader to trace the link’s and extra material reference.

That is the brevity of it. After words, when brevity hits, if there was clarity provided it might be enjoyable to then to…

I’ll cue this video for the moment Paul says that he doesn’t need context in order to know the implied definition of a word. The significance or summary is that Paul is claiming that words don’t need context in defense of my accusation that he is misinterpreting a passage wrong.

Its a semantic point in a sense but its also one of re-solution. We can understand that with the introduction of local versus non-local bounds (ie perspective) something can have a non-locally derived value.

This could be viewed as “intrinsic” value in the sense of the above debate in that…

With bitcoin, for quite some time, you will hear it said that it has no intrinsic value and therefore cannot compete with gold or a commodity based money. …

The best known form of money among the native Americans north of Mexico was wampum, made out of the shells of a type of clam. However its use was not confined to the coastal states but spread far inland, e.g. the powerful Iroquois amassed large quantities by way of tribute…

The ultimately launched concept of “ideal Money” became possible when I conceived of a practical basis of a standardization of the comparison of the value of the currency with an appropriate standard of ideal.

…a modern alternative is possible, one that would provide a good standard independent of state…

In his work The Theory of Free Banking George Selgin describes how a banking system would evolve in a hypothetical land Ruritania. The inquiry is based on an assumption of an “unregulated society” such that there doesn’t initially exist a monopoly on the issuance of the money supply:

Another approach…

Juice

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