Wonder about Saving vs. Hoarding? Misers hoard their money even when spending it would be in their personal interest. They neglect clothing, housing, education, charity and so on, and thus deprive themselves of their full human potential, and in turn deprive others of the benefits that come from social bonds with another developed human being. Notice this definition of hoarding as pathological behavior does not refer to absolute amounts of money held. - Hullsman, "The Ethics of Money Production" #Bitcoin #Plebchain

Q: What's a core difference between the way Dollars and Bitcoin work as money? _________ A: The fundamental engineering feature of the $Dollar system is that it treats future promises of payment of money as if they were as good as present money, so long as they are issued by the government, or an entity guaranteed a lending license by the government. Dollars use a governmental decree as the token of value on its monetary and payment networks. In contrast, in the #Bitcoin network, only coins that have already been mined can settle transactions. - From "The Fiat Standard", S. Ammous #Plebchain

Whoa. Now this is some revolutionary thinking related to property rights: ____________ "To secure these rights, Governments are instituted among Men, deriving their just powers from the consent of the governed, --That whenever any Form of Government becomes destructive of these ends, it is the Right of the People to alter or to abolish it, and to institute new Government, laying its foundation on such principles and organizing its powers in such form, as to them shall seem most likely to effect their Safety and Happiness." Source: #Plebchain

Note to self: ...Produce value through daily honest work ...Spend less than I earn ...Save in #Bitcoin

#Bitcoin led me into a deeper appreciation of property rights, which in turn led me into a deeper appreciation of privacy and freedom of speech.

Intersting quote: "Capitalism is merely the process of transforming chaos into something more orderly." - Moss / Svetski, Uncommunist Manifesto #Plebchain #Bitcoin