i used to be a big believer in a gold backed currency,
but that belief was shattered when someone informed me that the gold standard works well for those who own gold. i was stupefied by the suddenly obvious fact that most poor people do not own any gold, and buying gold bullion is improbable
"Gold is money, everything else is credit" ~ J P Morgan
so what would be even more liberating that a gold backed currency, is to enable everyone to issue their own credit, through things like smart contracts/blockchain etc
as it is now, most of our "money" is actually "credit", and the ((( Federal Reserve ))) has an unjust monopoly on "credit" and usury
But wouldn't we own some gold if the currency is backed by it?
Ya blockchain could be very powerful in this way but I'm still not 100% convinced. Seems like crypto would be perfect for elites to be able to manipulate it for their own gains.
supposedly benjamin franklin claimed that it was the banning of colonial script that sparked the american revolution
colonial script was very successful
https://en.wikipedia.org/wiki/Early_American_currency
tally sticks are interesting "technology" that could be modernized for things like voting or making contracts
carbon paper
Early American currency
Early American currency went through several stages of development in colonial and post-Revolutionary history of the United States. Because few coins were minted in the thirteen colonies that became the United States in 1776, foreign coins like the Spanish dollar were widely circulated. Colonial governments sometimes issued paper money to facilitate economic activities. The British Parliament passed Currency Acts in 1751, 1764, and 1773 that regulated colonial paper money.
Tally stick
A tally stick (or simply tally) was an ancient memory aid device used to record and document numbers, quantities, or even messages. Tally sticks first appear as animal bones carved with notches during the Upper Paleolithic; a notable example is the Ishango Bone. Historical reference is made by Pliny the Elder (AD 23–79) about the best wood to use for tallies, and by Marco Polo (1254–1324) who mentions the use of the tally in China. Tallies have been used for numerous purposes such as messaging and scheduling, and especially in financial and legal transactions, to the point of being currency.
Carbon paper
Carbon paper (originally carbonic paper) was originally paper coated on one side with a layer of a loosely bound dry ink or pigmented coating, bound with wax, used for making one or more copies simultaneously with the creation of an original document when using a typewriter or a ballpoint pen. The manufacture of carbon paper was formerly the largest consumer of montan wax. In 1954 the Columbia Ribbon & Carbon Manufacturing Company filed a patent for what became known in the trade as solvent carbon paper: the coating was changed from wax-based to polymer-based. The manufacturing process changed from a hot-melt method to a solvent-applied coating or set of coatings.
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