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Topic: [EdisonX3] History Becomes A Crypto Currency for Thomas Edison (Read 1042 times)
February 28, 2014, 08:06:14 PM
Official PRE-ANN Thread to talk about EdisonX3 Crypto Currency: https://bitcointalk.org/index.php?topic=491711.20
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This discussion is about History mixed into the Crypto Currency growth, and
the anticipation of History implemented into EdisonX3 Alternative CryptoCurrency.
Before Crypto Currencies Existed:
Thomas Edison was an advocate for monetary reform in the United States. He was ardently opposed to the gold standard and debt-based money. Famously, he was quoted in the New York Times stating "Gold is a relic of Julius Caesar, and interest is an invention of Satan." In the same article, he expounded upon the absurdity of a monetary system in which the taxpayer of the United States, in need of a loan, be compelled to pay in return perhaps double the principal, or even greater sums, due to interest. His basic point was that if the Government can produce debt-based money, it could equally as well produce money that was a credit to the taxpayer.
He thought at length about the subject of money over 1921 and 1922. In May 1922, he published a proposal, entitled "A Proposed Amendment to the Federal Reserve Banking System". In it, he detailed an explanation of a commodity-backed currency, in which the Federal Reserve would issue interest-free currency to farmers, based on the value of commodities they produced. During a publicity tour that he took with friend and fellow inventor, Henry Ford, he spoke publicly about his desire for monetary reform. For insight, he corresponded with prominent academic & banking professionals.
Now EdisonX3 will be alive in a few days, join the discussions @ https://bitcointalk.org/index.php?topic=491711.20
http://edisonx3.org/images/EdisonX3CryptoCurrency750.png
Official Home Page (Waiting List @ http://www.EdisonX3.org)
Must submit email to waiting list to get invited into the Invite-Only Forums @ http://forum.EdisonX3.org
This discussion is about History mixed into the Crypto Currency growth, and
the anticipation of History implemented into EdisonX3 Alternative CryptoCurrency.
Before Crypto Currencies Existed:
Thomas Edison was an advocate for monetary reform in the United States. He was ardently opposed to the gold standard and debt-based money. Famously, he was quoted in the New York Times stating "Gold is a relic of Julius Caesar, and interest is an invention of Satan." In the same article, he expounded upon the absurdity of a monetary system in which the taxpayer of the United States, in need of a loan, be compelled to pay in return perhaps double the principal, or even greater sums, due to interest. His basic point was that if the Government can produce debt-based money, it could equally as well produce money that was a credit to the taxpayer.
He thought at length about the subject of money over 1921 and 1922. In May 1922, he published a proposal, entitled "A Proposed Amendment to the Federal Reserve Banking System". In it, he detailed an explanation of a commodity-backed currency, in which the Federal Reserve would issue interest-free currency to farmers, based on the value of commodities they produced. During a publicity tour that he took with friend and fellow inventor, Henry Ford, he spoke publicly about his desire for monetary reform. For insight, he corresponded with prominent academic & banking professionals.
Now EdisonX3 will be alive in a few days, join the discussions @ https://bitcointalk.org/index.php?topic=491711.20
http://edisonx3.org/images/EdisonX3CryptoCurrency750.png
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