Cryptocurrency: The Declaration Of Monetary Independence

grarpamp grarpamp at gmail.com
Fri May 19 22:37:20 PDT 2023


https://declarationofmonetaryindependence.org/

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The Declaration of Monetary Independence
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Preamble

What follows is a document co-authored by several contributors to
Bitcoin Magazine and proud members of the Bitcoin community.

While many people believe that money has always exclusively been a
creation of government, this is untrue. There have been many periods
throughout history where governments were not the custodians of the
money supply. Unfortunately, today almost every nation employs a
central bank that has a monopoly on what currency is allowed to be
used within their domain.

The original signatories to this document believe that central banks
and governments throughout the world have abused their exorbitant
privilege of printing money. This document proposes a new way of doing
things.

We are not calling for an end to the U.S. dollar or any other fiat
currency — we are asking to bring an end to monopoly money in every
country. Give citizens a choice.

Let market forces and participants decide if they want this new form
of “magic internet money” that is based on rules, not rulers. Bitcoin
benefits the entire planet. Those who sign believe bitcoin is a
peaceful revolution that favors the billions, not billionaires. We
urge you to read it and sign it if you are so inspired.
The Declaration of Monetary Independence

When in the course of human events, it becomes necessary for one
people to dissolve the monetary bonds which have enslaved them to a
fiat system of government decree and to assume complete sovereignty
over their own monetary freedom, a decent respect to the opinions of
mankind requires that they should declare the causes which impel them
to this dissolution.

    Central Banks have abused their privilege of printing money.
    Each monetary unit printed debases the existing monetary supply.
    The printing of these units is a form of theft or hidden tax.
    The printing of these units are exclusionary and confer privilege
on those closest to the central bank — Cantillon effect.
    Many American Founding Fathers were staunchly opposed to central
banks and the type of power governments have today.
    The internet has made it easy for governments to control and
surveil its citizens for minimal cost and without our knowledge.
    Allowing the few to distort price signals utilized by the many is
more akin to communism than capitalism.
    These units make price discovery and free markets impossible, thus
disrupting the ability of consumers to make relevant economic
decisions.
    These units are a poor medium for storing our value, life force
and essence of our labor over time.
    These units enable the financing of endless wars and conflict
without representative public support.
    These units are created from debt and have led to unsustainable
levels of government, corporate and individual debt.
    These units are poor mediums for conservation of energy and
negatively impact the environment.
    These units disincentivize the use of inexpensive, abundant and
renewable energy.
    These units induce inequality, poverty and wealth disparity.
    These units move value too slowly across international borders in
a globalized, digital age.
    These units were once backed by hard assets like gold and silver
but are now backed only by empty promises.
    These units are forced upon citizens without any alternative
constituting a monopoly on the medium of exchange.
    These units have been weaponized to sow the seeds of hatred and
division around the world.
    These units are manipulated by a ruling class whose incentives are
not aligned with the best interests of the governed.
    The current monetary policy encourages infinite consumption and
growth on a finite planet.
    The current monetary policy leads to bailouts, bail-ins and
socialized losses.
    The current monetary policy fosters a misallocation of capital.
    The current monetary policy leads to financial repression and
excessive government.
    The current monetary policy leads to authoritarian rule and crony
capitalism.
    The current monetary policy enslaves the human spirit and stifles
technological innovation.
    The current monetary policy encourages and incentivizes short-term
thinking (a high time preference) over long-term thinking (a low time
preference).
    The U.S. dollar ($USD), held as world reserve currency, has been
used to destabilize other national currencies.

And so, as of January 3, 2009, there came into existence a monetary
asset and monetary protocol that separated money from state and it
holds these properties:

    This monetary network, known as Bitcoin, is capped at 21,000,000 units.
    This monetary network is decentralized and allows anyone to verify
the integrity of the unit ownership and transfer.
    Each unit is divisible into 100,000,000 pieces called satoshis.
    That anyone, without permission, can own a subunit as small as one satoshi.
    The Bitcoin Protocol / Lightning Network Protocol (LNP/BP) is the
first native monetary layer of the internet.
    This monetary network is not controlled by and does not favor any
government.
    This monetary network is a provably and verifiably scarce digital asset.
    Each security node (miner) in the network is incentivized to find
the cheapest, most abundant energy sources on the planet.
    This monetary network uses a timechain mechanism and proof of work
to verify transactions and create new units.
    This monetary network reaches ownership consensus approximately
every 10 minutes and validates every transaction dating back to the
Genesis Block on January 3, 2009.
    This monetary network is backed by the largest, most secure
single-use computer network in history.
    This monetary network has had a historic 99.98% uptime and is the
only monetary network of its size that has never been hacked or
compromised.
    This monetary network is an embodiment of American founding
principles with regard to individual freedoms, private property and
human rights.
    This monetary network treats all participants the same.
    This monetary network is in a constant state of price discovery.
    This monetary network is based on consensus rules, math and
cryptography; not by the subjectivity of rulers, power and preference.
    This monetary network is based on software that is free and open source.
    This monetary network is able to move value across space and time
with minimal loss of energy and at low cost.
    This monetary network is accessible to anyone with an internet connection.
    This monetary network contains no barriers to entry for the masses
— permissionless.
    This monetary network revived the time-honored freedom of saving
as a wealth accumulation strategy, regardless of race, creed or
nationality.
    This monetary network prioritizes safety and security.
    This monetary network rewards those actors who secure the network
and incurs significant costliness to would-be bad actors.
    This monetary network is able to efficiently store value created
from your labor and life force.
    This monetary network enables a new store of value vehicle and
settlement technology for billions of unbanked and persecuted people
worldwide.
    This monetary network disincentivizes financially oppressive state
policies.
    This monetary network utilizes unforgeable costliness to reach
global consensus without relying on a central authority.
    This monetary network disincentivizes the barbaric use of
physical, political and economic coercion as a means of conflict
resolution.
    This monetary network promotes freedom, cooperation and working
toward mutual benefit, providing a path for Peace.

Therefore, in full consideration of the above, we urge all citizens of
Earth who value freedom and property rights to adopt Bitcoin as an
insurance policy against central bank and government overreach.

Signed this 31st day of October, in the year 2021 [Block height 707575].

Whether buying a few satoshis, starting a business or running a node,
the Bitcoin Network is directly impacted by your decisions.

We call upon all participants of the Bitcoin community, if it is safe
for you to do so, to sign your name in support of this document. The
beauty of this decentralized network is that it operates on willful
cooperation. In the same manner as this document, it is not a
contractual memorandum of understanding or agreement. You may contest
or disagree with some elements and that is expected.

Our goal is for outreach and empowerment through time, space and
perspective. If there is even one thing agreeable to you in this
document, for the sake of a show of strength and solidarity, provide
your written support.

Let the world know that we are here, we are many and we are united!
Sign the Declaration
Original Signers
Mark Maraia

Author

Mike Hobart

Author

Ulric Pattillo

Author

Aaron Segal

American HODL

Andrew Fink

Ben Prentice

Bitcoin Actuary

Brady Swenson

Brandon Quittem

Bryce VonZurmhuelen

C.J. Wilson

Casey Carrillo

Christopher Friedl

CK

Colin Crossman

Cory Klippsten

Craig Deutsch

Dennis Porter

General Kenobi

Guy Brandon
Guy Malone

Guy Swann

Heidi Porter

Hermann Vivier

Humble Warrior

Jay Gould

Jeff Ross

Jessica Payne

Jessicahodl

Joe Carlasare

Johnathon Alpart
Josh Doña

Kaily Buemi

Kristen Cozad

Lamar Wilson

Lauren Sieckman

Lawrence

Madelyn

Matt Mohline

Matthew R. Ball

Mike Alfred

Neil Jacobs

Nick Fonseca

Pedro Solimano

Peter McCormack

Rick Poach
Robert Breedlove

Sam Cargo

Sean

Shawn Amick

Shinobi

Silva

Suhail

Tomer Strolight

Sign the Declaration
Sign the Declaration
© Copyright 2021 | Declaration of Monetary Independence | All Rights Reserved


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