Damus

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Jason profile picture
@npub1vwymu... Would be great to hear you cover this on your show if you find it interesting. The whole site is only about three pages right now, but they cover a lot of ground.
Jason profile picture
I encourage everyone to check out the Monetary Justice website, and to share it with anybody who expresses concern about the current state of the U.S. economy.

https://monetaryjustice.org

By @npub1e87s4...

What’s the gist?

The site argues that financial institutions have partnered with the federal government to devise a monetary system that allows both parties to exploit the American people. While this is not news to bitcoiners who have spent countless hours learning about the monetary system, the Monetary Justice site makes it easy for anybody to grasp this concept in ten minutes or less. I think the simplicity of its message has the potential to wake up a lot of people.

It proposes a framework that essentially asserts that all modern repressive monetary systems have these five characteristics in common:
1) Currency Creation
2) Currency Inflation
3) Currency Compulsion
4) Currency Confinement
5) Currency Control

To institutionalize an exploitative monetary system, federal politicians, in cooperation with the banking sector, have codified these five repressive characteristics into law (the site lists these laws). And while each law on its own may be constitutional, taken together they are indicative of something called cumulative unconstitutionality. According to the site, “Cumulative unconstitutionality refers to the concept that a series of individually constitutional laws or policies can collectively become unconstitutional when their combined effect infringes on fundamental rights or violates constitutional principles."

The case is made that the monetary system is unjust and unconstitutional, and that Americans should neither abide nor accept it. Rather, we should use our greatest strengths to peaceably, but actively, resist and reform it. Those strengths are a federalized government with independent state governments (which are also unduly burdened by current monetary policy), and a constitution that exists to prevent the federal government from encroaching on citizens’ rights to life, liberty, property, speech, and self-governance; all of which are diminished by the U.S. federal monetary system.

The whole site right now is only about 4 pages, so the whole thing can be read in one quick pass. 100% worth it, IMO.

If you think more people should hear about this, be sure to mention it to your favorite content creators who might appreciate the suggestion.
Jason profile picture
Another question I have is this: How is it that regulations governing money (money transmitter licenses, aml, kyc, etc.) are being applied to something that is classified as property in the U.S.? I’m sure there’s a loophole that allows the federal government to have its cake and eat it too. I’m just curious what that loophole is.
Jason profile picture
Quick question for the scholars… Why were the states not able to prevent the confiscation of their residents’ gold in 1933? Trying to grok the proposed self custody law in Missouri.

Thanks!
Jason profile picture
Bummer. Is this to say that since a note contains an encrypted attestation/signature it cannot legally be transmitted over radio even though the note’s actual content is unencrypted plain text?
Jason profile picture
The @npub1hcwcj... team found a way to give Lightning users the features and experience we desired. In order to provide that experience they had to make technical tradeoffs which introduced counter party and regulatory risks. But they set the bar for UX nonetheless.

The Lightning protocol needs to evolve to a point where such tradeoffs aren’t necessary, and some really smart people are working hard to make that a reality.

I’m a fan of this team. When things get sorted, I’ll gladly return. 🤜🤛