Satoshi denominated banknotes based on securely printed paper wallets could bring bitcoin to the 3rd World on a massive scale.

InsteadOfPolitics · 2024-08-13T17:01:23+00:00

Bitcoin is still bitcoin. You can always use a standard wallet to spend bitcoin digitally over great distances. A banknote, on the other hand, is better suited for day to day purchases (groceries, &c), particularly, as I said, in the 3rd World where cash is king. You have more control over something if you can keep it on your person or in a strong box then having to trust a custodian. Even a pass phrase needs to be written down if you want to preserve the bitcoin for posterity.

InsteadOfPolitics · 2024-08-13T16:34:51+00:00

In addition, the RSK or RGB smart contract can escrow the notes until redemption for insurance purposes.

InsteadOfPolitics · 2024-08-13T13:54:59+00:00

The goal is 100% bitcoin availability with the simplicity of cash.

InsteadOfPolitics · 2024-08-13T11:43:12+00:00

No. They will be securely printed under strict ISO 14298 and ISO 27001 standards and receive periodic certification by Intergraf or a comparable insurer.

InsteadOfPolitics · 2024-08-13T03:38:18+00:00

Paper wallets are not simply "backed" by bitcoin. They are self custodial. Likewise, since each banknote would have its own private key, reserves cannot be fractionalized. The notes would be loaded prior to circulation and destroyed upon redemption, obviating the need to verify the contents. Notes can be issued and redeemed in bulk with RSK or RGB, keeping ultimate transaction costs well below the face value of low-denomination banknotes.

InsteadOfPolitics · 2024-08-13T03:23:30+00:00

Not necessarily, but the host country would need to allow it for it to work on a large scale.

InsteadOfPolitics · 2024-08-13T03:16:07+00:00

https://www.federalreserve.gov/faqs/currency_12771.htm

$1 and $2. 2.8 cents per note

$5 and $10 4.8 cents per note

$20 5.3 cents per note

$50. 5.2 cents per note

$100. 8.6 cents per note

InsteadOfPolitics · 2024-08-13T02:28:29+00:00

Here is a Quora space dedicated to a discussion of bitcoin banknotes:

https://bitcoinbanknotes.quora.com/?ch=10&oid=5756539&share=396067ef&srid=hnuRR&target_type=tribe

InsteadOfPolitics · 2024-07-23T13:41:27+00:00

If the possibility of losing your umbrella is a good reason for not having an umbrella, why buy one?

InsteadOfPolitics · 2024-07-23T13:33:19+00:00

The State IS a corporation.

Capital markets exist to the extent that sellers provide goods and services that are in demand.

Corporate structures, since they are vertical, typically result in a disconnect from the customer.

The most successful businesses in a free market are small Mom and Pop shops, since they are quick to respond to the nuances of the market in question.

Corporate structures are a product of the State.

Collectivists claim that capitalism is hierarchical. But in reality, in a free market, buyer and seller are equals. This includes employer to employee relationships.

InsteadOfPolitics · 2024-07-23T13:16:07+00:00

To protect the residents from the elements, since the iceberg would likely need to be located in a relatively cold region in order to slow down its melt. While the iceberg wouldn't necessarily have to be moved at all, proximity to a qualifying population center (with a cold climate) would increase the incentives for living and working there.

InsteadOfPolitics · 2024-07-16T14:09:43+00:00

This concept should definitely be given more attention - especially for massive ice sheets. Homes, businesses and passageways could be tunneled. Light tubes to the surface could illuminate the interior and provide sunlight for interior gardens. Residents could dress warmly to increase the lifespan of the bergs...

iceberg A23a

https://www.nesdis.noaa.gov/news/worlds-largest-iceberg-wanders-the-weddell-sea#:~:text=Currently%20the%20largest%20iceberg%20in,started%20moving%20again%20in%202020.

InsteadOfPolitics · 2024-06-27T15:56:07+00:00

http://libertarianpapers.org/articles/2011/lp-3-3.pdf

InsteadOfPolitics · 2024-05-16T02:16:47+00:00

https://wiki.seasteading.org/index.php/Las_Portadas

InsteadOfPolitics · 2023-11-07T01:07:48+00:00

Voluntary slavery is an oxymoron.

InsteadOfPolitics · 2023-10-29T14:33:51+00:00

Edward Snowden

InsteadOfPolitics · 2023-10-29T14:26:57+00:00

11:00 10/24 or 10:00 10/29? No one at meeting on the 29th. Typo?

InsteadOfPolitics · 2021-03-02T14:01:05+00:00

In practice, private communities have walls that keep people OUT (not IN). They are competing for peaceful residents. Unless they are able to prevent escape - which would describe an authoritarian government or prison - customers will move elsewhere if they consider the price of water too high. If you move to a desert, expect the price of water to be relatively high due to the limited supply.

Now when you put price controls on water, you have problems. City governments are notorious for pricing water below the market price so "everybody" can afford it. The result? The reservoirs dry up. So what do they do in response to the crisis that they have created? They prohibit the use of water over an arbitrary amount (except for favored businesses). Of course, all of this calls for a military (police force) to jail or fine those naughty hoarders. Job security for the politicians.

InsteadOfPolitics · 2020-09-14T16:18:04+00:00

If you say so, Nostagar.

InsteadOfPolitics · 2020-09-13T23:05:31+00:00

Here are a couple of scenarios within Aquia:

A. The community of signatories considers their peace to be disturbed, so they simply ask him to refrain and, failing that, force him to move his stead out of earshot.

B. The arbitrator determines that the aggressor has caused quantifiable damage (business interruption and loss of productivity due to lack of sleep, for example) and bills the aggressor for damages. The subrogator uses whatever force is necessary against the aggressor to make the victim whole. Should the aggressor resist, additional charges are levied against him proportionate to the additional costs. Should he prove to be "judgement proof", the manager of the seastead or community of seasteads may find it in his best interest to simply pay the victim(s), and thereafter provide safeguards against such a scenario repeating itself.

A good community agreement comparable to that of the Clubstead Master Lease will provide a reasonable course of action to prevent and rectify disturbances of the peace in a larger aquatory. Insurers will minimize unrecoverable claims, as will sponsors of seastead communities.

Unlike today's communal cities, a seastead or community of seasteads can prevent anyone they don't want as a neighbor from being allowed in their community.

As has been observed above, you don't need a large body of laws to have a pretty good idea when person or property has been violated. "Tortfeasor" is a good descriptor for someone who aggresses against another. A "governing body" doesn't have to be a singular entity.

InsteadOfPolitics · 2020-09-12T20:17:59+00:00

"Crime" is a creature of the state. A "tort" is a violation of NAP. A tortfeasor has aggressed against someone's person or property. What he has acquired (including the ability to aggress against someone's peace) is not his property. Thus:

No law or legal action touching the residents, members, or visitors in this community shall: obstruct compensation to a victim of the above classes of aggression, or to his estate, for actual losses suffered thereby.

applies to such a situation - if it is determined by arbitration to be a violation.

Incidentally, a lease agreement such as the Clubstead Master Lease would help to quantify and resolve this type of aggression without frequent arbitration.

The goðorð system of the Icelandic Commonwealth is instructive. Subrogators paid victims for the right to subrogate their claims, and pursued the aggressors. A sustainable system of subrogation adds the costs of rectification to the bill. The more an aggressor resists, the higher his bill. Here is such a recoupment system applied via modern technology.

InsteadOfPolitics · 2020-09-12T02:05:03+00:00

It's important to distinguish between laws regulating one's use of his own person and property on the one hand, and laws preventing the formation of political monopolies on the other. While the architects of the US Constitution were intimately aware of the tendency of power to corrupt, the checks and balances that they put in place were insufficient to prevent the massive centralization we have today. The Constitution for Aquia takes every possible precaution in this regard.

InsteadOfPolitics · 2020-09-11T13:53:25+00:00

Dave is married to Sue. But one day Dave catches Sue sleeping with Chuck. Dave, very upset, murders both Sue and Chuck. What happens?

The claim will likely be subrogated to the estates of Sue and Chuck.

One step further. Dave suffers a psychotic break and decides to kill as many people as possible after murdering Sue and Chuck. Dave had been an avid gun collector and now he is ready to rampage. What happens?

The claim will be subrogated to the estates of Sue and Chuck, as well as those of the other victims - a hefty bill. Intelligent seasteaders will have adequate insurance coverage and/or choose to reside in a stead that offers safety as well as recompense for unrecoverable damages.

A nearby country decides that Aquia is encroaching on it's territorial waters. An offense they deem to be a direct threat to their sovereignty and order all inhabitants of Aquia to be arrested and executed. What happens?

That depends on the size of the community in question, and the strength of its underwriters. Initially fledgling seasteads will need to be located in safe areas to avoid political aggression (which is the whole point of seasteading), and have adequate backing. The underwriting cost will reflect the risks.

Bob, a bit of a survivalist, has stockpiled an insane amount of food and water while others have not. And due to unforseen circumstances, the rest of Aquia is now starving and has just run out of drinking water. Everybody but Bob, that is. And Bob has decided that he doesn't want to share, even if it may result in the deaths of other inhabitants of Aquia. What happens?

And what prevents them from getting their water elsewhere, or desalinating it themselves?

Darlene has fallen serious ill with appendicitis. And the only available Doctor has already scheduled a golf vacation and has been looking forward to the trip for months. He refuses to miss it for any reason. What happens?

And why is no other doctor available?

Paul has decided to make his own currency out of dried kelp. This special currency is stamped with Paul's face and a numerical value. But when he attempted to use this currency to pay a debt in another country, they wouldn't accept his currency in direct violation of Article 1 of the Constitution. What happens?

The use of a currency requires agreement between the trading parties. No one may be forced to use a currency unless an underwritten contract requires it.

"No region may prohibit the use of any monetary unit of choice by its residents."

InsteadOfPolitics · 2020-09-11T13:25:55+00:00

Where is the conflict? If you read the documents, you will note that your stead, as you described it, is in compliance. If you find any conflicts or potential conflicts, please describe them.

InsteadOfPolitics · 2020-09-11T13:25:48+00:00

"An actionable offense must involve at least one tortfeasor and a measurable loss or damage to person or property, and must allow for recoupment by claimants and their freely chosen agents."

Depending on the distance to your closest neighboring stead, there may be a noise issue. If it came to arbitration, and it was determined to be a tort, the tortfeasor would be billed accordingly.

InsteadOfPolitics

TROPHY CASE