Why I Signed the Declaration of Currency Independence - Essay Series #006 - Common Goals Edition
The Declaration and its signing campaign is a vehement attempt to not only gather people around the idea of cryptocurrency as an alternative to centralized currency, but moreover to disclose the existing problem of the entire humanity.
Throughout human civilization no one has ever seriously questioned the existing governments’ monopoly for centralized money. In the second half of the twentieth century, a number of libertarian economists (For example: Friedrich Hayek – Austrian and British economist and Nobel Prize for Economics Laureate) began to challenge the government’s monopoly for money. Currently, each and every national fiat currency is completely centralized (is regulated by a centralized power), and the citizens of the respective countries are forced to accept it as a tool of payment for their goods and services (as a means of exchange).
The negative impact on the entire of humanity as a result of existing centralized monetary system is sufficiently clarified in the Declaration.
The mantra “only the governments are entitled to emit and regulate used by the society means of exchange” is still highly prevalent in modern life as current economic statistics demonstrate.
So, what solution does the Declaration propose?
The Declaration offers an opportunity to gather like-minded people who support the concept of an alternative method of currency transfer; and realize the idea, that not only governments are entitled to emit and regulate the societal means of exchange. Theoretical underpinning of this idea existed decades before, as indicated by prominent libertarian economists. Only the technology was missing...
With the implementation of Bitcoin’s blockchain, the lack of technology has been successfully solved. Not only is the algorithm there, but the respective open-source software has been also developed. Bitcoin became recognized by millions of its users. Alternative coins (altcoins) started to pop up, like mushrooms after a warm rain in August.
Hopefully, the Declaration will be signed by a lot of people. Among the signatories there will surely be a large number of highly skilled software developers, with the capability to write sophisticated, secure and innovative applications.
But what is the most likely scenario of further development? Will each of these talented developers consider themselves to be the next genius capable of offering the next algorithm capable of saving humanity?
Freedom and liberty should not mean ignorance towards others and their ideas! A natural component of personal freedom is the capability to listen and hear others; to consider their way of understanding; their proposals and ideas. This will only serve to increase the potential of a collective brain; of collective thinking in order to find the most suitable solution to the problem which is influencing the lives of each of us.
We have to learn how to identify common goals and to join our efforts, each – according to his best knowledge and skills, in order to achieve our mutual objectives. For this we (the cryptocommunity) have to learn how to work, to think, and to create, together.
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