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Digital MoneyFive Silver RoundsSubmitted by Bill St. Clair on Mon, 2008-12-29 21:16.
Below are ten silver rounds, two each of five types, that I managed to get together to photograph. Click on the photo for a bigger version (1024x735 pixels, 267K). billstclair.com/blog/images/five-silver-rounds-2708x1944.jpg is the full-resolution version (1.4 megs).
The layout is as follows:
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( categories: Digital Money )
Free Lakota BankSubmitted by Bill St. Clair on Mon, 2008-11-24 20:10.
The Free Lakota Bank "is the world's first non-reserve, non-fractional bank that issues, accepts for deposit, and circulates REAL money...silver and gold. All of our deposits are liquid, meaning they can be withdrawn at any time in minted rounds." You have the option of paying them 0.06% per year (1/20,000 per month) to store your money, or you can loan it to them at 7.24%, for a year at a time. They are currently selling one ounce silver rounds. $14.50 apiece for 500 to 1,000. $40 apiece for 1 to 5. It complies with the American Open Currency Standard (AOCS), so is recognized by merchants who are members. You need only an email address and a password to open an account. They also have a fancy "out-of-band" authentication method that you can choose to use. From the privacy page: When you open an account at the Free Lakota Bank, there are 2 specific things we do not want: your name and your social security number. It is not our job to track the movement of our clients' money; we do not want to know who is depositing, where it comes from, or at what rate it enters or leaves our bank. We believe money is anonymous and not subject to tracking.
If you derive your income from preying on the weakness of others, shame on you. Your time on this planet will be short and the great spirit will reward you in kind. If you choose to deposit with the Free Lakota Bank, we will use your money to benefit those with a strong sense of morals and value. Our hope is that your money will not find its way back to you. I wish them good luck and great success.
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( categories: Digital Money )
2008 Silver EagleSubmitted by Bill St. Clair on Fri, 2008-10-03 15:15.
I received some Silver Eagles yesterday, ordered from Apmex, for a big premium over spot. I photographed one of them last night under my incandescent desk lamp, and another today in the sunlight outside. I posted the photos at billstclair.com/eagle. Here's my favorite, the reverse side under incandescent light.
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( categories: Digital Money )
Secure banking: summarySubmitted by Bill St. Clair on Sun, 2008-07-27 23:45.
I talked for an hour last night with Patrick Chkoreff, the creator of loom.cc. We came up with a scheme for doing secure banking and trading, where both the bank and the customer can prove at all times what the customer's balances are and what outstanding spends he has, and to whom. That's all that either party needs to keep track of. It uses public key signing on every exchanged message. Users and banks are identified by the 160-bit fingerprint of their public key ID. I intend to write a longer article, explaining the notation below, but I wanted to post this, so it's not just on my computer. Create account: (id_a, public_key_a, random): signature_a Sequence request: (id_a, "getsequence", random): signature_a Spend order: (id_a, "spendto", id_b, sequence1, type, amount, comment1): signature_a Cancel Spend: (id_a, "cancelspend", id_b, sequence1, type, amount): signature_a Get queue entry: (id_b, "getq", random): signature_b Get queue entry: (id_a, "getq", random): signature_a Deny receipt: (id_b, "denyreceipt", id_a, sequence1, type, amount, comment2): signature_b Get queue entry: id_a ... Get confirmed balance: (id_a, "getconfirmedbalance", type, random): signature_a Get confirmed outstanding spends: (id_a, "getconfirmedoutstandingspends", random): signature_a ( categories: Loom | Digital Money )
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BlogrollLewRockwell.comQuotesEvery man, woman, and responsible child has an unalienable individual, civil, Constitutional, and human right to obtain, own, and carry, openly or concealed, any weapon -- rifle, shotgun, handgun, machinegun, anything -- any time, any place, without asking anyone's permission. -- L. Neil Smith Reread that pesky first clause of the Second Amendment. It doesn't say what any of us thought it said. What it says is that infringing the right of the people to keep and bear arms is treason. What else do you call an act that endangers "the security of a free state"? And if it's treason, then it's punishable by death. I suggest due process, speedy trials, and public hangings. -- L. Neil Smith Based on 253 journal articles, 99 books, 43 government publications, and some of its own empirical work, the panel couldn't identify a single gun control regulation that reduced violent crime, suicide or accidents. -- John Lott, commenting on the National Academy of Sciences report (PDF) on gun control laws Zero Aggression Principle ("Zap") "A libertarian is a person who believes that no one has the right, under any circumstances, to initiate force against another human being, or to advocate or delegate its initiation. Those who act consistently with this principle are libertarians, whether they realize it or not. Those who fail to act consistently with it are not libertarians, regardless of what they may claim." -- L. Neil Smith Formerly called the "Non-Aggression Principle", or "NAP" Why Did It Have to be... Guns? Make no mistake: all politicians -- even those ostensibly on the side of guns and gun ownership -- hate the issue and anyone, like me, who insists on bringing it up. They hate it because it's an X-ray machine. It's a Vulcan mind-meld. It's the ultimate test to which any politician -- or political philosophy -- can be put. If a politician isn't perfectly comfortable with the idea of his average constituent, any man, woman, or responsible child, walking into a hardware store and paying cash -- for any rifle, shotgun, handgun, machinegun, anything -- without producing ID or signing one scrap of paper, he isn't your friend no matter what he tells you. If he isn't genuinely enthusiastic about his average constituent stuffing that weapon into a purse or pocket or tucking it under a coat and walking home without asking anybody's permission, he's a four-flusher, no matter what he claims. What his attitude -- toward your ownership and use of weapons -- conveys is his real attitude about you. And if he doesn't trust you, then why in the name of John Moses Browning should you trust him? -- L. Neil Smith "Tell me," I was once asked, "What do you think about gun control? Give me the short answer." To which I replied, "If you try to take our firearms we will kill you." -- Mike Vanderboegh The state can only survive as long as a majority is programmed to believe that theft isn't wrong if it's called taxation or asset forfeiture or eminent domain, that assault and kidnapping isn't wrong if it's called arrest, that mass murder isn't wrong if it's called war. -- Bill St. Clair Monthly ArchivesTTLB |
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