Equal Weights

From PreparingYou
Jump to navigation Jump to search

Tally Stick

The tally stick accounting system was an ancient method of record-keeping and financial tracking used for about 700 years primarily in medieval Europe. It involved the use of notched wooden sticks, typically made from hazel or willow, which were split lengthwise into two pieces: one half, called the "stock," was kept by the creditor or issuer (often the government or a bank—the "stock holder"), while the other, the "foil," was given to the debtor or payee. Notches of varying sizes were carved into the stick to represent specific monetary values or quantities, and the split ensured that the two halves could be matched together later to verify authenticity and prevent fraud. This simple yet effective system was widely used for tax collection, loans, and trade transactions, most notably in England, where the Exchequer employed tally sticks until 1826, after which their disposal famously contributed to the burning of the Houses of Parliament in 1834 due to a furnace overload.

In the 1993 documentary "The Money Masters", the Tally Stick section explains how the verifiably fair and just system was key to the prosperity of England during that time.

Are Rulers Volatile Because We Change Height?

Honest Ledger

Fundamental Value

This 32-minute video explains how China's silver-based currency system was undermined and China's government was destroyed by the US in 1934. It demonstrates how precious metals-based currencies no longer provide stability to an economy. In fact, in an age where information travels at the speed of light, commodities-based currencies are a huge impediment and a frightening vulnerability. Centuries earlier, Spain's silver-based economy was compromised when it was flooded with Aztec silver brought by ships from the New World.

The Value of Information

For the first time, information can be literally valued. And that changes everything! (9-minute animated video)


When the price of commodities is unrealistically high due to their double duty as a stand-ins for the pure information that money is meant to convey, true economic signal and growth is impeded and distorted.



Everything Divided by 21 Million


Bitcoin: Everything Divided by 21 Million
Buy on Amazon
Audiobook

A wonderful exploration of the transformative potential of Bitcoin, presenting it as a paradigm shift in how we perceive money, time, and value. The book delves into Bitcoin’s fixed supply of 21 million coins, framing it as an immutable, scarce resource that redefines economic systems by existing outside human control, akin to a natural law. Bitcoin is portrayed as a digital embodiment of time and effort—akin to a weightless, absolute element that resists inflation and wasteful consumption inherent in fiat systems. With a journey spanning economics, philosophy, and game theory, it is argued that Bitcoin’s limited supply cap counters the inefficiencies of perpetual debt and environmental degradation, offering a hopeful vision of hyperbitcoinization where energy, harnessed and secured via Bitcoin’s protocol, becomes the bedrock of a new, civilized society.


Scarcity is a key element of value (4-minute video)







. . .

Return to Bitcoin home page

Retrieved from "https://preparingyou.com/w/index.php?title=Equal_Weights&oldid=80999"