29 Nov '15, 12am

Revolutionary money - why the French Revolution is relevant to Bitcoin: https://t.co/sVVOy3pTX4

Today I finished reading properly Rebecca Spang’s marvellous Stuff and Money in the Time of the French Revolution , having only dipped in when I first bought it. It really repays the attention. What seems to be a book about a specific aspect of the historical episode is really a reflection on the nature of money and its intrinsic relationship with politics and with conceptions of property. Set in the 1780s and 90s, it could not be more relevant to the bitcoin/ledger debate. I learnt much from it, starting with the insight that the problems with the infamous assignats issued after the revolution stemmed from the unquestioned belief that the venal offices sold by the old regime, raising much government revenue, could not be cancelled or expropriated. Spang writes: “Throughout the debate, no one (not even Marat or Robespierre) took the truly revolutionary position of suggesti...

Full article: http://www.enlightenmenteconomics.com/blog/index.php/2015...

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