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Do you know what MONEY is? This is indeed a rhetorical question, so take note. Do you know what money is? I bet you believe you do. I believed that I knew what money was. I was wrong. It also turns out there is a huge difference between believing, and knowing. The same difference between ignorance, and knowledge. I am certain even after writing this article, there are more things I may come to learn about what money is, and so can you.
I had never looked at the definition of money, much less conducted any research into it . I never tried to find out for myself. I never observed my parents, teachers, preachers, and figures of “authority” talking much about this subject. Except for a very few, I had observed we all need money, and work for it until we die, usually broke. Besides observing everything revolved around money, I never actually looked to see what it was.
This general disinterest for money is a combination of both design (social engineering, e.i. the Torah, the Bible, the Quran, forms of “government,” the monopoly of “law,” among others), yet mostly by my/our own apathy, love of ignorance, and disdain for truth.
I was brought up Catholic, meaning that my parents, and almost every other adult where I lived, had imaginary friends. These deluded adults would then force all children (using the threat of violence) to believe in these imaginary friends, some that where good, and some that where evil. The main goal was to “be like Jesus” (because he was “good”). And Jesus told us, in some “magic book,” not to give a shit about money (money was “the root of all evil”). So why even bother wanting to know what money was? Jesus did not cared, so why should we?
This is just one small example of how to socially engineer in the masses a general disinterest in money, even though we need money everyday of our lives.
Here in reality, unless you are a child, once we become adults, claiming victim-hood for ignorance in the age of information is not an excuse. The human genome has been mapped. We are semi-evolved chimps that have made it this far. Imaginary friends have never existed. Most ignore these facts. As a consequence, a few men are cashing in big time off of our beliefs, apathy, love of ignorance, and disdain for truth, while we pay with our lives, literally.
This is my story. In many ways it is also your story, yet this story is not about us. I am not a writer, nor is English my first language. But English is the language of INTERNATIONAL LAW, and COMMERCE, therefore it’s the PROPER language to communicate these matters.
Besides English, you will see LEGALESE, or legal writing, which is a copyrighted language (it looks like English, but is not English) used by the LAW SOCIETY/BAR. When it comes to the words (LEGALESE) used by the trilogy of GOVERNMENT, the LAW SOCIETY/BAR, and BANKS, only their legal definitions matter. These words are to be looked up in a legal dictionary (those exist for a reason), AND/OR their legal definition within the ACT, CODE, or STATUTE being used. YOU do not look for LEGAL definitions in an English dictionary, although you will hear members of the LAW SOCIETY/BAR, LEGISLATORS, CLERGY, and other figures of alleged "AUTHORITY" always pointing out to "the COMMON definition" of the words, as they appear in English dictionaries. Also, there are no synonyms, nor homonyms in "law"/legalese. Anyone who tells the contrary to these FACTS is lying to you.
Spoiler alert: This LAW SOCIETY/BAR CLAIMS OWNERSHIP of all INDIVIDUALS. Claim meaning “a challenge of the ownership.” Ownership meaning “anything that is owned by a person or entity.” Individuals meaning NATURAL PERSONS. Natural persons meaning “real human beings (that’s you, and me!).” Yes, human beings are presumed to be the PROPERTY of this LAW SOCIETY/BAR, a SOCIETY which we are not a part of, but belong to. Which means humans are considered SLAVES, “which is a man who is by law deprived of his liberty for life, and become the property of another.” More in this SOCIETY on part 2.
Therefore, in order to understand this article, and what money is, you must look up the definitions of the all-caps words in this article in a LEGAL dictionary. (http://legal-dictionary.thefreedictionary.com/). I cannot stress this enough. You believe to know the definitions to these words, but I bet not in legalese. I have facilitated links for all words with caps linking to the legal definitions (a “for IDIOTS” edition). Without looking at the words in caps in a legal dictionary, you won’t be able to grasp this article. You will also need a moderate to advanced knowledge about science, Bitcoin and crypto currencies, the blockchain technology, legal matters, and accounting. This is not for "believers." This is for "thinkers."
I am not here to convince you, nor do I honestly care what you believe, and/or think about me, and/or about what I am going to share. That’s on you. I am not looking for followers, "friends," and/or believers, although I am interested in sharing this information wishing it reaches minds in search of knowledge. Do you believe that you value knowledge?
Regardless, what I will tell here anyone can VERIFY, for it’s in the PUBLIC RECORD. Do not take my word for it. I was asked to PAY it forward, and this is part of repaying that DEBT, and keeping a PROMISE. Wise men always keep their promises, I have come to learn this late in life, because I was shown. How much do you believe to value truth?
Back to the point ... money.
Spoiler alert: <<Any item or verifiable record that fulfills these functions can be considered as money. >>
Do you know what MONEY is? I believed money was just Federal Reserve NOTES MONEY. These are all examples of money: BILL, NOTE, INSTRUMENT, SECURITY, CURRENCY, COIN, TOKEN, FUNDS, CASH, LEGAL TENDER, BILL OF EXCHANGE, and also crypto currencies like BITCOIN are money. But, crypto currencies (Bitcoin) can be a different, and much better type of money. We will find out why later.
Money has 3 distinct uses, and 6 characteristics. The 3 distinct uses are: a) medium of EXCHANGE, b) UNIT of ACCOUNT, and c) STORE of VALUE. The 6 characteristics of money are 1) durability, 2) portability, 3) acceptability, 4) limited supply, 5) divisibility and 6) uniformity. For a short presentation on the uses and characteristics of money, please click this link, or go look it up yourself. (http://www.slideshare.net/Geckos/uses-and-characteristics-of-money-presentation)
Some things are not the creation of man, but can be considered AS MONEY (look up the legal definition of AS, is not what you probably believe) and a CURRENCY; e.i. seeds, grain, salt, shells, pearls, stones, tobacco, etc. Some of these also possess both, or some of the 3 distinct uses of money, and it’s 6 characteristics, just AS money has. So seeds, grain, salt, shells, pearls, stones, tobacco, etc., can be considered AS money or currency, but are not money. Got that?
Taking that under consideration, here is the definition, in short, of money:
<<Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context,[1][2][3] or is easily converted to such a form. The main functions of money are distinguished as: a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment.[4][5] Any item or verifiable record that fulfills these functions can be considered as money.>>
Let’s break down this first sentence <<Money is any ITEM (A single article or unit in a collection, enumeration, or series. An entry in an account. A bit of information; a detail) OR VERIFIABLE (To make certain, to substantiate, or to confirm by formal oath, affirmation, or Affidavit) RECORD (Evidence. A written memorial made by a public officer authorized by law to perform that function, and intended to serve as evidence of something written, said, or done)... >>
Did you read that? And as you can read in the definition of money, it can be: 1) a single article or unit, and/or 2) making entries in an account, and/or keeping a record/written memorial (in a LEDGER, for example) by an officer (by an ACCOUNTANT, or authorized AGENT for example), and/or 3) a bit of information (like BITCOIN, both an item, and a verifiable record, and a bit information).
Keep that in mind. Money, sometimes, can be just one unit (a thing), but other times can also be other things at the same time. It can be 1) one unit of a thing (like a $20 unit), 2) making entries in an account, and/or keeping a record/written memorial, and/or 3) a bit of information, as well. So it’s fair to say money is a technology. And part of this technology is a methodology of ACCOUNTING of that money.
Let’s continue with the definition of money, << ... that is generally ACCEPTED (meaning to receive money with approval and intention to keep it) as PAYMENT (the fulfillment of a promise (an undertaking to pay); the performance of an agreement. A delivery of money, or its equivalent in either specific property or services, by a debtor to a creditor) for GOODS (items; chattels; things; any Personal Property) and SERVICES (meaning work performed for pay) AND RE- (in the matter of, concerning) PAYMENT (a delivery of money, or its equivalent in either specific property or services, by a debtor to a creditor) of DEBTS... (a sum of money due to another)>>
It’s filled with the words pay, payment, repayment, and when we look at the legal definition of PAY it means: “to deliver money owed.” Money owed? So we are talking about DEBT, which means “a sum of money due to another.” It looks like this money they are talking about is debt (that is all the definition mentions, debts), and keeping the accounting of this debt money. Money as debt. Today’s money is DEBT IN TRANSIT. Nothing else. Remember that, money is DEBT IN TRANSIT.
The current monetary system is based in debt; based on the future production of humans. For more on this fact you may watch Paul Grignon’s Money as Debt III - Evolution Beyond Money, or visit his website at http://www.moneyasdebt.net/. It’s imperative you watch Paul Grignon’s work, it’s extremely educational, plus it goes into detail about what money is.
Let’s continue: <<The main functions of money are distinguished as: a medium of EXCHANGE, (to trade or barter property, goods and/or services for other property), a UNIT (one thing that may be exchanged) of ACCOUNT (a LEDGER record in which is entered details of all financial transactions), and a STORE (a secure area for the storage of finished goods) of VALUE (the estimated or appraised worth of any object or property, calculated in money), and, sometimes, a standard of deferred payment.[4][5](which means DEBT)>>
And now for the last sentence of the definition of money: <<Any item or verifiable record that fulfills these functions can be considered AS money>> In comes Bitcoin, which is considered “as money,” and is a better type of money.
Many know, or have heard of Bitcoin, as a virtual CURRENCY, or more accurately a crypto currency created by a mysterious "We" (as revealed in Bitcoin's white paper) by the name of Satoshi Nakamoto. Quoting Satoshi's white paper, Bitcoin is "A purely peer-to-peer version of electronic cash (that) would allow online payments to be sent directly from one party to another without going through a financial institution." In other words, is a new type of money in the form of currency that can be made, and exchanged among parties, without the necessity of third party interventions. Bitcoin is an application that runs on a revolutionary technology called the blockchain. Bitcoin is both money, and a CURRENCY.
If you want to know what Bitcoin and the blockchain are, go to the source first, and read Satoshi's Bitcoin white paper, at the Bitcoin official website, BEFORE anything else (https://bitcoin.org/bitcoin.pdf). Then, there is plenty of additional information on the Internet about what is the blockchain, Bitcoin, and how they work.
Bitcoin has all 3 uses, and 6 characteristics of money. It is also 1) one unit of a thing, 2) making entries in an account, and/or keeping a record/written memorial, and/or 3) a bit of information. By definition, Bitcoin fulfills all the requirements to be considered AS MONEY! But it gets better, it comes with a built-in accountant that keeps immutable public bookkeeping records of bits of information (a public ledger), plus it provides a place for exchanges and deposit of money; in other words, to have your own bank. A BANK is a place for EXCHANGES, and deposit of money.
One of the most important aspects of Bitcoin is that this money/currency is not based on debt, or future human productivity. Is not DEBT IN TRANSIT. Yet, another of it’s most disruptive, and amazing characteristic is that Bitcoin does not attach a LEGAL TENDER to it’s use.
I had mentioned not all money is the same. The difference is that the money that the trilogy of GOVERNMENT, the LAW SOCIETY/BAR, and BANKS tender has TERMS (obligations to fulfill), and CONDITIONS (requirement that must be met to fulfill obligations) should you voluntarily decide to use that particular kind of money. LEGAL TENDER. Bitcoin does not carry such LEGAL TENDER. What is LEGAL TENDER? It’s legalese. These are 2 separate words. Let's look at their legal definitions:
<<LEGAL: conforming to the law; required or permitted by law; not forbidden by law.>> <<TENDER: to present to another person an unconditional offer to enter into a contract. 2) to present payment to another. 3) n. delivery, except that the recipient has the choice not to accept the tender. However, the act of tender completes the responsibility of the person making the tender.>> LEGAL is the law of SURETY, and ACCOUNTING. Remember that, LEGAL is the law of SURETY, and ACCOUNTING. That is all the “law” you want to be concerned about.
Have you ever read a NOTICE in a sign reading "No Parking between 7am to 7pm. Towing enforced." This is a NOTICE warning users that there are TERMS, and CONDITIONS attached to the use of that parking space. It’s not your parking space, but you enjoy the benefit of being able to use it, should you decide to. But you MUST follow the rules.
Well, just like a sign reading "No Parking between 7am to 7pm. Towing enforced" "This NOTE is LEGAL TENDER” is a legal NOTICE warning users that there are TERMS, and CONDITIONS attached to the use of that money. LEGAL TENDER is not money. It is something that is attached to the use of money.
"This NOTE is LEGAL TENDER” translates to "This note (a promise to pay for a debt at a later time) is also notice that, should you voluntarily use it, you have been presented with an unconditional offer to enter into a contract, which is accepting the "law" (The Tender for Law); the application of all federal, and local acts, codes, and statutes with the force of "law" to your person. In other words, you are literally paying, and buying the "laws" when you use LEGAL TENDER.
The application of the "laws" cannot be because of "magic;" or because of old magic parchments, that strangers having nothing to do with you wrote long ago; or because some "majority" said so in a massive ritual (voting); or because someone in a nice or ridiculous suit said so. Using their money ties your person to the “laws.” Everything else is a distraction from this LEGAL and true fact. If you use “their” money, “their” rules apply. Period.
The human genome has been mapped. We are all semi-evolved chimps that have made it this far. There are no "special" men. We are all the same species. There is not one single man, or woman, much less dead agencies/institutions/entities (some created before you were even born) that have special "authority" powers over other men, unless you hold such BELIEF, or make a VOLUNTARY AGREEMENT to enter into such relation. How so? By using LEGAL TENDER. And there are men out there that make PROFITS by convincing you some other men, or some AGENCY, have the moral RIGHT to RULE over you, because “it says so” in some “magic book,” or on some “magic parchment”/piece of paper/"law." That way only a few men become "authorities," without carrying any LIABILITY. This becomes a relationship of MASTER, and SLAVE. Follow the money.
The question is, are we getting all "laws" we have been paying for? Spoiler alert: heck no! Is not the field of “law” monopolized? Don’t you have to enter into a commercial transaction, and ATTORN to have your person’s rights honored? Ask ALL attorneys: what does an attorney ATTORNS? See them dance in a sea of lies. Some want to keep parts of the "law" just for themselves, and want to DISHONOR the tender for law that the use of money provides. The Tender for Law that the use of money provides is FRAUD, because we are paying for these “laws,” and we are not getting what we paid for.
The trilogy of GOVERNMENT, the LAW SOCIETY/BAR, and BANKS, are powerless against blockchain based technologies like Bitcoin, Ethereum, and OpenBaazar, for example. That is the reason why they are not regulated. They are not using legal tender money as a medium of exchange, which is what creates JOINDER with the trilogy.
The trilogy of GOVERNMENT, the LAW SOCIETY/BAR, and BANKS can only regulate the exchanges from Bitcoin, or other crypto currencies, into monies that carry a legal tender. Legal tender is their creation/property, so it falls within their rules. Uber drivers, and users are now thriving in Argentina, all because they are using ONLY Bitcoin, and not legal tender, as a medium of exchange for rides, effectively avoiding government regulations. OpenBaazar is another example. So this is not "crazy talk." These are real life examples today. Of course, any member of the trilogy will go to any extent to lie about this LEGAL fact. And they have licenses to legally lie to you about it. They are forbidden to talk about this.
What is different about Bitcoin money, compared to legal tender money? The difference is that Bitcoin DOES NOT tender a “law,” or an unconditional offer to contract, nor does it have terms and conditions attached to it's use, unlike cash, negotiable instruments, coins, and other monies that do. Bitcoin = No Legal Tender. Take as much time as you need to think about that. Out of LEGAL. For now.
Satoshi Nakamoto makes us ponder a few things. First of all, had you ever thought that you could create your own money/currency before Bitcoin? Had you ever thought that maybe you have the RIGHT to make your own money/currency? Satoshi more than proves that you can make your own money/currency, outside of the fiat LEGAL TENDER money, and that apparently it's also our right. And it makes complete sense here in reality.
Satoshi also made sure anyone could use, free of cost, the code of Bitcoin (open source), should any of us want to use it as a template to start our own currency, or use the blockchain technology to build new things. Many have done it. Litecoin, Dogecoin, Dash, and now robust and disruptive blockchain based or related platforms, such as Ethereum, or initiatives as Minds.com. Bitcoin started in 2009. Now there are literally hundreds of crypto currencies, and many blockchain based, and related platforms/applications changing the world at this very moment. What is stopping you/me?
Lastly, had you ever thought of having your own BANK, a place for EXCHANGES? Had you ever thought that having your own bank might be your RIGHT? When we look at the legal definition of BANK, << 1. A place for the deposit of money.>> we can see that by having a Bitcoin wallet you already have your own bank. A place to deposit money. Bitcoin is not your money, because you did not create it. Same thing with legal tender money, it’s not yours, you did not create it. But Bitcoin, unlike legal tender, is money YOU control, with no sneaky rules attached to it's use. For now. Most Bitcoin users, and folks in general, miss these legal facts.
Both ACCOUNTING, and "law" (legal) have been monopolized by design, and banking and "law" seem something foreign to us. So, Bitcoin is living proof that we can have our own banks, and that apparently it's also our right, should we choose to have our own. If Satoshi can, so can you, and me. Computer scientists were the ones to see this first, and ran with it. A wave of innovation like the human race has never seen has just started.
Bitcoin is money, a currency, and provides a place for a bank, but is NOT an INVESTMENT. Why do many look at Bitcoin as an INVESTMENT? One of the most important uses of money has been that of a store of value, or the ability for this money to hold it's value over time. If a certain type of money does not hold it's value over time, then it's bad money, e.i. fiat currencies. Many think of Bitcoin as an investment. But currencies, and money are not investments. Folks simply ignore what money is (3 distinct uses, and 6 characteristics), therefore confusing one of Bitcoin's uses, that of a store of value, with an investment. The difference between believing, and knowing. The attractive feature of Bitcoin as “investment” is the store of value over time it provides. Bitcoin out performed all other world currencies in 2015, and proved to be a better type of money by providing a better store of value.
So MONEY is DEBT IN TRANSIT. There is a LEGAL TENDER attached to the use of money. LEGAL is the law of SURETY (who pays), and ACCOUNTING (how much money it’s owed), and the law of SURETY (who pays), and ACCOUNTING (how much money it’s owed) has been attached to the use of money. Bitcoin is money, a currency, and provides a place for a bank, without attaching a LEGAL TENDER to it’s use, yet is not an INVESTMENT. The LAW SOCIETY/BAR CLAIMS OWNERSHIP of all INDIVIDUALS, and that is you, and me. A SOCIETY which we are not a part of, but belong to, as their PROPERTY. Oh, and the Illuminati are the good guys! Trust me on this one!
How do I know this information? It was GIFTED to me (us) by the only man I have found has told the truth about law, and money; Scott Duncan. I did not believe Scott Duncan, he told me to “TRUST, but VERIFY” this information. And so I did VERIFY for over 5 years now. EVERYTHING has turned out to be true. I will share part of that experience on <<Money, "Law," Satoshi Nakamoto, and the Bitcoin "not legal money" revolution - Part 2>>
https://www.facebook.com/notes/anibal-jose-baez/money-lawlegal-satoshi-nakamoto-and-the-bitcoin-not-legal-but-not-illegal-money-/10154358869064169/