As the inhabitants of the Spanish colonies in the nineteenth century, today we, the inhabitants of the new decentralized digital economy, we rebel against what we understand as a flagrant violation of our most basic rights. Although our "Declaration of Independence" took place on January 3, 2009 -Date launch Bitcoin and first step towards separation between money and State- today, July 9, 2016, we celebrate the second "halving". ( So we received the first halving ).
Halving?
Bitcoin is poised to replace gold in its role as universal and incorruptible currency. To ensure the shortage of monetary units, the amount of bitcoins generated about every 10 minutes automatically reduces by half every transaction blocks 210,000 (equivalent to about 4 years). Thus, the 03/01/2009, with the first block, the first 50 bitcoins were generated, and continued generating 50 bitcoins every 10 minutes until the 28/11/2012, where block 210,000, the emission was reduced to 25 bitcoins per block.
To this halving of the monetary issue, which is one of the basic rules of protocol Bitcoin, he says h Alving ( "halving" in English), and will take place today for the second time. Starting today, then, will to be generated 12.5 bitcoins every 10 minutes for 4 years. It is estimated that the last fraction of the last bitcoin will be generated in the year 2140, and never be more than 21 million bitcoins (each of which is infinitely divisible).
The halving shows that it is possible to limit the abuse of the authorities in charge of monetary policy. In fact, the very existence of Bitcoin shows that monetary policy is not required in other words, we do not need a committee of "experts" deciding what to do with the value of our money-.
But does make sense to speak of "our money" if others can easily corrupt to take the fruit of our work?
monetary independence
Being the owner's own money is condition for credible declaration of independence, be it individually or collectively. Not coincidentally independence movements have always sought to issue its own currency, from sheckels silver minted in Jerusalem during the Jewish revolt against Rome in 66-70 AD, through the Scottish silver crowns minted throughout the fourteenth century Edinburgh, during the wars of Scottish Independence; Massachusetts tickets 1776, issued at the beginning of the War of Independence of the United States .; the soles of silver and gold minted in 1813 and 1815 by rebels of the United Provinces of the River Plate; and more recently the "EUROCAT" digital currency that is proposed as a means of exchange for future "Republic of Catalonia".
The independence of a people with regard to foreign domination is something worthy of praise and celebration, much as it is the independence of a minority within that town, or a minority within that minority, and so on up to the individual person , indivisible sovereign unity and ultimate foundation of law. Nothing justifies the domination of the individual by those who claim to embody a common destiny (and under such chimera omitted adhere to ask whether they promote collective project).
Like any other based on compulsion monopoly, a monopoly on the currency is morally unacceptable and economically harmful. That is why we, the inhabitants of the new decentralized digital economy, we have declared our monetary independence. Because it's fair, but also because without it all other forms of independence becomes fragile and unstable.
We claim the right to freely choose the currency depending on our needs -coincidan or circumstantial objectives of this or government-, with the same conviction and for the same reasons that we claim the right of every individual to freely choose their diet, your occupation or your partner.
Inspired by the patriots of old, we are not demanding our freedom; We are taking it, defending it, and announcing to the world our firm intention to preserve it.