Money Without Boundaries, How Blockchain Will Facilitate the Denationalization of Money by Anderson, Thomas J. -- Read -- Imperial Library of Trantor

Index

Cover Table of Contents Preface

The Paradox of Money Breaking Down My Quest A Part of a Broader Movement – Cryptocurrency Technologies, Theories, and Capital Markets The Bottom Line: Money Is Credit and Credit Is Money Democratized Borrowing on a Leveled Playing Field Don Quixote Meets Copernicus Endnotes

Acknowledgments Introduction

What Is Money? Money as a Store of Value Demise of the Gold Standard Planting the Seed for the Denationalization of Money Endnotes

Part One: THE FOUNDATION

Chapter 1: Money Through Time – A Different Perspective

“The Holy Gift of Free Gold” National Debt, National Blessing? Following the Yellow Brick Road “Breaking of the Gold Fetters” “Let Me Lay to Rest the Bugaboo…” Endnotes

Chapter 2: The Fundamentals of Money

Narrow Money versus Broad Money The Theory of Money and Credit Full Faith and Credit: Money Is the Government's Debt Endnotes

Chapter 3: Banking – An Overview

A System That Multiplies Money Money Is Credit, and Credit Is Money “Not for Profit, Not for Charity, but for Service” Endnotes

Chapter 4: The Denationalization of Money

Irving Fisher: Abolish Fractional Reserve Banking Milton Friedman and Setting the Nominal Interest Rate to Zero Friedrich Hayek: Denationalize Money Endnotes

Chapter 5: The Rise of Cryptocurrency

Coins and Tokens Is It a Security or a Utility? The Howey Test Stablecoin: Establishing Trust and Stability How Should We Value Coins and Tokens? Endnotes

Chapter 6: The Role Model

Everything the Banking System Is Not Endnotes

Part Two: THE FOUR PILLARS – OUR BUILDING BLOCKS

Evolving Modern Portfolio Theory and the Risk‐Free Asset Summary of Pillar 1 Endnotes

Chapter 8: Pillar 2 – The Credit Theory of Money

Creating Money Under the Credit Theory of Money Creating a Medium of Exchange Summary of Pillar 2

Chapter 9: Pillar 3 – Solving the Trust Gap = Blockchain

It All Started with the Cloud What, Exactly, Is Blockchain? Why Should We Care? How Does Blockchain Work? Why Would Anybody Do This? Who Maintains the Network? Blockchain Components and Ecosystem Protocol Tokens and App Coins/Tokens: Working Together The Other Layers Summary of Pillar 3 Endnotes

Chapter 10: Pillar 4 – Capital Markets as a “Technology”

What Are Capital Markets? What Are Money Market Accounts? What's in a Money Market Fund? How Efficient Is the Repurchase Market? How Does This Relate to Our Third Pillar, Blockchain? What Is Securitization, and Why the Prejudice Against It? How Securitization Works How Subordination Works Slicing and Dicing Our Way to Risk‐Free Summary of Pillar 4 Endnotes

Part Three: THE CONCEPT

Chapter 11: Transcending Space and Time

From Star Trek to the Death Star “Copper, Beads, and Such Like Trash” as Money A Store of Value that Transcends Space and Time Endnotes

Chapter 12: Bringing the Building Blocks Together

A Known Store of Value: The Blockchain Revolution A Different Objective: Zero Risk Weight, Mass, and the “Risk‐Free Rate” The Kilogram and the Specimen An Elastic Definition of the Specimen A Sample Specimen Convergence Checklist Endnotes

Chapter 13: A Neural Network Begins

A Perspective on a Decentralized Market in Money The Other Sides of Zero The Paradigm Begins to Shift The Paradigm Shifts: One Loan The Neural Network is Born Endnotes

Chapter 14: Conclusion

Securitizing Individuals at an Individual Level with Blockchain Welcome to a Whole New World, Mr. Keynes Endnotes

Appendix A: The Future of Money – A Credit‐Based Society

Structural Superiority Illustration

Appendix B: A House of Cards

A Debt‐Fueled Illusion Our Perspective Must Shift Endnotes

Glossary Resource Guide

Inflation, Interest Rates, and Hyperinflation Money Monetary Theory Banking Banking Systems Nonprofit and Cooperative Banking Fractional Reserve Banking – Expanded The Relationship Between Money and Interest Rates Modern Portfolio Theory Securitization and Collateralized Pools of Loans Bitcoin and Blockchain Key Technologies and Terms Key Theories and Phenomena Key Historic Events, Panics, and Shocks of the Past 200 Years Notable Hyperinflations The Coming Crisis

Bibliography About the Author Index End User License Agreement