Francesco Simoncelli's Freedonia
What follows is a document co-authored by several contributors to Bitcoin Magazine and proud members of the Bitcoin community.
While many people believe that money has always exclusively been a creation of government, this is untrue. There have been many periods throughout history where governments were not the custodians of the money supply. Unfortunately, today almost every nation employs a central bank that has a monopoly on what currency is allowed to be used within their domain.
The original signatories to this document believe that central banks and governments throughout the world have abused their exorbitant privilege of printing money. This document proposes a new way of doing things.
Francesco Simoncelli's Freedonia