Yorick de Mombynes Profile picture
Senior Public Auditor 🇫🇷 @Courdescomptes - Austrian Economics - #Bitcoin - https://t.co/TRQPA8Uq7H
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13 Mar
1/17. A few key takeaways from this fascinating book, Layered Money by @timevalueofbtc
2/17. Examples of monetary “layers” :
- first-layer money : a gold coin held in a vault
- second-layer money : a gold certificate, printed and circulated instead of the gold coin
3/17. Features of layered monies :
- first-layer money : final settlement
- second-layer money : IOU, counterparty risk

“Each layer represents a side of somebody’s balance sheet”
Read 17 tweets
16 Nov 20
I cannot believe I have just read such a fascinating book...

Here are my 99 favorite quotes from How Innovation Works, by @mattwridley

1. "Innovation, like evolution, is a process of constantly discovering ways of rearranging the world into forms that are unlikely to arise by chance – and that happen to be useful”
2. [Innovation] “means more than invention, because the word implies developing an invention to the point where it catches on because it is sufficiently practical, affordable, reliable and ubiquitous to be worth using”
Read 100 tweets
15 Oct 19
My 116 favorite quotes from Money: Sound and Unsound, by Joseph.T. Salerno (2015)
@jtsale @mises #AustrianEconomics #SoundMoney
1. “The idea of sound #money was present from the very beginning of modern monetary theory in the works of the 16th-century Spanish #Scholastics who argued against debasement of the coinage by the king on ethical and economic grounds”
2. “It was #Fisher and not #Keynes who was the true founder of modern macroeconomics with its aggregative reasoning and its central notion of politically managed fiat money”
Read 118 tweets
7 Sep 19
My 140 favorite quotes from The Ethics of Money Production (2008), by Jörg Guido Hülsmann
1. #Money is omnipresent in modern life, yet the production of money does not seem to warrant any moral assessment”. J.G.Hülsmann
2. “To be sure, central bank representatives are lecturing the public on the importance of business #ethics; but their concerns do not seem to apply to themselves”. J.G.Hülsmann
Read 142 tweets
16 Jan 19
Mes 5 prédictions Blockchain & Bitcoin pour 2019 publiées par @Instit_Sapiens (thread)
1/5. La “dé-totémisation” de la “#Blockchain” devrait se
poursuivre : on comprendra de plus en plus que la “Blockchain” est
une notion ambigüe qui a suscité trop d’illusions et de fantasmes. Des
arnaques et projets absurdes continueront à fleurir mais en nombre
plus réduit
2/5. Le #bitcoin restera un tabou inquiétant pour les élites et la plupart
des observateurs qui continueront à le regarder avec une méfiance
superstitieuse et à l’accuser de tous les maux de la Terre
Read 6 tweets
8 Jul 18
Mes commentaires sur cet intéressant rapport parlementaire sur les #blockchains
1) S'agissant des aspects descriptifs, remarquable effort de documentation, de compréhension et de pédagogie technique sur les origines et le fonctionnement de #Bitcoin, des #blockchains et des #cryptomonnaies. Résultat assez impressionnant de précision et d'objectivité
2) Présentation honnête de l'importance du courant #cypherpunk
Read 12 tweets
15 Apr 18
Here are my favorite quotes from this amazing book. #THREAD
1. "Bitcoin can be best understood as distributed software that allows for transfer of value using a currency protected from unexpected inflation without relying on trusted third parties"
2. "While Bitcoin is a new invention of the digital age, the problems it purports to solve - namely, providing a form of money that is under the full command of its owner and likely to hold its value in the long run - are as old as human society itself"
Read 137 tweets