Did Alan Greenspan - former chairman of the Federal Reserve - predict Bitcoin way back in a 1996 speech?
Did Alan Greenspan predict Bitcoin way back in a 1996?
Here's a thought-provoking Alan Greenspan quote found within Nathaniel Popper's book Digital Gold: Bitcoin and the Inside Story of the Misfits and the Millionaires Trying to Reinvent Money (2015) on page 17:
We could envisage proposals in the near future for issuers of electronic payment obligations, such as stored-value cards or 'digital cash,' to set up specialized issuing corporations with strong balance sheets and public credit ratings.
The passage within Nathaniel Popper's book which leads up to the foregoing quote is as follows:
Perhaps the most famous, if flawed, oracle of the Federal Reserve, former chairman Alan Greenspan, knew that money was something that not only central bankers could create. In a speech in 1996, just as Cypherpunks were pushing forward with their experiments, Greenspan said that he imagined that the technological revolution could bring back the potential for private money and that it might actually be a good thing...
I wanted to verify that the Greenspan quote was accurate and also read that entire 1996 speech. The entire speech can found at the FederalReserve.gov website as well as archives (dating as far back as 1999) of the same at the Wayback Machine website.
The 1996 speech by Alan Greenspan ends with what he refers to as a conclusion:
In conclusion, electronic money is likely to spread only gradually and play a much smaller role in our economy than private currency did historically. Nonetheless, the earlier period affords certain insights on the way markets behaved when government rules were much less pervasive. These insights, I submit, should be considered very carefully as we endeavor to understand and engage the new private currency markets of the twenty-first century.
For the record I'm not big into using the word 'conclusion.' I'm more of an observation and hypothesis type of guy.
In any event, there's a long running book review of Nathaniel Popper's book Digital Gold: Bitcoin and the Inside Story of the Misfits and the Millionaires Trying to Reinvent Money over at the Bitcoin.com forum which you may check in on as more is added: Bitcoin book review episode 3: DIGITAL GOLD (BTC) - Hal Finney - illegal encryption export - cryogenics - Erik Voorhees
You may also track the book over at Nandibear.com with passport # 2016001252 as it travels the planet:
NandiBear.com is a website where books can be tracked as they travel the planet. Just print a passport sticker and affix it to the inside cover of a book!
Getting a passport for books that you are donating to charity or libraries (or gifting) is a spectacular and thought-provoking idea as you may be able to see where your books end up and the new owners throughout the years and maybe even a bit of international travel.
Nandibear passports should also be used for books which you intend to keep for yourself. Someday (perhaps many, many years down the road) your books may end up in new hands. Nandibear passports never expire, they are good forever!
and Bitcoin.com forum and ReSteem.life
Bix Weir's theory is that Greenspan is the actual creator of Bitcoin and is Satoshi himself.
hi @canadian-coconut thank you for letting me know about Bix Weir! Is this their website: http://www.roadtoroota.com/
I am looking at that site now. If you know of a different site could you please let me know? (and thanks again!)
I have been a Bix Weir and RTR follower for several years, the rabbit hole is much deeper than BTC and cryptos, and precious metals. He basically covers EVERYTHING in pretty good depth all they way back to (and before) the institution of the Federal Reserve in 1913. Bix is also on steemit, believe it or not! He does not post much, pretty busy guy. He believes that a group of Gold Bugs has infiltrated the Fed and plans to return the U$A to a Gold Standard, and Jim Rickards' revelation that it is indeed in the works seems to uphold Bix's interpretation of documents released by the Fed during the Reagan Years. These documents are (hold on tight!) Comic Books, look up Wishes and Rainbows and the accompanying teacher's guide I believe it is called. Fantastic Theory, this Road to Roota, but if it does come about as predicted, it will indeed Make America Great Again!
Yes, except that he believes that they have now changed their plans of returning to a Gold Standard, because they realized that cryptocurrency would be better and easier to to implement.
Thanks, CaCoCo! I have not been keeping up on all the Bix emails, and I am not a private road subscriber. I agree, the cryptos would be easier, it's organically happening on it's own anyway... but Cryptos are backed with FIAT (currently) so they are not yet totally viable. Cryptos will need tangible backing, and some efforts to back with real estate are forthcoming. Also Precious Metals, I have seen that. I'm sure Bix is aware of those too.
Well, it would also be safer for President Trump to attack it from the Crypto Angle, IMO. Coin Stackers alos are aware that crypto can and should be backed by precious metals I believe.
hey @underground thank you very much for the information regarding the comic books! I believe that I have located them on Bix Weir's website. Are these the front covers featured on this page: http://www.roadtoroota.com/public/190.cfm
Cool, you should take a weekend and roll thru thru RTR website LOL!!!
The OIL CON is a great article, and you need to also read about the
undisclosed Gold Reserves in the Grand Canyon and Chocolate mountain...
@underground oh absolutely I'm going to. I'm becoming very interested in Bix Weir writings and his videos.
Bix Weir talks about Alan Greenspan starting after 10 minute mark,
and at 16:40 minutes he says that he thinks that he is Satoshi.
hi @canadian-coconut thank you for sharing this video also. I'm now becoming more and more interested in Bix Weir videos and writings.
You are welcome!
Yes, I really liked Bix's theories several years back when I first found him.
I still listen to his new videos every day.
Yes, that is him.
He talks about it a bit on this video, starting at the 10-minute mark.
I'll see if I can find a video or article where he gives a lot more details.
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Brilliant post, so Alan Greenspan (AKA Satoshi) may have made his prediction come true (bitcoin). ALLEGEDLY :)
hi @practicaleric it's great to see your comments here again (my fault for not posting a lot lately)! Btw, did you win the laptop?
Hello @nandibear, yes I did win the laptop but I still haven't received it yet. @jimbojones has been quiet for sometime now but he offered to send 3 laptops for 3 of us who participated in that contest. He asked for our addresses which we emailed him.So we are still waiting . Hopefully he will send soon.
Looks like your posts are starting to open up a lot of discussion in the forum. Excellent artwork too, Nandibear! Keep up the thought provoking work.
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