Page 1 of 6 123 ... LastLast
Results 1 to 30 of 168

Thread: The Return of Sound Money

  1. #1

    Default The Return of Sound Money

    Ladies and Gentlemen, Announcing:

    One hundred percent.

    Pure.

    Gold.

    I was going to wait until April 19th for sentimental and symbolic reasons, but.... why wait?

    I am the owner and founder of a start-up that for the past year and a half has been in stealth mode. What is it, you ask? We have built a system that allows you to spend gold at any merchant that accepts Visa.

    Huh, you say?

    A gold-backed debit card.

    Get it?

    Your balance is in ounces.

    You can pay anyone. You don't have to convince them to accept gold. You don't have to explain to them of the virtues of sound money. You just pay them. Magic happens. They get dollars.

    https://Midas.gold

    I have been using the system in its various prototypes and versions for a couple years now. There are still bugs to be worked out, to be sure, but fundamentally it works.

    Check it out and let me know if you're interested.
    Last edited by helmuth_hubener; 04-20-2017 at 12:58 PM.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.



  2. Remove this section of ads by registering.
  3. #2

    Default

    I still haven't used the card you sent me Helmuth, sorry. I just have been real busy. I just dug up the card and authorization code, going there now.
    Quote Originally Posted by misterx View Post
    Yeah, I like cops. They keep the streets safe. Get over it.

    Quote Originally Posted by dannno View Post
    The Fed is NOT safe from audit, Trump has said he wants to audit the fed and we may have some bills coming up soon.

    Trump is helping Rand pass his healthcare plan, if you think Trump actually supported RyanCare then you are foolish and you need to go read the threads where I addressed this topic. Rand was talking to Trump 2-3 times a week, and Rand told Trump straight up it wasn't going to pass, it didn't have the votes. Trump knew it wasn't going to pass, so he supported it to make sure it was all Paul Ryan's failure and none of it could be blamed on him. Trump hates Paul Ryan.

    Trump is going to help save Syria, with Russia's help.
    Quote Originally Posted by Mordan View Post
    It is not about brainwashing. You can support Trump for practical reasons. I think Danno is right about the Syria missile strikes helping Trump politically in the US. The media stopped talking about the sickening russian narrative. Proof again it was just a hoax to manipulate the public opinion.

    Trump made a good call as a politician. Libertarian souls can bitch all they want about principles and being conned. Trump is going to disappointed again. I have enough hairchest.

    Just answer the question. Which game is Trump playing?

  4. #3

    Default

    Ouch, getting the connection is not private warning.
    Quote Originally Posted by misterx View Post
    Yeah, I like cops. They keep the streets safe. Get over it.

    Quote Originally Posted by dannno View Post
    The Fed is NOT safe from audit, Trump has said he wants to audit the fed and we may have some bills coming up soon.

    Trump is helping Rand pass his healthcare plan, if you think Trump actually supported RyanCare then you are foolish and you need to go read the threads where I addressed this topic. Rand was talking to Trump 2-3 times a week, and Rand told Trump straight up it wasn't going to pass, it didn't have the votes. Trump knew it wasn't going to pass, so he supported it to make sure it was all Paul Ryan's failure and none of it could be blamed on him. Trump hates Paul Ryan.

    Trump is going to help save Syria, with Russia's help.
    Quote Originally Posted by Mordan View Post
    It is not about brainwashing. You can support Trump for practical reasons. I think Danno is right about the Syria missile strikes helping Trump politically in the US. The media stopped talking about the sickening russian narrative. Proof again it was just a hoax to manipulate the public opinion.

    Trump made a good call as a politician. Libertarian souls can bitch all they want about principles and being conned. Trump is going to disappointed again. I have enough hairchest.

    Just answer the question. Which game is Trump playing?

  5. #4

    Default

    How do you know it really exists in a vault.? Still another middle man.

  6. #5

    Default

    Quote Originally Posted by Origanalist View Post
    Ouch, getting the connection is not private warning.
    Ahh. Just a slight SSL glitch (SSL can be tricky). Thanks for letting me know. I should have it resolved within 24 hours.

    In the meantime, for just reading up on it I have enabled http://Midas.gold/intro . So, interested RPFers may go there.
    Last edited by helmuth_hubener; 04-17-2017 at 09:21 AM.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  7. #6

    Default

    Quote Originally Posted by Origanalist View Post
    Ouch, getting the connection is not private warning.
    OK, problem solved! Try it again and you should get no warning.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  8. #7

    Default

    Electric ducats are not "sound money." IMHO. A bird in the hand beats two in the bush.
    He has combined with others to subject us to a jurisdiction foreign to our constitution,
    and unacknowledged by our laws;
    giving his Assent to their Acts of pretended Legislation:

  9. #8

    Default

    Helmuth, you might be interested.

    You are one of the few still on the right topic, imo.

    http://www.ronpaulforums.com/showthr...Metric-Reserve

    Shameless cross-thread promotion.
    What now?

  10. #9

    Default

    Quote Originally Posted by wizardwatson View Post
    Helmuth, you might be interested.

    You are one of the few still on the right topic, imo.

    http://www.ronpaulforums.com/showthr...Metric-Reserve

    Shameless cross-thread promotion.
    Thanks, Wizard.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  11. #10

    Default

    Can I fund a gold backed card with bitcoin?
    Did you ever make any progress on a bitcoin backed card?

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  12. #11

    Default

    Quote Originally Posted by presence View Post
    Can I fund a gold backed card with bitcoin?
    Did you ever make any progress on a bitcoin backed card?
    I would be OK with accepting bitcoin to fund the card.

    I do know exactly how I could make a bitcoin-backed card. I have it planned out and it will not be very hard. The framework I have built will allow, in theory, any of a variety of backing commodities to be used. I just figured I would release the gold-backed card first and then add other options (bitcoin, silver, others) once it takes off and becomes popular.

    But, maybe I am wrong. Maybe bitcoin would be a bigger market.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  13. #12

    Default

    Quote Originally Posted by kfarnan View Post
    How do you know it really exists in a vault.? Still another middle man.
    Quote Originally Posted by phill4paul View Post
    Electric ducats are not "sound money." IMHO. A bird in the hand beats two in the bush.
    Guys, I don't have any disagreement with you. You are right, so far as in what you're talking about. Storage security is a complex issue. If you feel more comfortable about the risks of keeping gold in your house than the risks of keeping it in someone else's vault, then that is by all means the better option for you as far as secure gold storage.

    At the same time, I do hope you'll try to understand what Midas is.

    What I've created is something different.

    You can already buy and hoard gold. That's not anything new. What Midas is for is if you want to be able to use your gold as money.

    What the Midas Liquid Gold Card lets you do is spend your gold. At any merchant that accepts Visa.

    That's all! Nothing much. It just lets you use gold as money.

    If you do not want to use gold as money, then it isn't really solving any problem for you, right? And so is probably not for you.

    Thank you very much for taking a look at it and for your feedback!
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  14. #13

    Default

    Quote Originally Posted by helmuth_hubener View Post
    I would be OK with accepting bitcoin to fund the card.
    What spot rate?
    What fees?
    Min / Max transfer size?
    How long before the balance appears?

    'We endorse the idea of voluntarism; self-responsibility: Family, friends, and churches to solve problems, rather than saying that some monolithic government is going to make you take care of yourself and be a better person. It's a preposterous notion: It never worked, it never will. The government can't make you a better person; it can't make you follow good habits.' - Ron Paul 1988

    Awareness is the Root of Liberation Revolution is Action upon Revelation

    'Resistance and Disobedience in Economic Activity is the Most Moral Human Action Possible' - SEK3

    Flectere si nequeo superos, Acheronta movebo.

    ...the familiar ritual of institutional self-absolution...
    ...for protecting them, by mock trial, from punishment...


  15. #14

    Default

    Quote Originally Posted by presence View Post
    What spot rate?
    Google's. https://www.google.com/search?q=bitcoin+spot+rate

    What fees?
    No fee.
    Min / Max transfer size?
    For the beta test, let's make it max $500 (so about 4/10 of a bitcoin). No minimum.
    How long before the balance appears?
    Well, first we'd have to set you up with an account and get a card. In this beta-testing mode, that will take a while.

    Once you're set up, though, it will appear as soon as we receive the funds. So, in the case of a bitcoin funding, probably within a couple hours. Certainly within a business day.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  16. #15

    Default

    OK, well, any other interest?
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  17. #16

    Default

    Quote Originally Posted by phill4paul View Post
    Electric ducats are not "sound money." IMHO. A bird in the hand beats two in the bush.
    Yeah, the whole point is what you end up holding, not the process you go through to get there. If I'm left holding dollars in the end, there isn't much of a point. And if teh system crashes someone else holding my gold doesn't help me at all.
    “Maybe I forgot to mention something to you: I don’t believe in queens. You think freedom is something you can give and take on a whim. But to your people, freedom is as essential as air. And without it, there is no life. There is only darkness.” -Zaheer

    "A man chooses. A slave obeys."-Andrew Ryan

    "There are three things the parasite hates: free markets, free will, and free men."-Andrew Ryan

  18. #17

    Default

    Quote Originally Posted by PierzStyx View Post
    Yeah, the whole point is what you end up holding, not the process you go through to get there. If I'm left holding dollars in the end, there isn't much of a point.
    Thank you, Pierz. I see now I have a LOOONG way to go before I can be said to have explained how Midas works in a easy-to-understand way.

    Because, with Midas, you are not holding dollars. You are holding gold.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  19. #18

    Default

    OK, here's another way to understand it:

    Let's say you are a customer of a bank or credit union (You probably are! So not too much imagination required.). Your bank helps you handle your financial affairs more easily. You have an account, and you have a debit card linked to that account with which you can make purchases.

    Wouldn't it be nice if that bank was run under the principle of 100% reserve? Rather than making fraudulent loans and thus creating money out of thin air? I think most of us would agree that it would be. That would be a big improvement. If there were a bank that switched over to being run like that, boy oh boy, wouldn't that be great?

    Now, what if this 100% reserve bank then decided that keeping 100% reserve in terms of dollars was not good enough? It goes one step further and becomes a 100% gold reserve bank. All accounts are backed 100% by gold. Backed by, denominated in, and convertible to. Wow, that would be even better!

    Ahh well, that's a beautiful dream, but only a dream. Right?

    Except.... now it's not. Now it's real. It's built.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  20. #19

    Default

    @angelatc, @Brian4Liberty, @undergroundrr, @dannno, @Danke, @jmdrake, anybody seen this thread?

    I think I needed a better thread title.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  21. #20

    Default

    Quote Originally Posted by helmuth_hubener View Post
    @angelatc, @Brian4Liberty, @undergroundrr, @dannno, @Danke, @jmdrake, anybody seen this thread?

    I think I needed a better thread title.
    I will look into it, but the link says I am not invited. "private beta testing "
    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of apportionment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  22. #21

    Default

    Quote Originally Posted by helmuth_hubener View Post
    @angelatc, @Brian4Liberty, @undergroundrr, @dannno, @Danke, @jmdrake, anybody seen this thread?

    I think I needed a better thread title.
    Thread title is good , but I would go with Return to Sound Money / Gold backed card . Something like that .
    Support CalExit .

  23. #22

    Default

    Quote Originally Posted by oyarde View Post
    Thread title is good , but I would go with Return to Sound Money / Gold backed card . Something like that .
    How about trading for beads?
    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of apportionment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  24. #23

    Default

    Quote Originally Posted by Danke View Post
    How about trading for beads?
    High quality bead days are over . The white socialists invaded the country like locusts . Being too lazy to make nice beads for themselves they outsourced it to chinese kids . Nobody wants those . I usually just go with something simple like Bobcat claws or teeth these days .
    Support CalExit .

  25. #24

    Default

    Quote Originally Posted by oyarde View Post
    High quality bead days are over . The white socialists invaded the country like locusts . Being too lazy to make nice beads for themselves they outsourced it to chinese kids . Nobody wants those . I usually just go with something simple like Bobcat claws or teeth these days .
    How many Bobcat claws or teeth do I need for a young squaw?
    Quiz: Test Your "Income" Tax IQ!

    Short Income Tax Video

    The Income Tax Is An Excise, And Excise Taxes Are Privilege Taxes

    The Federalist Papers, No. 15:

    Except as to the rule of apportionment, the United States have an indefinite discretion to make requisitions for men and money; but they have no authority to raise either by regulations extending to the individual citizens of America.

  26. #25

    Default

    Quote Originally Posted by Danke View Post
    I will look into it, but the link says I am not invited. "private beta testing "
    THIS is your invitation, Danke! You're all invited! Everyone's invited! Midas is my site.

    I haven't had time yet to make a nice sign-up form and process. So, we're just doing it via PM.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  27. #26

    Default

    Quote Originally Posted by Danke View Post
    How many Bobcat claws or teeth do I need for a young squaw?
    It is about time you settled down and made some babies . Some new recruits for my militia .
    Last edited by oyarde; 04-20-2017 at 03:38 PM.
    Support CalExit .

  28. #27

    Default

    How is this different than e-gold?
    * Enforce Border Security – America should be guarding her own borders and enforcing her own laws instead of policing the world and implementing UN mandates.

    * No Amnesty - The Obama Administration’s endorsement of so-called “Comprehensive Immigration Reform,” granting amnesty to millions of illegal immigrants, will only encourage more law-breaking.

    * Abolish the Welfare State – Taxpayers cannot continue to pay the high costs to sustain this powerful incentive for illegal immigration. As Milton Friedman famously said, you can’t have open borders and a welfare state.

    * End Birthright Citizenship – As long as illegal immigrants know their children born here will be granted U.S. citizenship, we’ll never be able to control our immigration problem.




    Reprinted from http://www.ronpaul2012.com/the-issues/immigration/ [Nov. 29, 2011]

  29. #28

    Default

    Quote Originally Posted by angelatc View Post
    How is this different than e-gold?
    e-gold:

    * You could pay anyone with an e-gold account

    Midas:

    * You can pay anyone who accepts Visa

    The Liquid Gold Card is an actual, physical payment card I send you in the mail, which you can use just like any other payment card, and which is 100% backed by gold.


    e-gold:

    * Combination of factors (anonymous, spends were irrevocable) made it very attractive to criminals. Crime, gambling, and pyramid/MLM scams were the top three principle clientele of e-gold. Sad but true. Libertarian enthusiasts were a distant fourth. This brought them, inevitably, to the disapproving attention of the authorities.

    Midas:

    * Midas is not anonymous, spends are revocable, and it has no feature that would serve any purpose for a criminal, nor for illegal gambling, nor for pyramid/MLM scams. Not one. It holds no attractiveness nor value for such applications. We want only honest, high-quality people on the platform.

    We are doing everything by the book and are strongly focused on avoiding any legal problems. Protecting our customers and keeping you safe is Priority #1 and no other priority even comes close.
    Last edited by helmuth_hubener; 04-20-2017 at 02:51 PM.
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  30. #29

    Default

    Great question, BTW, angelatc! Thank you!
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

  31. #30

    Default

    Quote Originally Posted by Danke View Post
    How many Bobcat claws or teeth do I need for a young squaw?
    Just make that ball land on red and you'll be able to buy plenty!
    The rebel of the 21st Century will be old-fashioned.

    Western Civilization is collapsing. Modernity, particularly egalitarianism, has killed it. The solution is to implement a traditional-style civilization.

Page 1 of 6 123 ... LastLast





Similar Threads

  1. A Primer on Sound Money (Sound vs Unsound)
    By AlexMerced in forum Economy & Markets
    Replies: 1
    Last Post: 03-16-2012, 03:19 PM
  2. Napolitano-Return to Sound Money
    By GeorgiaAvenger in forum Economy & Markets
    Replies: 2
    Last Post: 01-27-2012, 11:46 AM
  3. Replies: 3
    Last Post: 01-19-2012, 04:59 PM
  4. Utah considers a return to sound money. Ron Paul mentioned
    By The Dark Knight in forum Ron Paul Forum
    Replies: 2
    Last Post: 03-04-2011, 04:16 PM
  5. Replies: 0
    Last Post: 11-26-2008, 02:25 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •