9 votes

Did Thomas Edison Invent Bitcoin?

In 1921, Thomas Edison invented a decentralized alternative to the Fed, now known as the Edison Dollar. Here's a PDF on the Edison Dollar, and the video on bitcoin that popped up as an advertisement on my 2nd favorite cooking show, Tim's Kitchen Tips.


http://youtu.be/JQ1YI2H3O-Q

Also, a book called Harvesting Gold: Thomas Edison's Experiment to Re-Invent American Money appears to have good reviews, and there's a free look-inside.

"The untold story of how Thomas Edison, America's most celebrated inventor, tried to create an entirely new system of U.S. currency as a way of addressing social problems and stabilizing his nation's economy. Written and researched by economist David L. Hammes, this fascinating account draws on previously unpublished material from the Edison archives, including correspondence between the inventor and the foremost economic theorists and businessmen of his day. The appendix includes Edison's original proposal for reinvention of American money as well as relevant economic data."




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Ha, this is awesome, thanks

Ha, this is awesome, thanks for posting it.

Check out http://ronpaulforums.com for activism and news.

Lies!

Al Gore created bitcoin.

Liberia!

Thinks Al Gore was president:


It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

Lol, that's hilarious.

Lol, that's hilarious.

Harvesting Gold: Thomas Edison's Experiment to Re-Invent Money

http://www.amazon.com/Harvesting-Gold-Experiment-Re-Invent-A...

I just read the free 'look inside' excerpt on amazon which goes into the post WWI inflation then deflation and how it was caused by the Fed raising rates on loans to farmers. All good info and well-sourced.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

Pffft

Probably ripped of Tesla on that one, too.

I hear ya. :D

Edison certainly had his shortcomings, and I too used to kinda aim animosity his way on account of his relations with Tesla, but hey, that was all long before I was born. I have to admit that it's difficult to sort through the stories and legends to find what was real. Tesla aside, Edison [and his non-Tesla underlings, other nobodies he may have "ripped off"] undeniably expressed a kind of brilliance, and the monetary option posted here is no exception.

A lot of people were looking at alternatives to the then very

young fed. Edison was not the only one, and it can't be debated whose ideas were better until they are all rediscovered and reunderstood.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

No references

It would be interesting if remotely true.

People.. when the hucksters start making infomercials, it is unlikely the time to buy.

updated with reference.

Just one so far - computer's running slow.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

Thank you, I will certainly

Thank you, I will certainly read it. If this is true Edison preceded Hayek by several decades.

remember to upvote and share...

just click the twitter or facebook button.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

"All money is virtual money."

Potential quote of the year there.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me

Cashless society dreams

What nonsense. Need to get the right people in charge of reform.

I know, right.

Bitcoin is great.

It is what it is and it ain't what it ain't. Also there's pandas.

"Anyone who thinks you can't create something out of nothing never dated a drama queen."

-me