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Dave Troy

@davetroy

1/There are people who are genuinely trying to talk intelligently about cryptocurrencies, but can’t because they don’t have historical background. This thread tries to correct that by suggesting required reading. First, it’s necessary to know what problem it attempts to solve.

2:57 PM · Jan 3, 2022·Twitter for iPhone

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Dave Troy

@davetroy

·

Jan 3

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@davetroy

2/Bitcoin is designed to be “sound money.” It can’t be controlled by government. What’s mine is mine, what’s yours is yours, and can’t be “diluted” by shadowy “central bankers,” lurking in their urban apartments, smoking cigars — or worse, eating lox bagels.

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Dave Troy

@davetroy

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Jan 3

3/This has been an obsession of a certain kind of person for over 100 years. Protocols of the Elders of Zion (1903) was an early propaganda piece out of Russia, later amplified by Henry Ford.

en.wikipedia.org

The Protocols of the Elders of Zion - Wikipedia

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Dave Troy

@davetroy

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Jan 3

4/The creation of the Federal Reserve in 1913 and the Bolshevik Revolution in 1917 terrified the industrial aristocratic class; the mob was at the gate. They were coming for their money, one way or another.

en.wikipedia.org

Federal Reserve - Wikipedia

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Dave Troy

@davetroy

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Jan 3

5/The rich did not take this lying down. They began to organize. In 1933 they tried to overthrow the US government and capture or kill FDR, to restore the Gold Standard (sound money) and kill the Federal Reserve. They were not successful.

en.wikipedia.org

Business Plot - Wikipedia

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Dave Troy

@davetroy

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Jan 3

6/Meanwhile another idea had taken root: race science, funded for decades by industrialist backers. Also known as “Eugenics,” the theory was that humans could only evolve if “superior” genes were propagated, requiring “competition” and “free markets.”

en.wikipedia.org

Eugenics in the United States - Wikipedia

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Dave Troy

@davetroy

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Jan 3

7/In 1937, Wickliffe Draper started the Pioneer Fund, which for decades would support a range of “race science” inquiries and informed “research” developing in Nazi Germany. Remember the “Bell Curve?” That’s Pioneer Fund.

en.wikipedia.org

Wickliffe Draper - Wikipedia

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Dave Troy

@davetroy

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Jan 3

8/A weird cult group called “I AM” also got underway in the 1930’s. It was obsessed with gold (“sound money”) and chanted: “Blast blast blast the Roosevelts from this earth.” Robert LeFevre was convicted in 1940 for his role in the gold cult.

en.wikipedia.org

"I AM" Activity - Wikipedia

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Dave Troy

@davetroy

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Jan 3

9/LeFevre would go on to found the “Freedom School,” which laid the foundation for and promoted American libertarianism and Austrian economics. One pupil and supporter of the Freedom School? Charles Koch (see Dark Money, by Jane Mayer)

en.wikipedia.org

Freedom School - Wikipedia

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