Silver Dime Card: Difference between revisions
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==Conception== | ==Conception== | ||
[http://www.donttreadonmeme.com Don't Tread On Meme] began producing Silver Dime [and Quarter] Cards in 2010 to provide a smaller-valued unit to compliment the rise of precious metal barter and to create a convenient educational tool for [[Austrian School]] concepts such as [[Gresham's Law]], [[Inflation]], and [[Subjective Theory of Value]]. They were influenced by innovators such as [http://shiresilver.com Shire Silver], [http://www.opencurrency.com American Open Currency Standard], [http://www.delvalleysilver.com Del Valley Silver], and [ | [http://www.donttreadonmeme.com Don't Tread On Meme] began producing Silver Dime [and Quarter] Cards in 2010 to provide a smaller-valued unit to compliment the rise of precious metal barter and to create a convenient educational tool for [[Austrian School]] concepts such as [[Gresham's Law]], [[Inflation]], and [[Subjective Theory of Value]]. They were influenced by innovators such as [http://shiresilver.com Shire Silver], [http://www.opencurrency.com American Open Currency Standard], [http://www.delvalleysilver.com Del Valley Silver], and [[Silver Circle]] movie project, with whom they have found the cards to be a valuable marketing tool for the upcoming film and tenth-ounce silver rounds. | ||
Of particular influence to the Silver Dime Card project was the [[Wikipedia:Liberty Dollar|Liberty Dollar]], from whose prosecution the risks of advertising a new coin as "currency" with a [[Wikipedia:Face Value|face value]] became evident. For those reasons the Silver Dime Card was judged to be safer from legal challenge because it utilizes a [[Legal Tender]] coin and does not claim a certain value-in-trade. It has been suggested that trading in "junk" coins allows the transaction to be reported at a face value significantly less than market value. | Of particular influence to the Silver Dime Card project was the [[Wikipedia:Liberty Dollar|Liberty Dollar]], from whose prosecution the risks of advertising a new coin as "currency" with a [[Wikipedia:Face Value|face value]] became evident. For those reasons the Silver Dime Card was judged to be safer from legal challenge because it utilizes a [[Legal Tender]] coin and does not claim a certain value-in-trade. It has been suggested that trading in "junk" coins allows the transaction to be reported at a face value significantly less than market value. | ||
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==Open Source and Co-Branding== | ==Open Source and Co-Branding== | ||
[http://www.donttreadonmeme.com Don't Tread On Meme] have produced custom cards for liberty-supporting organizations such as Freedom's Phoenix Digital E-Zine, Wheels Off Liberty Podcast, Freedom Feens Podcast, Fr33 Aid, Porcfest 2012, Silver Circle | [http://www.donttreadonmeme.com Don't Tread On Meme] have produced custom cards for liberty-supporting organizations such as Freedom's Phoenix Digital E-Zine, Wheels Off Liberty Podcast, Freedom Feens Podcast, Fr33 Aid, Porcfest 2012, [[Silver Circle]], the author Tarrin Lupo, and Roberts & Roberts Brokerage, Inc. | ||
Within one year others were inspired to build upon the model. In March 2012, Freedom's Phoenix created and sold over 5,000 Silver Dime Cards to raise funds for the website [http://www.dailypaul.com/223526/daily-paul-dime-card-drive-by-freedoms-phoenix The Daily Paul]. Subsequent fundraisers are planned. | Within one year others were inspired to build upon the model. In March 2012, Freedom's Phoenix created and sold over 5,000 Silver Dime Cards to raise funds for the website [http://www.dailypaul.com/223526/daily-paul-dime-card-drive-by-freedoms-phoenix The Daily Paul]. Subsequent fundraisers are planned. | ||
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==The Moneylith== | ==The Moneylith== | ||
To further promote the concept of silver as an affordable and accessible barter money, [http://www.donttreadonmeme.com Don't Tread On Meme] purchased a vending machine in January 2012 with the sponsorship of silver dealers Roberts & Roberts Brokerage, Inc., along with Freedom's Phoenix, Silver | To further promote the concept of silver as an affordable and accessible barter money, [http://www.donttreadonmeme.com Don't Tread On Meme] purchased a vending machine in January 2012 with the sponsorship of silver dealers Roberts & Roberts Brokerage, Inc., along with Freedom's Phoenix, [[Silver Circe]], The Shire Society, Freedom Engineering, Shire Silver, Porcfest 2012, RTR.org, and Antiwar.com. The machine became a prop for economic and political "street theater" at events such as Ron Paul campaign appearances and liberty conferences. Due to the black monolithic appearance and its purpose as a "sentinel" for economic evolution, it became the inspiration for a web-based featurette film [http://vimeo.com/43791029 ''2012: A Silver Odyssey''] written as an allegory to the film [[Wikipedia:2001: A Space Odyssey (film)|''2001: A Space Odyssey'']]. | ||
==See Also== | ==See Also== | ||
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*[[Legal Tender]] | *[[Legal Tender]] | ||
*[[Silver]] | *[[Silver]] | ||
*[[Silver Circle]] | |||
[[Category:Alternative Currency]] | [[Category:Alternative Currency]] | ||
Revision as of 03:48, 12 June 2012
A Silver Dime Card is an Alternative Currency consisting of one 90% Silver Dime (United States coin) laminated within a credit-card sized plastic sleeve. The dime is accompanied by a paper insert often printed with graphics on the front and a conversion table on the back. The table is intended as a suggestion, to aid the holder in converting the price of bartered goods between Federal Reserve Notes and the amount of silver within the card. Owing to the popularity and utility of the card, they often trade at values higher than the silver spot price.
Conception
Don't Tread On Meme began producing Silver Dime [and Quarter] Cards in 2010 to provide a smaller-valued unit to compliment the rise of precious metal barter and to create a convenient educational tool for Austrian School concepts such as Gresham's Law, Inflation, and Subjective Theory of Value. They were influenced by innovators such as Shire Silver, American Open Currency Standard, Del Valley Silver, and Silver Circle movie project, with whom they have found the cards to be a valuable marketing tool for the upcoming film and tenth-ounce silver rounds.
Of particular influence to the Silver Dime Card project was the Liberty Dollar, from whose prosecution the risks of advertising a new coin as "currency" with a face value became evident. For those reasons the Silver Dime Card was judged to be safer from legal challenge because it utilizes a Legal Tender coin and does not claim a certain value-in-trade. It has been suggested that trading in "junk" coins allows the transaction to be reported at a face value significantly less than market value.
Silver Calculator App
The signature addition by Don't Tread On Meme is a QR code linking to their original mobile app "Silver Calculator" for Android and iPhone. It was conceived as a point-of-sale, live-update interface for precious metal barter. It has been continually updated to include international and nongovernmental coins and it has over 6,000 downloads. Multi-lingual versions are planned.
Exposure
The Silver Dime Card project found early support on the live syndicated radio show Declare Your Independence with Ernest Hancock. Hancock recognized the potential of the cards to extend the discussion of honest money beyond electoral politcs and established Wallet Voting as a "Craigslist" for silver barter.
Commercials aired during the show are narrated by Phoenix radio veteran Charles Goyette, author of Austrian-themed books The Dollar Meltdown and Red and Blue and Broke All Over. Don't Tread On Meme's tagline reflects the subversive spirit of barter culture: You can audit The Fed, You can end The Fed, but why not start by ignoring The Fed?
Open Source and Co-Branding
Don't Tread On Meme have produced custom cards for liberty-supporting organizations such as Freedom's Phoenix Digital E-Zine, Wheels Off Liberty Podcast, Freedom Feens Podcast, Fr33 Aid, Porcfest 2012, Silver Circle, the author Tarrin Lupo, and Roberts & Roberts Brokerage, Inc.
Within one year others were inspired to build upon the model. In March 2012, Freedom's Phoenix created and sold over 5,000 Silver Dime Cards to raise funds for the website The Daily Paul. Subsequent fundraisers are planned.
Silver Dime Cards can now be found circulating internationally. La Monnaie Saine, the "Bastiat 2012" Frédéric Bastiat fan group from Strasbourg, France, produces cards containing French silver coins with a conversion table for the Euro. In the same theme as Don't Tread On Meme, they advocate a peacful market-based transition away from troubled fiat currency.
The Moneylith
To further promote the concept of silver as an affordable and accessible barter money, Don't Tread On Meme purchased a vending machine in January 2012 with the sponsorship of silver dealers Roberts & Roberts Brokerage, Inc., along with Freedom's Phoenix, Silver Circe, The Shire Society, Freedom Engineering, Shire Silver, Porcfest 2012, RTR.org, and Antiwar.com. The machine became a prop for economic and political "street theater" at events such as Ron Paul campaign appearances and liberty conferences. Due to the black monolithic appearance and its purpose as a "sentinel" for economic evolution, it became the inspiration for a web-based featurette film 2012: A Silver Odyssey written as an allegory to the film 2001: A Space Odyssey.