8/11/2019 Hans in Luck as a Model for the Inverse Alchemy From Gold to Electronic Money

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Hans in Luck as a model for the inverse alchemy from gold to paper money

 jwr47  

This is the head of the unlucky Louis XVI who 21 January 1793 had been guillotined for 

counterfeiting the rench !onetary syste! by e"#anding the debt and financial deterioration$

leading 17%9 to the riots !arking the beginning of the rench &e'olution( Louis XVI is the only

)ing of rance e'er to be e"ecuted$ and his death brought an end to !ore than a thousand years of 

continuous rench !onarchy( or so!e strange reason the guillotine*s stroke see!s to be

sy!boli+ed by the coin*s scar( The coin looks like a #recious golden #iece of 'alue$ re#resenting 12

,eniers( - rele'ant sa!#le is Louis XVI .177/01793( The letter 4 at the botto! refers to the!inting location Lille4(

 Fig. 1: Louis XV !17"#$ %ron&e coin'value 1# (eniers' at the %ottom mar)ed with a letter *+,

8/11/2019 Hans in Luck as a Model for the Inverse Alchemy From Gold to Electronic Money

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8/11/2019 Hans in Luck as a Model for the Inverse Alchemy From Gold to Electronic Money

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Hans in Luck as a fairy tale

e !ight rewrite the fairy tale$ in which <ans e"changes his )ennedy 19B/ for a #a#er certificate$

a future$ an >T and ulti!ately an internet account for banking by s!art#hone((( in which he owns

a bank account with a few sil'er bits and bytes stored in his gold and sil'er ?60traces( <is sil'er 

weight has been reduced by circa 1C3C$ but he now feels free as bird(

If the weight of your !oney is a burden$ your #roble! !ay be sol'ed by storing your sil'er dollar 

into the sil'er ?60tracks of your s!art#hone(

,on*t tell !e the ed is counterfeiting( The !onetary units in the dollar and e'en bitcoins are still

using #recious !etals to store your sa'ings; you are owning the sil'er electrons of your bitcoins(((

The >nglish fairy tale /he 0edley ow contains a si!ilar seHuence in which the !ain character 

 #ersuades herself that e'ery change is #roof of her good luck( I decided to transfor! this ancient

tale to a !odern 'ersion to illustrate the in'erse alche!y of !odern banking;

Hans in Luck as a smart bank account for 100 gold dollars

3

- #oor wo!an finds a #ot on the road( :he thinks it !ust ha'e a hole for it to be discarded$ but

o#ti!istically decides she !ight find a use for it as a flower#ot( Looking inside she disco'ers it is

filled with 1CC gold dollar coins$ and decides to drag it ho!e in her shawl( :he drags it for a while$

 but when she looks back$ the #ot has beco!e a lu!# of sil'er dollars with traces of gold( :he

decides this is better than gold$ as it is less likely to be stolen$ and goes on(

-fter a ti!e she turns back again$ to find the sil'er has turned into a chunk of iron with traces of 

gold( :he obser'es this will be easier to sell$ and that the #enny #ieces it will bring would be safer 

than either gold or sil'er(

:he goes on again$ and when she turns back a third ti!e$ the iron has beco!e a silicon rock with

traces of gold( :he e"clai!s how con'enient this will be as a doorsto#$ and ha##ily goes ho!e(

hen she reaches her ho!e$ the rock has transfor!ed again$ re'ealing itself as a !odern

s!art#hone including a bank account holding 1CC gold dollars$ re#resented by 1CC electrons

encircling the traces of gold in her cell #hone*s #rinted circuit(

:he e"clai!s how con'enient this lightweight cell #hone with its golden traces will be as a storage

for her 1CC gold dollars$ and ha##ily she enters her house to think about her good luck(

3 2riginal from +i)ipedias /he 0edley ow 

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Contents

<ans in Luck as a fairy tale((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((2

<ans in Luck as a re#resentation of counterfeiting by brass((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((2

<ans in Luck as a re#resentation of counterfeiting by bits((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((2

<ans in Luck as a fairy tale((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((3

<ans in Luck as a s!art bank account for 1CC gold dollars(((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((((3