October 23, 2018

Wait... What Is Money?

“Just like the separation of powers between the Church and State, I feel money should be controlled by no one. Much less by a few people who believe they have enough knowledge to make decisions about the cost of things, how much you’ll earn or how much your money will be worth in a few months.

I understand the purpose of government-issued currency but at the same time, I believe we are giving away too much power – and as you guys know, power easily corrupts people. Especially when we consider the lack of transparency in the banking system. I mean, it seems pretty easy to do whatever you want to do behind these curtains, protected by complex banking laws and extremely powerful lobbies.

I would much prefer if all institutions used a transparent ledger, like Bitcoin. At least it would be harder to bend the rules if they did have to answer for certain transactions.”

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