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RE: Libertarianism, liberty and the blockchain

in #philosophy7 years ago

The problem as I see it getting more people to move into cryptocurrency is that it hasn't been dumbed down enough yet. They want a simple understanding of the system behind it. Currently as any person on the street where money originates from and they can't explain it. I've read numerous articles and still struggle to explain how a bank Liam creates new currency. Dollars are simple. It starts when you're a kid and mommy gives you some coins. If you put it in the machine a gum ball comes out. Cryptocurrency needs a physical coin that has value and can be deposited to turn it back into a code on the web. Maybe this exists... I've only ever seen commerative bitcoins.