‘Almost all governments are built on the centralized control of money. If money is decentralized, it’ll change how taxes are collected and how to pay the military and law enforcement structures. What then?’
To some, money is a medium of exchange and to most, the numbers represent your bank account, which is true. But that is describing the utility of money, all of which is based on the human capacity to believe in something.
I vaguely became aware of cryptocurrency around 2012 and started to pay more attention as time went on. While I found the concept interesting and quite elegant, my overall comprehension of it was shallow. Some of these nascent thoughts are as such: A potential advantage of crypto is absolute privacy and security, which would be fantastic. Is that actually possible? While I’m no expert on these matters it seems to me that almost anything on the internet is vulnerable to a determined and talented individual in these areas, who may not have your best interests at heart.
It's possible the broad acceptance of crypto will require a Constantine moment. Constantine, you may recall, was the Roman emperor that decided Christianity was his religion, which then quickly crystallized the wholesale adoption of this belief system throughout the empire.
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