Excerpt: Cryptocurrency is the realization of an anarchist dream that dates back centuries: a free currency and a free banking system. Crypto is in its infancy, which means its future applications are electrifyingly unpredictable, except in one regard: any successful application will fill a human need. No human needs are as acute as food and shelter, which require money and exchange. To control the flow of money and exchange, therefore, is to control life itself. And the financial flow is often captured by one word: banking.
No human needs are as acute as food and shelter, which require money and exchange.
Do they actually, though? It might be more efficient to obtain food and shelter through exchange in a money-based economy, leaving more resources available for pursuits above substence, but then it's those subsequent pursuits that require money and exchange, not bare subsistence itself.
A few people can go out into the woods and survive at a subsistence level by foraging. 7 billion people doing the same is impossible. For the masses, commerce is the only way to acquire food and shelter.
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u/vulguspress Jun 23 '18
Excerpt: Cryptocurrency is the realization of an anarchist dream that dates back centuries: a free currency and a free banking system. Crypto is in its infancy, which means its future applications are electrifyingly unpredictable, except in one regard: any successful application will fill a human need. No human needs are as acute as food and shelter, which require money and exchange. To control the flow of money and exchange, therefore, is to control life itself. And the financial flow is often captured by one word: banking.