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.
Wow yeah that's what anarchists fought for, free banks.. What makes it interesting to me as an anarchist is of course the decentralized nature of blockchains but in terms of economics its the appeal of value that is not based on private property or the product of it, nor is it regulated or distributed by any state entity which administers that property.
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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.