Historical crypto

New economic systems have only happened a few times in human history. Cryptocurrencies are a thousand-year event. The changes will not occur overnight but will ripple out over millennia.

It will not run side-by-side with the fiat money system for long. Even without the invention of crypto, the fiat system died back in 2008. Keeping it on life support by baling out the banks does nothing to solve its problems. An insane system where new money is created out of thin air by central banks, only backed by the extension of credit. If all the money in existence is created this way, where does the money come from to pay the interest on the debt? Only by borrowing more money in ever increasing cycles of debt, thereby sucking all of the value out of human labor. A system that only benefits the central banks' cartel and a handful of wealthy elite families.

The fiat money system has not been sound money since leaving the gold standard. But this is just an anomaly in terms of human history. We now have the opportunity to use sound money again. Crypto is not an investment vehicle, but a rejection of the economic system we are forced to use. Money without friction, without middlemen taking their cut, where value can be transferred directly from consumer to the supplier of a good or service. This will unlock a free flow of capital from areas of excess to areas creating the most value for society.

The road forward will not be easy. It's unfortunate to be the struggling pioneers pushing for a brighter future for all. Many systems of control in the incumbent institutions will fight crypto every step of the way. But know that they cannot win, they cannot turn back the clock.