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RE: Blockchain revolution: Money and Credit

in #busy6 years ago

The fact that money is a concept is often forgotten. Humanity has a tendency of finding a way to improve upon old ideas and manifest them better and better. The same is with money, you clearly pointed out a history in which the same concept of money, store of value, unit of account and medium of exchange, has taken many forms and cryptocurrencies is just the newest one.

The part I really like about the post is that you pointed out the current structure of money is controlled and used for control, I would love to read more on these mechanisms from your point of view.

The internet came as a blessing and I am very grateful we are living in the digital era. We were not able to construct human structures of large-scale trust and consensus, but we were able to build digital ones. What I really find fascinating about blockchain technology is something so discrete that is not apparent yet. Before blockchain, consensus was one of the scarcest resources in human history, but now we have abundant digital consensus, all we need is to build around it. This is a profound game changer, hopefully for the best :)

I really am glad to have found you in the steem ecosystem, thank you for sharing pertinent and coherent information with us!

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Indeed - trust and consensus are the scarcest and most precious resources of our societies. With trust and consensus we produce pure beauty

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With mistrust and strife, sheer ugliness

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