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RE: Fundaments of Modern Slavery
so is crypto, and it's the nsa's invention. as said in the article, only gold and silver are money (or really whatever people decide it is, precious metals have been used for obvious reasons.) when the state has a monopoly on money issuance, the state will corrupt it, because power corrupts doesn't it?
lord acton also said the issue which will come down through the ages and which will eventually be fought over is the people versus the banks. wise man. tick-tock.
I agree that crypto is money that is being produced from virtual space. But it is at least required some type of work to prove that currency. For fiat, you don't need anything but printing machine and agreement that it is worth something. And that being said crypto is decentralized while fiat is central.
yes, via the nsa:
http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm