The simple reason why cryptocurrencies will replace national currencies

in #cryptocurrency7 years ago (edited)

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Which one is for you: Good money or Evil money?

We are now witnessing before our own eyes an unfolding battle between good money and evil money. Which one is cryptocurrency and which one is national currency, is evident.

I believe good money wins.

Good money wins because it liberates. Evil money loses because it oppresses. As simple as that.

Evil money concentrates all the power and wealth in the hands of a very few.

Today just 8 men own the same wealth as half the world.

Unsustainable, one-sided, oppressive, dumb, evil.

Good money distributes power and wealth within community-network.

Good money has the potential to reach the triple bottom line: human well-being, healthy planet, and only then profit.

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Evil money is designed to be discriminatory (credit scores, degrees), oppressive (obedience and efficiency are the only merits), corrupted (rent-seeking), inflationary (loses value as utility grows), and debt based (have to take a loan to start).
Good money is designed to be inclusive (open for everyone), trustless (no middlemen to trust with power and wealth), meritocratic, deflationary (increases in value as utility grows), credit based (have to invest with your resources to earn it).

Evil money leads to fewer and fewer people making less and less effort to produce more and more money. Total concentration of power and wealth is imminent under this system.

While fast growing amount of people using evil money have to work ever harder to barely make the ends meet. And it is all by design.

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The main feature of evil money is the separation of labor and capital (assets).

Good money compensates people generously for their efforts, and puts the capital/asset into the hands of workers. The profit is not redistributed, but distributed accordingly from the very beginning.

Evil money moves the world towards conflict and fascism.

Good money moves the world towards harmony and freedom.

The Director of MIT Media Lab, Joishi Ito, in his manifesto called “Resisting Reductionism”, hits the final intellectual nail on the coffin of evil money:

"The paradigm of a single master currency has driven many corporations and institutions to lose sight of their original missions. Values and complexity are focused more and more on prioritizing exponential financial growth, led by for-profit corporate entities that have gained autonomy, rights, power, and nearly unregulated societal influence. The behavior of these entities are akin to cancers. Healthy cells regulate their growth and respond to their surroundings, even eliminating themselves if they wander into an organ where they don’t belong. Cancerous cells, on the other hand, optimize for unconstrained growth and spread with disregard to their function or context."

This battle of good versus evil currency also filters out creative, freedom seeking and compassionate from arrogant, blissfully ignorant slaves, of which I hope very little will remain in the end.

So what do you choose: the future or the past?

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