2018-7-14 19:06 |
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The Satoshi Revolution: A Revolution of Rising ExpectationsSection 4: State Versus SocietyChapter 9, Part 4Does Your Money Serve the State or You?
– Felix Morley
Two simple litmus tests determine whether money serves the state (organized force) or whether it serves society (voluntary exchanges).
State money is issued either by the state or by an authority controlled by it, who claims a monopoly.
Crypto is a pure money of society—a public money, not one that serves rulers and elites.
The appeal to law reveals another and more fundamental difference between state money and that of society.
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