Kathleen D Wilhoit
Sep 2, 2018 · 1 min read

Everyone is using money minted by a hostile state, even in the US. I’m always shocked when people have no idea that only about 5% of the money in our 20Trillion dollar GDP is in circulation as cash. The rest is on computers somewhere, in the ether, just like bitcoin. Just not as accessible, liquid, or safe.

I’m also shocked that they think any means of exchange has inherent or stable value. It all fluctuates!

I’d consider not only that pundits are uneducated about money, which is just an idea that we’ve all agreed to participate in, but that certain banking regimes, frightened to death of Bitcoin and more so, decentralization of money no longer controlled by a hostile state, are putting scripts in front of said uneducated pundits, and pulling their strings.

    Kathleen D Wilhoit

    Written by

    CIO by day, painter by night. Sometime writer when I gather my thoughts. Voluntaryist, believer in liberty, crypto, and capitalism.

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