Why Everyone Missed the Most Mind-Blowing Feature of Cryptocurrency
Daniel Jeffries
55K399

I have to say that despite the clear knowledgeability and storytelling skill this idea is totally ridiculous. Money is nothing but an abstraction layered over the flow of actual value. The economy is not the flow of bank balances, it’s people getting out of bed in the morning, doing some work or inventing something that other people want and being given some things they want in return.

Yes, it’s well said that this abstraction called “money” has been hacked by some elites to hoard lots without producing equivalent value e.g. Governments, banks, bitcoin miners. It’s a hack which sucks the underlying wealth upwards. You can’t just give the hack to everyone because where are they going to suck from? Everyone. That would just suck.

No, perpetual motion machines don’t exist and neither does free money for everyone.

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