Two Opposite End of The Financial Food Chain
Empowering the people?
If this roadside seller being rob heads on, the robber go to jail.
But when he being robbed blatantly through inflation, nobody goes to jail.
The (inflation) robber and the poor guy are at two opposite far end of the entire financial food chain.
“The few who can understand the system will be either so interested in its profits, or so dependent on its favours, that there will be no opposition from that class, while, on the other hand, that great body of people, mentally incapable of comprehending the tremendous advantage that Capital derives from the system, will bear its burden without complaint and, perhaps, without even suspecting that the system is inimical to their interests.”
Sometimes people don’t want to hear the truth because they don’t want their illusions destroyed.
Where have all the revolutionist gone?
Blockchain will do to banks what the internet did to media
Socmed (Social Media) put the newspaper into everybody’s phone. Now everyone is a reporter.
When technologists put a bank into everybody’s phone, everyone can become a bank. Where would the banks be then?
As we speak, the crypto world is moving rapidly, progressively.
A bunch of people are trying to form the real “public’s” bank, where unbanked and underbanked have no place in it, where poverty (caused by financial slavery) could really be a thing of the past.
Somehow, history will mark this period of time as another important milestone for human progress, equivalent to that of Renaissance, and Industrial Revolution.
From conceptional coins to corporate tokens to eventually the CBDC (in whatever form it may be), what the people innovate, the power to be appropriates.
Will we witness how things conclude in our lifetime? Only time will tell.
Anyhow we are part of it now.
One for all, all for one.