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RE: STEEM And The Internet Of Money: Why EVERYONE Will End Up With More Money Than They Can Spend

in #steem7 years ago (edited)

@rantar - at the highest levels of political control, to buy into a system of limited money is akin to placing themselves in a straight jacket. Sure they will be rich, but they will no longer be able to print up their own money whenever they want which will force accountability. As Stefan says in this video, if Bush 43 had to go to each of us and ask for $75K from each American stating the reason that "Saddam is a bad guy" as the reason why we must do it, the war would never have happened. Unlimited money allows the state to pass off debt onto future generations and amass incredible power. Bitcoin and most other cryptos would place state power in check...

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True, one of the beauties of the blockchain is nothing is hidden. People will be accountable and you won't be able to make something out of nothing. Thanks for showing me that way to think.