| I will take the risk and give an explanation. The are two first principles that few fully understand:
The first is that we are creatures of commerce - that is how we sustain ourselves. The economy is the total FLOW of all concurrent commercial transactions, and this is conducted via cash & money. For an artistic, but accurate image of the world we live in see this scene from Network (1976): https://www.youtube.com/watch?v=35DSdw7dHjs&t=89s. The second first principle is that you are a sovereign spirit in this universe, and so is everybody else.
There are no behavioral rules in the natural reality, only in the social reality.
The rules, symbols, ideologies, religions, and institutions exist to manipulate other people's behavior and concentrate cash flows in the great system that is the economy.
But in the pure state of nature, it really is only you. The cash flows concentrate as the more capital you start with the more you can acquire. The precious few people who reach the "Center of Cash Flows" ultimately do so with force; they kill people over money, embezzle public funds, and so on because they are sovereign in their selfish minds. They are not "above the law," the law is simply for other people, not them. That is and has always been the true nature of "government." But we have governments now that are sophisticated enough that we don't even know their true nature. It's like a laundromat owned by the Triads. You don't ever see the Triads, you don't know who owns the place, you simply go in and put your quarters into the machines. The logical outcome of our combined individual sovereign states is that there is and has always been a human or some humans who are truly sovereign, who can break and make the rules and are not subject to the rules themselves because there is no higher power above them. They are the power and they derive that power from their control of the cash flows. Unfortunately, if we are to form a peaceful society, only they can be sovereign; if everyone behaved in sovereign fashion we'd all be killing and stealing from each other all the time and that's not good for anyone. The sovereign sets the rules of the game that everyone underneath plays.[1] The problem, as we know from history, is that the sovereigns themselves are a point of failure and we occasionally get a Stalin or Pol Pot there who have no vestigial empathy, and we have a "monopoly government" of total extortion, subjugation, and death. The own nothing was only a joking reference to this https://www.youtube.com/watch?v=lBBxWtKKQiA which has become a bit of meme. So can you now see how this proposed "database money" is some unknown sovereign person(s) wanting to take all your money? [1] Maybe centuries from now can reach a state where everyone understands their sovereign states but chooses cooperation. We could solve the prisoner's dilemma with transparency, as cooperation would win out and we'd all have better outcomes. |
Or you can introduce -5% negative interest on cash today and end this debate without having to wait centuries.