| What if the value store is the network itself. At this point currency is an abstraction relying on computers. I handle cash personally once a month. Amazon cashier-less stores are just as much to normalize the behavior of not paying as reducing jobs). Producing currency, securing it, moving it, the old banking infra just for finance management has a huge environmental impact. Banks are easily socially engineered. Corruption is rife. Eth shouldn’t be pegged to a dollar. It’s not a currency. It’s an information network. What crypto should be is not property but the technical network abstraction we develop and roll over. Grifters are trying to generate traditional wealth off the idea it’s a literal thing but we could just keep rolling new protocols out. Up to you to store your work. It’s a logical substrate for transmitting and storing information that can’t be monopolized like physical money if we see it as such. Unlike banks with full vaults, ephemeral network control can be coded out. No one person can become a black hole with disproportionate pull on social agency. |