I was at an event yesterday when someone compared authoritarianism with liberty. And this got me thinking about where crypto might stand in these opposing values, in the United Kingdom.
The Dawn of a Financial-Political Revolution Caused by Blockchain
As important as Freedom of Speech is – and I am an absolutist – I would argue that in many ways it is Freedom of Transaction that underpins all of our other freedoms.
Anatoly posted the below last week on LinkedIn. It is a beautifully written and thoughtful piece on the characteristics of crypto which could benefit its use as a “flight to quality” which Anatoly has kindly agreed to us posting here on our website.
“Money remains the cornerstone of our society and yet the vast majority of young people have never been and will never be in a bank. Money is moving online.”
A transcript* of the speech given by Claire Cummings (founder) at our inaugural event
Gary Gensler could be the poster boy for the on-going theme of how people are losing faith in our “three letter institutions”. From the DOJ, to the CDC, to the MSM – we need our institutions to do better.
This question is at the crux of any consideration about the relationship of the state and the individual in digital assets.
The European Conservative published a thought-provoking article last month titled ““This Is Not a Big Brother Project”: Digital Currency and Political Control”. The eye-catching sentence in the sub-heading is “Christine Lagarde, ECB president, opined that even small transactions using the digital euro should be subject to control
The issues are far reaching. How can anyone live a normal, every day life without access to banking? How can anyone who wishes to buy a house hope to get a mortgage if their credit rating has been lowered for no financial reason?