Money - unconstrained by geography or institutions ?

Kiweikoo

hero member

Activity: 1036

Merit: 500

Quote from: robro on March 11, 2019, 08:10:37 AM

"Money should move as easily as email does; money should be native to the internet, unconstrained by geography or institutions." - Beniamin Mincu CEO www.elrond.com

https://twitter.com/ElrondNetwork/status/1105046195246981120

What do you think?

Yes I agree with you, money needs to be fully off the hands of the government who controls money by printing as much amount as they need thereby causing inflation in the economy of the system, we need a money that is controlled by the people and should have a consensus before more money is been created and bitcoin is making this happen already, this makes bitcoin and other cryptocurrency government biggest threat.

robro

newbie

Activity: 106

Merit: 0

Quote from: sandra_x on March 11, 2019, 08:21:31 AM

There are obvious advantages of having money truly free from the shackles of censorship, that is one of the uniques advantages cryptocurrency offers, nonetheless, there are a few exceptions to this general proposition, the only form of money that should be free is a truly decentralized money, not some minted coins minted at the behest of some governments or corperations.

Agree with you there - decentralization is key

sandra_x

member

Activity: 574

Merit: 14