3 ms·
Bitcoin forces reexamination of custody issues from first principles. Do countries smaller than the largest 100 corporations really need their own central bank
by naveen99 7y ago
Bitcoin forces reexamination of custody issues from first principles.
Do countries smaller than the largest 100 corporations really need their own central banks ? And if they are themselves consumers of the ecb or the fed, they have custody issues also.
Democracy is the custody of people’s power with elected representatives. With immigration people can reallocate the custody of that power.
Not all people need 100% 3rd party custody of money.
Also, bitcoin makes it easy to detect theft and audit 3rd parties more easily.