4 ms·
Money used to be fully decentralized and private before it was digital and controlled by banking systems. I see it as just a return to that norm.
by xyzzy4747 4y ago
Money used to be fully decentralized and private before it was digital and controlled by banking systems. I see it as just a return to that norm.
- ethanbond 4y agoWhen was this? AFAICT currency was issued by centralized bodies and those bodies had audit rights over almost anyone who used that currency. Seems to be the case since currency was invented, and is sort of implied by e.g. monarchs’ faces being printed on the currency itself.
- xyzzy4747 4y agoThe currencies were denominated in gold or silver, which could hypothetically be melted down (if people chose), and the vast majority of transactions were not recorded or tracked.