What happens when they can no longer use money as a system of control?
We know that money serves as:
– A Store of Value (SoV)
– A Medium of Exchange (MoE) and
– A Unit of Account (UoA)
But what happens when a fourth use of money is introduced, one which subordinates all the other characteristics: money as a system of control.
This talk took place at the Advanced Digital Innovation Summit on September 12th 2017 in Vancouver, Canada: https://antonopoulos.com/event/adisummit-vancouver-canada/
Here’s a very interesting excerpt from Andreas’ talk…
“But what happens when exit is not a physical act, but a virtual act?
What happens when people decide to exit from the financial system in a virtual way?
“Vrexit” “Bitexit”… You can keep the inside of the guilded cage it is demographically stagnated, it’s over leveraged, it’s swimming in debt, it’s out of control, and it serves a tiny sliver of the population.
YOU CAN KEEP IT!
An entire generation of Millennials no longer believe in that fiction of “Bank Security”, of “future possibility”, of differed earnings, of interest rates, of Mortgages…
THEY WILL EXIT!
THEY ARE EXITING!
Not just here, even more so in the countries where the existing system of infinite finance, of the system of control is used despotically, is used oppressively.
China is exiting in droves, and it’s barely started, Bitcoin’s been around for nine years.
And so what does the insider group do?
What do the regulators do in response to a system that cannot be regulated?
They regulate the bits they can, they regulate the exchanges, they regulate the bank accounts, they regulate the national currency side of things, they shut down the on-ramps and off-ramps, they say “we will not let you take your money with you” and what do millennials say to that?
DUDE I DON’T HAVE ANY FU#%#%# MONEY!
All I have is my creative potential, my spirit, my productivity, and I can sell that directly to Bitcoin without an exchange, without an on-ramp, without an off-ramp, and when I need to buy something I’ll use my Digital Currency directly, without re-entering your system to which I was never invited.
Shut down the on-ramps, shut down the off-ramps, and I will stay on-board, I will stay digital, I won’t touch your guilded cage anymore because I don’t need you.
Follow Me On Facebook. Click Below!