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RE: Cernovich's CENSORED Journalism now Appearing at Steemit!

in #cernovich7 years ago

I introduce it more simply by comparing it against a normal bank system. Bank holds fiat money that only has value because someone says it does, and miners accrue money by processing bank transactions with their GPU's no different than paying via a debit card. It's not entirely accurate, but close enough that it makes them go "Ohhh I get it."

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Yes, before, Rothschild, the FRS, world banks, the NWO, Rockefeller, had more control over the value of fiat, especially the dollar since the 1700's maybe in some as or maybe longer.

In other words, money became more of a monopoly..... long ago different local banks made their own money bills.... like checks.... backed maybe by gold more often than now.

And cryptocurrency is built instead on capitalism as opposed to centralized monopolism, technocracy, plutocracy, corporatism.