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RE: Creating Money Out Of Thin Air Is Magical

in LeoFinance5 years ago

So you are saying in the future innovation will be come the commodity or the currency? Crypto just facilitates that shift. I think I am understanding it anyway. If nothing else, I understand the reason they area printing so much money now.

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Innovation comes from people. Money is just a tool used to facilitate that innovation and creativity. Up to this point, that money came at a cost to all of society since it was debt. That meant the loan process was highly controlled with only the most attractive (those with the greatest likelihood to repay) getting the money. The rest were excluded.

Crypto is providing an funding mechanism that completely circumvents that area. This means that people are going to be able to pursue the innovations once this concept takes hold.

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So if crypto had been around in Tesla's time, he could have been funded instead of Edison. Edison was better at attracting money, but Tesla had the more amazing ideas.