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RE: Cryptocurrency Has To Understand About Building

The problem with people such as von Mises is that his writings and research was done before the Eurodollar system was really known. Plus most economists are not truly immersed in the study of the entire banking system, including the shadows.

So they miss a lot. FIAT is an easy thing to attack but the reality is private bank money dwarfs what is done in fiat. When you look at the Repo markets and international banking system you realize how large it truly is.

The great thing is that it is a system based upon Ledger technology. Cryptocurrency is tied to blockchain, Distributed Ledger Technology. There is a huge opportunity there.

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The Madness of private transactions inside highly manipulated markets is the real problem. People work all year to earn 100k, which is 50% taxes and other loan costs. While wives of moguls who have access to old wealth turn a single watch on Easter Sunday for the same profit - 50k up the market. If you're not in the club, you won't be allowed to buy it in the first place and you could not afford to do so anyway.

That kind of madness needs to be confronted, banks are not the only players who leverage imbalanced powers. The FIAT system itself is rotten to the core and creates those pockets overtime everywhere it goes. Not overnight, but slowly and not by accident. We need to create the ability to embrace higher instability and build opportunities for parallel economies, competing economic systems which keep each other loyal to the task of providing money to the 'marks' - to the companies and people eventually.

... well at least that is one way to look at it. But what do I know?!