Nate
@nanogloss
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We know—if users have access to the right products and financial networks—they'll store value in non-sovereign money
(BTC, DOGE, SHIB, Bitcoin Cash, Litecoin, Monero, Ethereum Classic, Wif, Notcoin, BRETT)
The way most people view this is through the lens of financial nihilism—users are so hopeless that they think degenerate gambling is their only path to prosperity
A more accurate view is that controlling money is powerful. Whoever controls money gets to make money, which means they can spend on a fake balance sheet; they can manipulate markets; they can borrow against reserves. A 'freedom rationalist' view recognizes that users don't want money to be ejected from a bloated, concealed org structure. They want to express value in networks of their own creation, and this gives them power
The active ceiling on non-sovereign financial networks is the use of dollars for sybil resistance. Right now, token networks distribute value with dollar costs. The more you pay, the more tokens you get
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