Sublime

Money is fungible. Every dollar is the same. It doesn’t matter where money comes from—our job, an inheritance, a lottery ticket, a bank robbery, or our gig moonlighting as the bassist in a jazz quartet (dare to dream)—the money is all ours and it belongs, in fact, to the general “our money” account.

Money emerges from uncertainty, capital emerges from money, and uncertainty emerges from capital.

Money is based on two universal principles: a. Universal convertibility: with money as an alchemist, you can turn land into loyalty, justice into health, and violence into knowledge. b. Universal trust: with money as a go-between, any two people can cooperate on any project.

The central bankers who control money and credit (i.e., central banks) vary the costs and availability of money and credit to control markets and the economy.

Not only can you exchange anonymously, you can also prove your record of behavior if a government makes untrue charges or a business makes spurious claims. This combination of security and attestation makes cryptocurrencies a fundamental improvement on existing moneys—a remedy for the monetary turbulence of our time.