Sublime

Third, we are fearful creatures and go to great lengths to preserve a sense of certainty, even when we know it to be false.

When people entrust money to financial institutions, they generally don’t have the expertise or time to make sure the institution is doing its job. In most cases, it is much more efficient for people to band together and pool resources to ensure that their banks and exchanges are on the straight

publicly visible.

George Packer in 2014, in a New Yorker piece detailing Amazon’s takeover of the book industry. With this data,

falling public expenditures on research and development (R&D) as a share of gross domestic product (GDP), especially in information technology.

fiat currency

Money is as much a social construct as it is a government one. Together, we must make sure that the values that are enshrined today in the US dollar and the currencies of other democracies—values like individual liberty, freedom of speech, personal privacy, free enterprise, and the rule of law—are encoded in the digital money of the future.

“They have hired astronomers; they have hired mathematicians; they have hired physicists; they have even hired theologists. They never even interviewed an economist.”