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Bitcoin is crypto. Crypto is not Bitcoin. Don’t get it twisted.
One of my great frustrations in writing this column is the stark realisation that most people know absolutely nothing about the money they use.
They don’t know where it comes from. They don’t know how it works. They don’t care. Money is taken for granted, like air and water.
For them, money just is.
Trouble is, money is not a product of nature. Money is a human creation that has a very specific purpose: Legalised theft.
Put plainly, money is the instrument that powerful people use to extract wealth from powerless people. And, for whatever reason, be it intelligence, disposition, character traits, or what have you, most powerless people just don’t care.
Likewise, for whatever reason, be it intelligence, disposition, character traits, or what have you, a very tiny percentage of people are obsessed with obtaining the power of legalised theft, regardless of external costs to others.
Meaning, given an opportunity in the presence of money, a tiny percentage of people will devote all the resources they can muster to obtain as much money as they can.
And, since most don’t understand money, the only limitation they face is competition from others who are similarly obsessed with obtaining the power of legalised theft.
Which leaves a pretty good chunk of the population like myself, who do understand money and are not obsessed with obtaining the power of legalised theft.
As a pure guess, I’d wager about 20% of any given population is like me. They understand money, the understand they’re getting screwed, and they just kind of bounce along, doing their best to minimise how screwed they get.
Historically, it makes sense, especially when we’re talking about money. At the end of the day, what else are you going to do? How do you stop powerful people from stealing from you?
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