14/ As the "story" spread, one can see how it'll unfold through the story of the Bank of England (the very first central bank).
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15/ The Bank of England started as The Governor and Company of the Bank of England, which came about as a public and private partnership where the political might and private merchant interest merged as they realized they had to work together.
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16/ This is detailed in Money: the unauthorized biography and here as well about the origins of the Central Bank, which started as a private enterprise:http://www.intriguing-history.com/bank-of-england-history/ …
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17/ The realization of England was that the merchant class wanted the political power to issue bank notes, trade in bonds, and re-lend against government debt and England needed the merchant's class's economic assets and income.
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18/ We are simply in the first stages of considering currency as the store of value. As
@eiaine mentioned, we have to consider it valuable before we can consider it to be exchangeable.3 replies 7 retweets 64 likesShow this thread -
19/ As greater and greater parts of the population consider crypto as valuable like South Korea (30%) then we will spiral into a self fulfilling prophecy. It becomes the preferred economic value for the community. The government tries to shut it down and cannot.
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20/ And eventually one of these government tips and starts working with these cloud currencies. This will allow political and cloud economic power to fully merge.
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21/ This is simply one scenario in the probability tree and part of the reason that I find crypto in South Korea fascinating. Does anyone else have any thoughts? Love to hear any and all thoughts about the previous tweets.
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22/ In conclusion, due to the Minority Rule and 10% tipping rule. You'll see populations tip toward crypto and this will be irreversible as the political power from the people will not fully allow politicians to fully ban crypto in fear of electability. Thoughts and comments?
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Replying to @zaoyang
People will always be against it in general until there is true and meaningful stability. How will this ever be achieved with a decentralised currency?
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