Nick Szabo  🔑

This article is GOLD for understanding how the modern financial world works and powerfully affects each of us based on how far away we are from the income stream of the central financial entities. https://twitter.com/NickSzabo4/status/1031232173561368576 …

Perverse is a very apt way to put it. The speed at which the top % earners have increased their income really took off after ‘08. Not only are we heading towards technological feudalism where capital earners far outpace rest, central banks bake it in through monetary asymmetry.

Daniel, I don’t disagree with your point but technological feudalism is a new one for me - can you further define what you mean?

Central finance and ever more technocratic governments require decentralization of money and ultimately identity for the average human to not become simply an invisible vassal of the systems they live in.

Thanks - it’s an interesting observation. I’m not sure I understand the point you make in the last tweet — how do governments require decentralization? The individual benefits I get.

No, WE humans require decentralization to protect ourselves from the ever-more centralized government systems. What IS, who vouches for what IS, and how we record what HAS happened is at stake. Decentralizing personal ID, Money, & Contracts is what the future of freedom requires.