“Why is it that we have so much trust in a central bank to create money? Why can’t we privatise money the way it used to be?”
Leading economist Dawie Roodt’s perspective is that the private sector should decide how money should be created. This would give power to the individual, rather than a select few. Thanks to the blockchain technology underpinning cryptocurrencies, that is now possible: A decentralised system with no central control, much like the internet, where individuals can have equal access.
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