Good article. Many interesting points made. Ironic that Bitcoin and other crypto currencies are built on the premise of "trustless" blockchain ledgers. Is the real answer "trust no one"? One has to wonder. The only thing that seems predictable in life is that every entity (person or corporation) will act in it's own perceived "best interest". Those "best interestes" aren't always financially based and many "human factors" -ie friendship, love and lust - are involved in the equation.
RE: Trust = Consistency/Time
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Trust = Consistency/Time
Certainly a complex topic to cover. As I like to remind myself, anything and everything built by man will have its flaws. Yet, what is clear is that better solutions exist for global economics, value transfer, and store of wealth. These solutions will revolve entirely around trust, just as they always have before.
The name of the game is shoring up our economies because it's the most pragmatic way to affect change in human quality of life. All this at a time where the current system is fracturing. Thanks for your comment @nateinsav.
"When a man's got money in his pocket he begins to appreciate peace."
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The problem with the current "system" is that it seems to be designed to keep a man from having "money in his pocket"... By proxy very little contentment or peace - internal or external.
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Exactly right. Rather than having money in their pockets (or the ability to generate capital), they have debt. And this proxy is manifesting itself in a wide variety of social, political, spiritual, mental et. all issues. And the media just deflects and directs all of this misguided energy towards Trump rather than having more productive discussions on the source of the issues.
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