Crypto Needs to Engage With the World
It is no understatement that currently our global financial system is structurally unsound and unsustainable. This is primarily the result of how we approach money and banking: The highly centralized bank-debt structure of money, the way money is inevitably issued and distributed and the astonishing gap between financial and ecological flows raise significant questions about the status quo. Yet, what tangible alternatives are there to reinvent this system?
Over a decade on from its inception, cryptocurrency is still the most promising tool available to reboot the financial system. Bitcoin and the wider cryptocurrency space has revitalized political economics, spurred us to rethink the organization of people, institutions and the social contracts that enable markets to exist.