Cryptocurrency Philosophy: Solving the 'Money Problem'
14th of January, 2022
The ongoing discussion over money's flaws has continued for hundreds of years, as countless philosophers, scholars, economists, and academics have remarked.
Defining the phrase, as well as its applications, has proven difficult.
What has been agreed upon is that this system is intrinsically faulty as a means of exchange.
Bitcoin was founded in response to the 'Great Recession,' a global financial meltdown caused by banking industry greed.
Since then, Ethereum and other alternative cryptocurrency have evolved, helping in the emergence of the new financial system and economy.
Crypto is seeking to give a solution by removing the state from the equation, which has been considered to be the source of inequality, economic volatility, and political instability.