Morpheus on Nostr: More elaboration on paypal and BTC: paypal is a financial protocol in which the user ...
More elaboration on paypal and BTC: paypal is a financial protocol in which the user can use its platform to transact but is not involved in with its ownership. To use paypal is merely to give your fiat to an intermediary that benefits from its established tech structure.
The common individual never had its own sovereign communication system for vast distances until recently.
Empires and private banking cartels like the Medici family used their infrastructure to reap great fortunes from this communication system. Those who used its services never got to be involved in its ownership, only to be a customer.
Now that long-distance communication has been solved through digitization, I am so thankful that a system came into fruition to bring this gate-kept system to the masses. BTC is a real system for the people without intermediaries. A system that someone can own and participate in.
You can now be owner of an inca road, a western union, a paypal for the sovereign individual for the first time in human history.
The common individual never had its own sovereign communication system for vast distances until recently.
Empires and private banking cartels like the Medici family used their infrastructure to reap great fortunes from this communication system. Those who used its services never got to be involved in its ownership, only to be a customer.
Now that long-distance communication has been solved through digitization, I am so thankful that a system came into fruition to bring this gate-kept system to the masses. BTC is a real system for the people without intermediaries. A system that someone can own and participate in.
You can now be owner of an inca road, a western union, a paypal for the sovereign individual for the first time in human history.