Status Updates From Das Internet des Geldes: Ei...

We need to live in a world where secrecy is fickle and easily pierced, where power has to face accountability because they are under the spotlight of transparency. We need to flip the system upside down.

Privacy is a human right and secrecy is a privilege of power, and we need to be in a world where we have complete, ultimate, strong privacy for the billions of people. Because that is a human right, because that is a cornerstone of the freedoms of expression, association, political speech, and all of the other freedoms that are very much attached to privacy.

The rest of you have loaned your money to a bank. For the privilege of loaning your money to a bank, you will be paid the amazing interest rate of 0.00001 percent per year. Your bank will take that money, turn around, and loan it to the people standing next to you for 24.99 percent APR.

How many of you have money in a bank? None of you has money in a bank. Do you store physical money in a safe deposit box? If so, maybe then you could say you have money in a bank.

Bitcoin is the internet of money. Currency is only the first application. If you grasp that, you can look beyond the price, you can look beyond the volatility, you can look beyond the fad. At its core, bitcoin is a revolutionary technology that will change the world forever.

If we mess up the money, we’ll just reboot another currency. The invention of bitcoin, the technology that makes it possible, cannot be uninvented. It creates the possibilities for decentralized organization on a scale never before seen on this planet.