Azeem Azhar's Exponential View cover image

Technology and Redistribution of Power (with Yanis Varoufakis)

Azeem Azhar's Exponential View

CHAPTER

Block Chain - The Only Way to Democratize Money

The total supply of money in the system would be utterly known by everyone. Everyone and each contributor to this system would have complete anonymity when it comes to their transactions. That would be a magnificent combination of what block chain has to offer a community with state money, which is the only way of properly democratizing money. But private block chain based currences like bit coin simply feed into a private oligarchy that use and abuse the system against the inter of the many.

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