Decentralized Crypto Instruments

Bitcoin and others are trying to solve two problems. First problem is the decentralized payments settlement storage, your standard payments technology stuff. The secondproblem is monetary theory, monetary policy, how much to issue to,. who to give it to, under what conditions? And the thing that bitcoin and others have done is they've combined those two. They've said, we need a system where we don't trust any one person... Even if you don't want to use it, even if you don’t like it, you probably want this thing to exist and be legal so that there's some cover for the things that you want to be legal too. If we lose the battle over public cash