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55 - Welcome To Bankless | 2021 Edition

Bankless

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Decentralized Finance: The Future of Money

This chapter explores the critical role of cryptography and economics in establishing a self-sovereign money system, reducing reliance on traditional banks. It highlights the influence of central banks like the Federal Reserve on wealth distribution and monetary policy, emphasizing the challenges posed by inequality and political control. Advocating for a decentralized approach, the discussion introduces financial protocols that promote equal access to resources and diminish the inefficiencies of the current banking system.

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