Saturday, March 28, 2020

With Crypto, you Own the Bank

But that might not help that much.

The banks have money (that is what they are for) but they don't have anything else.

"But money is so handy," You may reply. "You can easily exchange it for anything else!"

Not everything else, perhaps, but damn near everything else.

What's the deal with this Crypto stuff? Isn't it nothing but Code? Yes, but the right kind of Code.

Code has the advantage of being easily checked. If you put the right kind of Code, in the right kind of Machine, you get useful results, worth money. This what makes computer companies so rich!

The right kind of Code.

No comments:

Post a Comment