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Why Does Money Have Purchasing Power?

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First published at 06:01 UTC on November 17th, 2021.

#bitcoin
#cryptocurrency
#money

BackToConstitution

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Inspired by an interview with Vijay Boyapati on Reason where they asked the question; Why does money have purchasing power? There is a need to ask the most fundamental questions, like 'What is money?' We are given answers, but I think we must provide our own answers by pondering the basic questions. Why do we need government? Is government providing protection, as it's supposed to? I think not. Government is a dictatorship and bankers are behind it, hiding, fearing that we will all discover that the bankers have bribed everyone and the only way to stop this corruption is to take money out of their hands. Cryptocurrency achieves that.

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