Benjamin Franklin, Revolution & the Real Meaning of Cryptocurrency

"Look at Bitcoin and ICO’s. The younger generation is chafing at its inability to get funding for what it wants to do. This isn’t just true in the USA: it’s true all over the world- in Africa-in China and in Russia. An ICO is little different than a paper note that Ben Franklin printed for use as colonial money. Cryptocurrency mining is analogous to a printing press for money. The parallel does have differences. In the case of ICOs, it’s more like a stock; it’s not a bond created by a state or government. Creation of money through investor valuations and stock offerings in companies that create value is one of the oldest forms of money creation.

This form of money creation is very ancient. It goes back to the ancient Assyrians. There are tablets that record the discussion of what value an investor would assign to an enterprise. Today, we do these valuations in venture capital rounds. Modern day VCs & CEOs would recognize perfectly what that ancient Assyrian investor was going through in his valuation exercise."

Read more at:
https://intpolicydigest.org/2018/01/10/benjamin-franklin-revolution-the-real-meaning-of-cryptocurrency/