Public Money: Avoiding Its Privatization

[mirelo]

Unless money gets decentralized and stays fungible, the authority on public money steals an increasing part of its value by controlling its representation. This article introduces the reasons for that: it explains the advent of governments along with their central banks, then why only the decentralization and fungibility of money can consistently preserve the ownership of monetary value.

https://medium.com/money-versus-metamoney/8e7b9fbefd94