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RE: People don't understand money. We really should. We really should try to explain it super simply.

in #money8 years ago

Thinking about this ... I'd like to add ...

As things stand in our society/economy money depends on trust ... but really it is energy, or at least a symbol of it. We generate it with our energy and agree to recognise and value that energy in the money-symbol.
Where the symbol is privately-owned and lent as debt+interest it is a theft of energy and an abuse of trust.

Steem is not debt - we create it directly with our energy, no middle-man, and interestingly, no trust required. Just the blockchain.
Awesome. Game-changing.

Anyway, great post which has generated an interesting conversation.