Choices in the Sea of Transacting

  • Part 1 establishes that there are two types of systems: absolute systems and human systems. These systems are characterized by an individual’s ability to influence them. It considers factors that determine freedom of choice and how these factors point to real freedom experienced within the system.
  • Part 2 looks at the role trust plays in human systems generally, and in economic systems specifically. It discusses why trust is essential in human systems and how individuals experience trust in relation to a system’s component parts. Within the context of economic and financial systems, it considers trust and freedom of choice in terms of exchanging value, or transacting.
  • Part 3 concludes the piece by showing how and why bitcoin and other cryptocurrencies emerged as a viable new option to fiat for transacting globally. Drawing on themes discussed in parts 1 and 2, such as freedom of choice and human system evolution, it illustrates why the cryptocurrency era is a good thing.

PART 1 : Absolute & Human Systems

This Is Water

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PART 2 : Trust in Human Systems

Just as the relationship between freedom of choice and ability to choose is core to understanding individual freedom within a system, so too is understanding where trust lies. Trust is a necessary mechanism in human systems that allows for the system to run smoothly. It is found in every system, although individuals may not always be cognizant of where they place their trust. In some respects, this is helpful because it allows the individual to operate more effectively within the system. Where it becomes damaging, though, is when trust lines get blurred and fade at the expense of a system’s integrity.

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PART 3 : The Bitcoin Alternative

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Conclusion

If there’s only one thing that you take away from this piece, it’s that, for the first time in the history of the global economy, a viable, trusted alternative option to fiat is available for individuals around the world to transact with one another. And this is a good thing.

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