Stephen Drew

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You can’t bring a lot of physical cash or gold through an airport and across borders. Banks can block wire transfers into and out of their country or even within the country. But if you have bitcoin, you can bring an unlimited amount of value globally, on your phone, on a USB stick, or stored in a password-protected file in a cloud drive that you can access from many different countries — or simply by memorizing a twelve-word seed phrase (which is an indirect way of memorizing a private key). It’s challenging for governments to prevent that without extremely draconian surveillance and control, ...more
Stephen Drew
Globalize currency
Broken Money: Why Our Financial System is Failing Us and How We Can Make it Better
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