Credit is responsible for almost every facet of modern life. Prior to it, the pie of resources was stagnant––the amount of resources that existed were all that could exist. So if you wanted more, you had to take it from someone else.

Credit allows for an enlargement of the pie. It says, I’ll give you my piece so that you can utilize those resources and then still give me my piece back––doubling the size of that single piece.

This article lacks an understanding of finance and cryptocurrency, as equality was certainly never it’s goal. Decentralization != equality.

Cryptocurrency does have the potential to offer financial services to the billions of unbanked people in the world, however. Allowing them, for instance, a CREDIT LOAN, which they would otherwise not have access to, such that they can start a business and, again, increase that pie of total resources. This could actually go a long way to reducing global inequality.

Wow, this article has almost no merit.