That’s because money is a technology based ONLY on belief… or more accurately shared belief… Money is a ‘social technology’… useful for its intended purpose ONLY when those using it believe it has a persistent capability to perform that function.

And that’s the nexus of the trap we are in. In a scaled society ‘money’ is a necessary technology… it’s a NECESSARY shared ‘belief’ system and is quite literally an essential component of survival on a day-to-day basis.

Survival necessity compelled its use (and still does) even by those who understand the problematic nature of its creation… and the corrupting advantage it gave to those creators.

SO we rely on the ‘devil we know’ in fear of an assumed chaos which we believe will result from abandoning that devil.

In a sense, currency creation has always been privatized… its always been in the control of those holding political power… and this has always been a more narrow group than even ‘democratic’ constituencies would like to believe.

The only possible solution is to address that shared belief system… I don’t think there are sure or easy solutions… but I’m drawn to the idea that a Commons-owned (but not centrally controlled) transaction network… and a broader distribution of political power are both central elements for allowing that shared ‘belief’ system upon which we all depend to evolve. People will, for sound survival reasons, CLING to this existing faith… so best is to transition that belief to THEMSELVES and their own network rather than try to eliminate it altogether.

Its really way past time to move forward with practical implementation.