Price Loses Its Value When Money Loses Its Trust

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Price is not an absolute but a relative denomination dependent on the inference of trust. A very applicable quote to the undesirability of all-too-easily and evenly distributed trust in cryptocurrencies.

From a yet to be released presentation, “The need to reinvent Economics” on Feb 20th, 2015. See also Trust is the currency of success.

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Georges van Hoegaerden
Georges van Hoegaerdenhttps://www.method41.com/georges
Georges is the Founder and Managing Director of method41. From analyzing the workings of policy, capital, and innovation, Georges noticed how these siloed constructs are woefully incompatible with the principles nature deploys to produce regenerative performance. With humanity stuck in a fabric of its own making, Georges set out to reinvent the operating-systems of humanity to fix the theory that determines what humanity can discover, aiming to fundamentally improve human adaptability to nature's entropy.
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