LISTEN KID, THE STORY OF BANKS

Before bitcoin people used this ancient technology called deposit banks; where merchants deposited their money and get ious to trade safely.

But with time bankers realized they could print IOUs without having enought money to back it since only a small percentage of the IOUs were redeemed.

This worthless currency was the best bussines ever invented so governments took the monopoly of this worthless currency and call it legal tender; forcing everyone to use it.

This debt based monetary system caused boom and bust cycles so a fraudulent economist called Keynes’s said it was the animal spirt part of humans fault.

This was until the greatest economist of all times Frederick Hayek told the truth about money and the artificial boom and bust cycle created by central banks and interest rates manipulation.

Until the 2008 financial crisis artificially created by the banks inspired Satoshi to create the perfect money based on Hayek’s teachings.

Thanks to them and a group of shadow super coders called cypherpunks we don’t need this ancient technology called banks anymore.

Now you can be free thanks to them! The founding fathers of modern times. We owe them everything we have. So never forget were do we come from.