[amorphous]

However, the digital currency will still be limited on the ledger to being backed by treasury securities. Those are the only governmental financial instruments that give away the future labor of the citizens.

I feel like our current financial system is the biggest Ponzi scheme in all of human history. Think social security, fractional banking, quantitative easing, CB purchased securities, synthetic CDOs (weapons of mass financial destruction - Buffet) and etc.

I think Buffet got it right. In roughly the last 100 years, TPTB have laughed in the face of thousands of years of human monetary experience, putting at risk the well being of the entire world's population because of their greed for exponential growth of money.

[politicket]

putting at risk the well being of the entire world's population because of their greed for exponential growth of money.

...putting at risk the well being of the entire world's population because of their greed for the exponential growth of the "control of the future labor of others" (which is what money is backed by).