On 1776 and Tokenization
Rather than a generic ‘Happy 4th’ post, I wanted to share what came up today while sitting with my boys discussing the Declaration of Independence and what was really happening in 1776. By then, Kings had gone from declaring themselves gods, to claiming only to be “ordained by God,” to just “the sovereign, so pay your taxes and don’t ask questions.”
Then this idea -- that all men are created equal -- informed a push back against distant, centralized control. Against inherited titles and royal bloodlines. They fought for independence and tried to build a better system where sovereignty rests with the individual, not the throne.
It worked...for a time. But centralized power re-emerged through central banks and fiat currency. After the early attempts via the Banks of the United States, the Fed was born in 1913. People still got to vote and feel free, but the power to create money once again sat with a small group. Control simply migrated to a new chokepoint.
We …