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The first obvious thing is that the flow of money and information is: 1) global; and 2) near instantaneous. Those flows have been speeding up for a long time but have now reached the limit of instantaneous. You just can't get any faster than that.
Money has ceased to be a tangible thing. It is just more information to be transferred. Seldom does tangible money change hands any more – just information about who it would belong to if it existed. So, even when we talk about the transfer of money, we are just talking about the transfer of information. We can talk about information and consider money a subset.
The people, institutions and businesses that control information and the flow of it hold tremendous power that trumps military might and wealth. That shifts the power centers of the world from those who have, to those who know. They may be one and the same, but that is far from a forgone conclusion at this point.
From "Money is Intangible in the Information Age", Sense & Nonsense, November 21, 2010
Bitcoin and all currencies, including the US dollar, are just digital entries in a digital ledger. So, what is the difference? The difference is that Bitcoin does its own accounting automatically and instantly without any human input other than the transaction itself.
Non-profit Corporations are usually called "Public Charities" or just "Charity" in the popular media. This is misleading because most people think of "Charity" as something quite different from a Tax-Exempt corporate business structure that may or may not be charitable in the traditional meaning of the word.
If you want to stay sane in an insane world, think "Tax Exempt" when you see "Non-Profit". Charity has nothing to do with it.
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