Question: There is the phenomenon of cryptocurrencies of late. This is not ordinary paper money, but some informational data, which today is increasingly capturing all areas of monetary relations. It can already be used to pay in stores and online.

What is this phenomenon? Previously, money was just gold and silver, which were accepted all over the world. Now, instead of money, some data appears. Why do people come more and more to this type of money?

Answer: Cryptocurrency is more convenient. I do not have to carry a bag of money anywhere, my pocket does not tear from gold coins, they cannot steal my checkbook, and so on. All this is much more reliable.

Of course, along with this, there are inconveniences of how to store it, how to write out checks, how to do something else, and so on, but in general this is progress. It will continue, we cannot do anything with this. I think that no one can interfere with the development of cryptocurrencies.

Question: But here countries are faced with a problem because they cannot regulate cryptocurrencies, since in this case, the money is sort of above the country. This is a kind of distributed value, which is managed from a huge number of devices that are not tied to the country. Why is money rising above state power?

Answer: Because countries as such should have been liquidated long ago, there is no point in their existence. People should be outside the countries and communicate freely with one single currency—a gold coin, or not even a gold, does not matter what it will be. That is how things should be.
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From KabTV’s “Kabbalah in the modern turbulent world” 8/3/23

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The Bitcoin Phenomenon
The World Of Fake Money
Establishing Balance Between Countries

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