“Suddenly the light came on.” That’s how economist, Dawie Roodt, explains his Pennydrop moment and how he first knew that cryptocurrencies were the way forward. Beyond the individual benefits they offer, Dawie wanted to understand crypto at a grander scale.
“Why is it that we have so much trust in a central bank to create money? Why can’t we privatise money the way it used to be?”
Dawie’s perspective is to let the private sector decide how money should be created. This would mean individuals instead of a select few.
With the current blockchain technology powering cryptocurrencies, that is now possible: A decentralised system with no central control, much like the internet, where individuals can have equal access.