Cardano will allow us to be bankless

The narrative of crypto can be summarized by the following statement: Unbank the banked and bank the unbanked. Well, let’s have a realistic look at the topic.

Power goes hand in hand with controlling money

Historically, governments have the biggest power in their countries. Countries usually have central banks and a lot of commercial banks. Central banks are responsible for monetary policy while commercial banks serve people and businesses. Governments and banks should be to some extent independent. There are always people in leadership positions of institutions and they naturally strive to have power. Within the last few decades, new influential players slowly appeared. Due to the internet and many technological advancements, big IT companies have become very strong international entities. Companies like Google, Facebook, Twitter, Amazon, Alibaba, and many others are international and have more information about people than governments have. How did it happen? Well, the fact that the internet is a global network allowed locally successful companies to become global players quite fast. While the decision power of governments is mostly limited to their countries, big IT companies have begun to control literally the whole world. As you could probably hear, information is the gold of the new era. These companies know well how…