On Friday, May 25th, 2018 Team McAfee published the Declaration of Currency Independence which is a pledge of solidarity to what many would say are the core principles of the cryptocurrency movement. Although I do not speak for the authors, I was given an advanced copy prior to the mass distribution and have direct contact with some of those inside Team McAfee and can speak to the document’s authenticity and altruistic intentions. Under the leadership of the famous cryptocurrency evangelist John McAfee, Team McAfee is requesting readership of and signatories to this declaration. The promise of cryptocurrency is essentially the freedom to transact online without government intervention. Most governments form not to oppress, but simply to organize, to manage and to do good for others through unity. But when an organization forms it has a purpose, a problem or many problems that it tries to solve. Eventually, those problems are solved or at least under control and then the organization’s purpose tends to shift. At that point, most organizations change from trying to solve a problem, to simply trying to remain relevant, to survive, and often to grow.[1][2][3]
When governments start to grow political debates arise over the parallel “expansion of powers” that ensue. One side will argue the government needs more authority in order to solve more problems while the other side will argue the government needs less authority and more power is just the byproduct of its search for relevance, sustainment, and growth.
The Declaration of Currency Independence makes the bold point that when governments of the world shifted from commodity backed currency which sets natural limits on currency powers to fiat based currency which is limited only by decisions,
