The word capital derives from the Latin caput, often translated as head – like El Capitan – but also denoting a source or a spring.
Last week I took a short sojourn up the Hudson River, a two-day trip by foot from my home in southern Westchester, N.Y., to the Graymoor monastery near the Highlands.
It matters not just for the majority of Salvadorans who lack access to basic financial services, but also for the hard-capped digital currency’s presence on the world stage.
Walking through one of the satellite counties of New York City, you witness some of the most extreme levels of wealth inequality in this country.
I walked by Lyndhurst, Jay Gould’s historic estate, which happened to be closed to the public for the 145th Westminster Kennel Club Dog Show.
Bitcoin, for me, for most in the global north, seems more like a speculative investment than a tool I desperately need.
There could be a role for a disintermediated monetary network to exist side by side, as it will in El Salvador.
It was one of the postal routes that Founding Father Benjamin Franklin, the first postmaster general, designated as a way to transmit mail through the state-run service.
This open road, along with a few detours to be closer to the river or walk past New York’s highway-caged forests, brought me where I needed to be.
When I arrived at Graymoor, beat after about 40 miles of walking, I realized the privately run monastery was mostly closed.
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