Why California’s Anti-Freelancing Law Is Pivotal for Cryptocurrency

California has essentially declared war on freelancing. A new law essentially makes companies essentially have to convert their independent contractors into full-fledged employees, including providing healthcare and other benefits. This basically means that freelancers such as writers and rideshare drivers just became much more expensive and troublesome to employ if they’re from California. Predictably, the layoffs have already begun. While this is a tragic moment for the untold thousands of worker who just lost their income source, it may help grow the usage of cryptocurrencies for payments.

The legacy financial system is a system of control

Make no mistake, the old financial system’s first concern isn’t in helping you make your life easier. Sure, there have been numerous innovations in the industry over the years that have simplified payments and improved user experience, but on a structural level the system has been designed for maximum control. That’s why we…