The Truth About Cryptocurrencies: A Clearheaded Guide to the Crypto World
(www.expensivity.com)
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Every man woman and child could write numbers on slips of paper. That doesn't mean these slips of paper will instantly have the same value as dollars in cash, or any value at all, unless of course people are willing to use those instead of dollars.
But why should they? If I write numbers on slips of paper would you give me dollars (cash) and gold in exchange for those papers? if not why?
The solution is a basic value with added value due to certain factors of differentiation and specialization relating to field of profession, value assigned by customers, reputation, etc.
See for a partial example: https://citizensisland.com/
However, the problem is always: any coin used to purchase goods and services, also means those coins will come back to roost and requires units of production from the one having issued these.
And since all coins are pubic ledger, it is easy to track value of exchange.
With this in mind: every coin and every transaction in your own coin, requires the awareness of the production value you need to be ready to provide.
By making better purchase decisions, you can safe on your coins, and thus on the time you need to spent on providing the exchange value.
Someone who would safe your coins takes a gamble in both directions. You may either die young, and thus, leave those with the coin with zero value coin, or a lower or higher value depending on your circumstances. It also means that older people still have potential to make visible their value.
It would be nice to see a move from economical value of time to economical value of assets based coins. This way those holding coins of a deceased mat recuperate some of the value based on the value of the assets left behind by the deceased.
It makes solving bankruptcies a totally different ballgame.
Since everybody has skin in the game prudence is a value taught earlier than after 20 collapses. It also prevents centralization of economical power.
It could be argued that prospective parent should have at least a modicum of assets to support the value of the coin of their child.
It would also end the interest scam-system, as on your own time, there is no interest. You cannot inflate it just by multiplication on a whim. And value differences are always guided by a bell-curve over time, differentiation and specialization.
As you can see, I am not in favor of a all out fiat system, either centralized or decentralized. I' d rather see a very limited elasticity production/ assets based system.
Sounds like the German Reichmark, which did work just as intended until the Churchill and his (((advisors))) got butt hurt and provoked one of the most pointless wars in history.
You're right, that would be a great monetary system. But unfortunately we live in a clown world, where we can't have such nice things.
There are ways to not only escape clown-world, but to end it.
I'm all ears, let's HONK the honkers.