Wasn't money digitized long before crypto? And what money you are talking about? That funny sheets of paper that have value set by CB?
When money lost backing with anything, they become a completely controlled tool of elites. If you think that cash in your pocket is yours, you are deeply misguided. At any time that paper could become nothing at will of some retarded state official. Since that time, it does not matter, are money represented as paper or as digits in bank database. In any case they are totally controlled by government. If you believe that it will be a problem for state to control you if you are using cash, than think again. You could begin from tha fact that every single banknote have unique number. Add cameras everywhere and all "your" purchases and earnings could be tracked easily.
IDK, what kind of money could be a decent replacement for modern crap, may be some kind of batteries, f.e. with kWh as unit of value, whatever. In any case it should be something that you could use directly, without any interaction with anybody. Otherwise money will be exploited by elites again. One who will invent such money will be a legend for millenia, as one of those who finally put the end to the parasites power.
That is why I think that crypto is a very important stage of fair money system development. It undoubtly proved that there is absolutely no need in any corporate/state authority for universal money system to exist. It's time to move onto next stage in fair money system development.
The root of problem is not in form of money, but in ability of some entity, in our case it is governments, to control them and their value.
So, the final solution should be in creating money that could not be controlled by anybody at all.
Closest thing that was invented is p2p crypto, it is controlled by distributed network of independent users, but that independent crypto depends on internet and power that is controlled by state and corporations. Also, crypto could not be used by itself, you have to find somebody who will agree to exchange something to your crypto. So, it is not a final solution.
I think that thinking out some unvulnerable form of money, instead of staiting obvious thing that fiat currency controlled by government or any other third-party is a crap will be much more productive and way more interesting.
But we know even simpler solutions from the past can work without much help from tech
Yes, in the past, f.e. a bag of flour was a decent mean of exchange. And most important thing that you could use this "coin" for your own needs without any other third-party, directly. Unless you need some third-party to use your money, it is vulnerable.
Also, bag of flour have another important property - you can't accumulate much and for a long time. You should either use it, either exchange for goods. There was no possibility for extremely wealthy "flour elite" creation.
However, of course, today, bag of flour can't be a widely used mean of exchange. So, we have to think out some modern replacement.
I saw it, but as many other experiments of that kind (Third Reich, Paraguay, etc.), they does not break out to anywhere and were cut down or just fade silently.
It is a sign that something is wrong with concept. If we imagine that some decent type of money was invented, without aforementioned problems, then that money had to uncontrollably spread out of experiment location all over the world ignoring borders, laws and other stuff.
As I said, some kind of such success was observed only with bitcoin. But bitcoin, as any crypto have many other problems, so it is also not what we need.
As for barter - it is not that simple, because current money is basically barter too, but we exchange our goods and efforts not to some useful things, but to sheets of paper or digits in bank computer. It is a barter for some unneeded and controllable fake shit, but disguised with some propaganda from state.
Minimum conditions that have to be met to make the currency successfull, I suppose are following:
No any authority who could control the currency.
Ease of use for exchange
Usefulness of currency itself as some needed thing
Inability to play with value of currency
For now, I can't think out nothing other than some kind of "energy money" where a unit of energy represent a unit of currency. If you have a tiny battery with 1 kWh of energy, then no authority could play with its value, it is easy to use for exchange, it could be used directly by owner, and so on.
I'm shure there should be other things and concepts of that kind, and it is very interesting thing to explore. May be some of concepts even could be perfectly implementable with current level of tech.
Actually the argument is PoW vs PoS, and tokens, BTC being the gold standard of PoW. Where as you didn't actually say anything. You implied some unspoken thought with et cetera marks, and used the word different. For what reason, only would know.
This Feels Redundant to Report On, but These Zealots in the Crypto World Have A Big Problem. They Refuse to Believe Crypto Was Always a Scam to Condition Them With Digitized Money. The Central Bank’s Magical Made up Systems Should Be Proof of That!
Ethereum is straight up WEF SEC controlled trash. It is going Proof of Stake here shortly. Could be minutes, could be days. At which point all the miners will need to shift to new projects.
When Ethereum drops off this list, all the other coins will start to move.
What is the point of Proof of Stake you might ask? Same as current fiat, to get paid for not working. To debase those who perform actual work, and work efforts.
The same about the salt the chef if throwing in the warming water...
Until the frog is bliled alive...
Same with these morons...
They think technology will better their lives, but humans today are working more then they worked during the so called BAD feudalism period... and we have less freedoms, less free time, less autonomy... At least they fought wars for the protection of their lands/farms families...
Pls, prohibit gpl3 bots from replying to my comments. I understand the owners of this site want to give the impression of the site being popular, but pls stop bots. Thnx.
Wasn't money digitized long before crypto? And what money you are talking about? That funny sheets of paper that have value set by CB?
When money lost backing with anything, they become a completely controlled tool of elites. If you think that cash in your pocket is yours, you are deeply misguided. At any time that paper could become nothing at will of some retarded state official. Since that time, it does not matter, are money represented as paper or as digits in bank database. In any case they are totally controlled by government. If you believe that it will be a problem for state to control you if you are using cash, than think again. You could begin from tha fact that every single banknote have unique number. Add cameras everywhere and all "your" purchases and earnings could be tracked easily.
IDK, what kind of money could be a decent replacement for modern crap, may be some kind of batteries, f.e. with kWh as unit of value, whatever. In any case it should be something that you could use directly, without any interaction with anybody. Otherwise money will be exploited by elites again. One who will invent such money will be a legend for millenia, as one of those who finally put the end to the parasites power.
That is why I think that crypto is a very important stage of fair money system development. It undoubtly proved that there is absolutely no need in any corporate/state authority for universal money system to exist. It's time to move onto next stage in fair money system development.
The root of problem is not in form of money, but in ability of some entity, in our case it is governments, to control them and their value.
So, the final solution should be in creating money that could not be controlled by anybody at all.
Closest thing that was invented is p2p crypto, it is controlled by distributed network of independent users, but that independent crypto depends on internet and power that is controlled by state and corporations. Also, crypto could not be used by itself, you have to find somebody who will agree to exchange something to your crypto. So, it is not a final solution.
I think that thinking out some unvulnerable form of money, instead of staiting obvious thing that fiat currency controlled by government or any other third-party is a crap will be much more productive and way more interesting.
Yes, in the past, f.e. a bag of flour was a decent mean of exchange. And most important thing that you could use this "coin" for your own needs without any other third-party, directly. Unless you need some third-party to use your money, it is vulnerable.
Also, bag of flour have another important property - you can't accumulate much and for a long time. You should either use it, either exchange for goods. There was no possibility for extremely wealthy "flour elite" creation.
However, of course, today, bag of flour can't be a widely used mean of exchange. So, we have to think out some modern replacement.
I saw it, but as many other experiments of that kind (Third Reich, Paraguay, etc.), they does not break out to anywhere and were cut down or just fade silently.
It is a sign that something is wrong with concept. If we imagine that some decent type of money was invented, without aforementioned problems, then that money had to uncontrollably spread out of experiment location all over the world ignoring borders, laws and other stuff.
As I said, some kind of such success was observed only with bitcoin. But bitcoin, as any crypto have many other problems, so it is also not what we need.
As for barter - it is not that simple, because current money is basically barter too, but we exchange our goods and efforts not to some useful things, but to sheets of paper or digits in bank computer. It is a barter for some unneeded and controllable fake shit, but disguised with some propaganda from state.
Minimum conditions that have to be met to make the currency successfull, I suppose are following:
For now, I can't think out nothing other than some kind of "energy money" where a unit of energy represent a unit of currency. If you have a tiny battery with 1 kWh of energy, then no authority could play with its value, it is easy to use for exchange, it could be used directly by owner, and so on.
I'm shure there should be other things and concepts of that kind, and it is very interesting thing to explore. May be some of concepts even could be perfectly implementable with current level of tech.
The argument you will get is that BTC is different compared to everything else....
Actually the argument is PoW vs PoS, and tokens, BTC being the gold standard of PoW. Where as you didn't actually say anything. You implied some unspoken thought with et cetera marks, and used the word different. For what reason, only would know.
Honestly though u/pkvi. Do you realize that there is an entire world that does NOT revolve around Donald Trump? Stop it. Get help.
You’re pvki on an alt. Not even sneaky.
This:
👇👇👇
🤔
Ethereum is straight up WEF SEC controlled trash. It is going Proof of Stake here shortly. Could be minutes, could be days. At which point all the miners will need to shift to new projects.
When Ethereum drops off this list, all the other coins will start to move.
What is the point of Proof of Stake you might ask? Same as current fiat, to get paid for not working. To debase those who perform actual work, and work efforts.
It's why they put it off so many times. No miners, no support. They need this CBDC trash to work or they are toast.
https://www.nicehash.com/countdown/eth-forking-2022-09-15-03-38
And there it is. In less than 42 hours, 1.4 million miners are going to need to find a new source of income.
You are a pvki alt.
Spoken like a true piece of shit shill.
The existence of thriving crypto communities and projects makes it HARDER to push cbdcs, not easier.
Those proposals will be rejected by people who see better free market alternatives that preserve privacy.
Cbdcs are a complete distortion of everything crypto stands for.
Slowly boiling the frog...
The frog thinks the water will benefit him.
The same about the salt the chef if throwing in the warming water...
Until the frog is bliled alive...
Same with these morons... They think technology will better their lives, but humans today are working more then they worked during the so called BAD feudalism period... and we have less freedoms, less free time, less autonomy... At least they fought wars for the protection of their lands/farms families...
Pls, prohibit gpl3 bots from replying to my comments. I understand the owners of this site want to give the impression of the site being popular, but pls stop bots. Thnx.