Topic: [2018-03-30] Op-Ed: Without Crypto, Your Money Doesn’t Exist (Read 140 times)
Fiat is no better or worse than other types of money. The trouble is that Fiat is fully controlled by the government and the bankers. Every year we see an increase in the money supply. All governments use inflation to hide their inability to manage the economy. In the end, we pay for everything. The pension Fund is a banal pyramid at the government level. Only bitcoin can help bring justice back to the distribution of material resources.
Op-Ed: Without Crypto, Your Money Doesn’t Exist
If you’re like most people and you one day plan to retire, then you’ll need to think about saving and investing to replace the earnings that you’ll no longer get from employment. It is natural for humans to look to the future to work out what action they need to take today to ensure a better future, but too often a lack of information about the world around us distorts these calls to action. And while we may sometimes be ignorant of economic reality, economic reality doesn’t ignore us when things go belly-up.
Healthy economies should be based on sound money for fairness and long-term viability. Sound money is the idea that the integrity of your money’s value is maintained over time — that any attempt to deface or counterfeit money should be easy to detect, and that no person or group will have the ability to produce more legal tender for their own use. Today’s fiat monetary system doesn’t meet the requirements of sound money, and leads to decreased economic stability, and at worst, collapse.
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