Topic: 2022-2023 Are Crisis don't ask or wait just do it print your own money (Read 116 times)

Making your own currency in the real world is prohibited but this is more possible in the online world or here in cryptos because we are decentralized here. Many people already think of it. They create their own coin in hopes of making a profit but most of this coins are still not being used by the majority.

What people need here in crypto are coins with real utility and not just the coin can be used as a currency because we already have that starting from the main coin Bitcoin. There are still other ways to print money here in crypto. We can do investing and trading. We can also apply for in-demand blockchain/crypto jobs. Sky is only the limit on here.

Are there legal loopholes which could allow a person to devise an independent system of units of exchange?

I know there was a case years back where a man in hawaii minted his own gold and silver coins. He's currently in prison, as far as I know. He didn't try to use loopholes or be clever about it. He simply melted bars of gold and silver into his own form of money (coins), and used it within his own local economic system to buy and sell things.

Tokens of barter and trade might be legal. It might be possible to develop a system using that as a foundation. Although, I don't know if there are many with the will or resources to tackle that type of challenge.

We've got that bunch of it and that idea is only for those that really have the ambition to make their own coin or stable coin.

I agree about that no one's going to feed you and that's why we're all hustlin' and doing everything just to survive and provide food for our families.

As another meaning of what you've said also applies to startups, solving existing problems by providing modern or the old fashioned way of solutions.

funny part is

in summary.
doomad started off pretending about common agreed value is good and iou's are bad. where value created in a small individual/partner setting wont work

but fell into his own trap that his favoured system(non consensus non blockchain network) he loves so much is the IOU private system of value between 2 parties system he initially called out as a bad idea, which can badly settle with no guarantee of the conversion swap to equal what is deserved.

because without the common involvement of the masses to ensure value security.. that value between the 2 parties is not secure, trusted nor able to settle with a guarantee of proper swaps.
(there are many ways to create unfunded units, steal, de-value, de-peg his favoured network units/value on his favoured network)

but hey. it will take him years to realise his faulty network he loves has the flaws he initially called out on in this topic. but instead of learning, he just wants to whinge and cry that someone is pointing out the flaws of his favoured network of private partnership agreements of IOU unsettled value that the wider network does not see or associate or agree or account or verify

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now thats been said. back to the topic creators idea
an individual creating a "baker coin" has no value. it becomes a hardship to try to get acceptance. and the baker needs acceptance for it to gain value and utility beyond his own friends group

The only thing you bring harm to is the tattered shreds of your reputation.  The reason you get abuse is because most people are starting to realise you're a raving fruit-loop, spouting abject nonsense and derailing topics left, right and centre (hint: no one else in this thread is talking about the thing you are talking about, you manic-obsessive headcase).  If that's all you want to be in life, then keep saying as much as you like.  Make sure everyone knows what a sad joke you are.

Also, everything has more value than the fascist version of Bitcoin which still only exists in your fevered imagination.  You will never get what you want because:

a) building a network involves cooperation and you don't play well with others,
b) you are the only one who wants a totalitarian version of Bitcoin and most people don't agree with your freedom-hating, developer-enslaving idiocy,
c) even if someone else did want what you want (and they don't), you'd soon alienate them into hating you because you are an insufferable cunt  (see point 'a' and repeat as necessary)

This is not making much reasonable to me. Are you comparing cryptocurrency and fiat together, like people can go everywhere making their own fiat and using it as a family money creating their own value for it or they make it for the public and whole country to use it and another individual having his currency and we have 8 billion fiat currency in the world? You see that not making any reason. To cryptocurrency that some made they are crap and shit that not worthy staying on exchange.

Bro, I don't know what you are getting on about but one thing I do know is if crypto gives you the opportunity to print your own money then there is no difference between crypto and fiat, it is the same reason why people complain about fiat and want crypto as an alternative. so I would suggest you stop talking about irrelevant stuff that doesn't make so much sense.

If that's what everyone is going for then we're doomed  A lot of cryptocurrencies are created for this very reason, although not every one of them carries value like bitcoin. If we all created our own currency believing that each of it has value, then we're going nowhere and just created a heaping pile of shit that is worth nothing. Why would I use your currency if I have mine and people wants it anyway?

People will just be more creative and desperate to survive. We're definitely not in the easy days but we still haven't reached the point wherein we need to do crazy shit like this in order to survive.

value explain, quick

ethereum has a actual underlying "work" cost of hardware and electric far below $40 a coin but speculates at $1.2k

NFT art is doodled in 6 minutes (minwage of $10= $1 cost) but speculates at a premium of $stupid high amount

ethereum has a actual underlying "work" cost of hardware and electric of above $10k and below $15k where the market above this speculates at $15.5-$18k this last few months

meaning bitcoin has good value and others have bad value

you cant just create value by having a price. value is a separate measure from the market rate

In my opinion, you are both right and wrong at the same time. 

You are absolutely right that in 2022-2023 it will be possible to create private money.  You can mine Monero, you can create NFTs or tokens.  But you are wrong if you think it is easy to create private money.  In the next bull cycle, only some cryptocurrencies will have value. 

Many crypto assets will lose all their value by the beginning of 2024.

You can't just create a stablecoin out of thin air and expect it to stay at $1. Look up Law of Supply and Demand — it's one of the most basic laws concerning economics/markets.

everyone having their own coin. ends up with nothing.

EG a baker making cakes is not selling "baker coin" to another person. they are selling CAKE

so why would a baker accept a mcdonald burger chefs "meat flipper coin"
when that mcdonalds employees labour is to sell burgers not coin

i get the underlying idea. mcdonalds business trades "meat flipper coin" for "mcdonalds coins" which it got from a customer buying a burger

but the whole arbitrage from a baker trading its baker coin for mcdonalds coin for burger flipper coin. just ends up getting too miss-mashy in an accounting system

where reality is the real world X cakes afforded the baker y burgers

And why would I accept or pay anything for your money you created out of nothing?


FED doesn't have only the permission,  but the authority and the and the credibility.  People all over the world believe the USD is a safe and reliable currency.

Shitcoins,  altcoins, fiat from poor countries etc doesn't have that.

And actually,  bitcoin is something that was supposed to be the opposite of what you suggested. Bitcoin is scarce and it's technology should be an alternative to money created out of nowhere (what you suggested)

yea
such as actual bitcoin sats that have a underlying mining process of actual cost impact on the coin generation...

not some subnetwork payment unit that is just losely and unenforced pegged to a supposed bitcoin value and easily breakable from its supposed bitcoin value. where the unit is a IOU with a proposed 2week-12 month deemed IOU agreement delay before it would settle.

especially when this subnetwork payment token can easily just fractional reserve up accounts of payment units with no pegged and confirmed funding utxo

.. oops i said to much. now im going to get a tirade of abuse about how im harming doomads favoured subnetwork he thinks has value but ignores the risks and flaws of his broken subnetwork of payment units bitcoin does not understand

Finally, in the last days and weeks of 2022, and people are getting ready to start a new year, you are quite right about people are looking for someone to put food in their mouths.
I see many people who say they hope to see a better situation in 2023 but we should pay attention to that even if we had the worst trouble we still can have a plan and price the money as you said.
It's about being independent and responsible for your life and doesn't matter if we are in 2023 or 2022.

There's a little more to it than that.  First, people have to acknowledge and agree that a currency has value before you can spend it.  Problem is, too many people have made too many worthless tokens and people are starting to question if any of them have any value.  Encouraging people to make even more of them is only going to make the situation worse. 

Focus on coins that have a genuine purpose and use.  Preferably one which already has merchant adoption, instead of trying to convince total strangers to accept some IOUs you just produced from thin air.

Nobody dont come and put food in ur mouth 2022-2023
Dont ask or wait rich elite people don't care about you.
You need to print your own money.
Crypto gives everyday the opportunity to do what the FED does who gave them permission ? U see they just teamed up like team that's why they do it.
You can build your own team Also and you can print stable coins you can use your own USDT you can use various blockchains for that.
Print your own money and live how you want 👍

2022-2023 we gona see everybody will use their own currency but off course Stable currency.