Topic: Economic crash money supply is not under ur control choose new money (Read 128 times)

Wouldn't that defeat the purpose of cryptocurrencies in which you are going to be utilizing decentralized applications instead of being centralized? That would be the form of the new generation which wouldn't have complete control over anything. There are pros and cons between centralization and decentralized but that's just the reality and that should be the fact in which you are going to choose one.

Maybe it's best that you would go to get both in such a way you could protect yourself from both risks.

Very interesting, well, guess what we should know is how to get income through this economic crisis. What we must understand is that the money supply is not something that is under our control. At least it's not directly under your control even if you are the president of the government. And that's why bitcoin was created. The economy can be big but when there is less demand, this means a recession, and when there is a recession, the money supply decreases which means that fiat loses value.

If we have a straight forward view, the world will slowly but surely shift to a new monetary system that does not depend on this important weakness in human nature.

what you said is not a solution,, because not all merchants support and are willing to accept crypto as a means of payment, especially if we make doge as payment and make it worth 1 USD for example it is not right because not all tokens can be used as stablecoins

Of course, money supply is not under your control even if it's fiat or crypto-currencies. But banks try to control money supply when it's needed, but crypto-currencies can't. That's why the banking system is still strong and people trust it the most. And it has government backing other than our crypto-currencies. What we need is to update the banking sector into the crypto world with government support.

See the regulations where you live, and how cryptocurrencies are positioned. It does not necessarily impose its own regulations, because it will have an impact on illegal actions. Trigger a debate between your side and the government. Suppose you insist on using crypto to convert fiat there is only a handful of support, while crypto in your country as a means of investment (no more than that). Will it be questioned and demand some accountability?

You disconnect from exchanges then there's going to be no easy way to exchange your token, hence there will be less demand. Taking out all liquidity, you pretty much kill your coin.

Well just we deconnect it from exchangers and no global prices thts not work?

Because that's not how the market works? If we could just peg 1:1 just because we want to then it would've been done already. But there's a reason why a lot of algorithmic stablecoins failed; because it's simply not market-viable. If this was possible then there wouldn't be any failed currencies.

Why we cant ?we just set 1:1 thts it but offcourse we abond the old currenxy after we set 1:1

Any sane person knows we can't just peg any asset to any set price just because we want to without any "real" backing. Some people learn this later than others, but don't tell me you still haven't learned this lesson from the Terra/Luna/UST deathspiral; or literally any dead stablecoin.

https://cryptosec.info/failed-stablecoins/

As crash loooms but fiat currency supply is not in ur hands.
There is shortage of fiat
Solution is only one:
Choose doge, xrp or trx do yourself reset abond currency what you are depend from those who dont give you.
There is no need to for suffering just go your local agriculture people start use crypto on stores and everybidy exchange crypto for payment of goods and service
Set the the ratio one doge= 1$ then abond dollars and right to way use crypto.
Then go to property owners tell them new system give them extra coins.

If u dont do it then you suffering becouse those bankers control the money they decide who when and why will get it if you not with them well nobody dont care.

And if swich on to crypto as i said then those fed ecb and imf-s can play with each others they will be not nedded becouse all the productive and ecvhanging economy will be working all ready with crypto
And no matter wich crypto btc or eth all we should set price before abond the usd and other fiat to 1:1 with dollar.

And thats the best plan you will ever see here
If u dont act then good luck to you to be fiat currency controlers mercy

Also can set one doge= 2$ but dont go over 2,5$ becouse of inflation/deflation.
Also we should have crypto central bank who will set the fiat currency like usd ratio with crypto before the fiat will be abonded if everybody start set ratios locally then it might not work not so well.