Very serious Question the New money system

Silberman

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Quote from: CryptoLogo on January 09, 2021, 11:29:24 AM

It is obvious. All states are tied to financial systems. None of them can afford the collapse of the banking system because complete chaos will begin.
But it's not just a matter of desire. When banks collapse, this process can be called a natural disaster. As practice shows, even financial support from the state does not always help banks get out of this.

That is the worst kind of crisis and unfortunately I think that is where we are headed, in 2008 we had a massive crisis and governments rescued banks despite how unpopular it was as the whole economy was at risk, but the system was never reformed and banks can still make incredibly risky bets for the sake of profits and the next time they get in trouble the governments are not going to have enough money to save them, and if they try to print it the inflation will be so massive that the backlash they will receive from their population will be massive, fortunately for us we will be holding bitcoin and we will be protected from those effects.

Argoo

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Quote from: ChrisPop on January 04, 2021, 02:53:49 PM

The world hasn't gone through many changes of the monetary system. I mean from bartering we went directly to precious metal coins and then went off the Gold Standard (big mistake IMO). That's when the decline has begun. We're in a totally different era now then we were even 30 years ago. Technology is booming everywhere you look. I don't know how the governments and Central Banks will handle the transition but it's going to be either a lightning-fast transition that will shock the whole world or the more likely scenario they will adopt/accumulate Bitcoin and then make it mainstream.

Even if they do make a digital currency, that's still no solution for inflation.

I do not think there will be any serious changes in the monetary system of states. Only one thing is clear: states will never switch to the use of a decentralized cryptocurrency. For now, they will actively issue central bank national stablecoins, as China does. In fact, these are the same national currencies, only in digital form. Depending on how they take root and how actively they will be used by the population, the states will decide what to do next.

CryptoLogo

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Quote from: dimonstration on January 04, 2021, 05:20:04 PM

Quote from: CryptoLogo on January 04, 2021, 03:56:30 PM

It seems to me that we hear the words that the system has come to an end from year to year, but the system continues to work and crush everything around.
Banks are the main monetary system on the planet, and before they crash, they will create something to keep them in the game.

Not all Governments can let their bank or system to crash unless there is no more support can get from other countries or their system can't no longer provide the needs of their people. They will surely try to find more ways to use what they traditionally do to make their system work. Only new governments or countries who already lose the value of the monetary is open to the idea of new money system since they need options to wake up their economy like in Venezuela, if crypto will be accepted throughly in more countries that's the only time new system can truely exist in many countries as long as their government is open in the idea and access of crypto and there is unity between all countries that approves it.

It is obvious. All states are tied to financial systems. None of them can afford the collapse of the banking system because complete chaos will begin.
But it's not just a matter of desire. When banks collapse, this process can be called a natural disaster. As practice shows, even financial support from the state does not always help banks get out of this.

suzanne5223

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Quote from: cryptoboss2020 on January 04, 2021, 07:39:34 AM

The Old money system is done people who are informed and educated can confirm that.
There is no way to go back to normal until the Old debt Fiat system remaining with us.

This is the number one reason why the institutions switch to cryptocurrency (BTC) now and I hope they remain loyal to the system not to only take advantage of it.

Quote from: cryptoboss2020 on January 04, 2021, 07:39:34 AM

But my question is:
Are the World rulers just keep the old fiat system on and economy down to prevent fatal collapse. Until they Come Up with new system
They have Solution? The solution new money system wich system they will use it?
Isit bitcoin? Ethereum? Or defi? Or usdt or usdc Pax? Or they own cbdc Central bank digital currency

BTC, ETH etc will be accepted as CBDC by the government but before now (when the world was not hit by the pandemic which led to the famine in some country) the International Monetary Fund group have come up with a solution and have advised the world rulers to integrated National Digital Currency/Central Bank Digital Currency but they choose not to listen maybe because they were able to indirectly steal the country money through printing of new fiat currency.
Below is part of the IMF statement

Quote

Even cryptocurrencies such as Bitcoin, Ethereum, and Ripple are vying for a spot in the cashless world, constantly reinventing themselves in the hope of offering more stable value, and quicker, cheaper settlement.

A case for Central Bank Digital Currenciesthe

enhu

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Quote from: Silberman on January 08, 2021, 01:13:14 PM

Quote from: pixie85 on January 06, 2021, 06:40:48 PM

The governments don't want to give us a new system. They want to keep the old one going as long as they can so they can benefit from it.

Even if they one day make a new one it will be based on total control. They will want something they can use against you if you one day decide you no longer want to be their slave Wink

I do think they may like a new system that it is even more intrusive and it gives them more control, look at the war on cash that is happening all over the world, governments want to know exactly in what you are spending your money and cash gives you too much privacy so they are limiting what you can do with it, there is no doubt they see in centralized cryptocurrencies a way to get even more power but in order for those currencies to work they first need to get rid of bitcoin, something not easy to do at all.

The CBDC will give them control over what will happen. I think most countries will eventually have one for their people China being the first could really take advantage of the situation for them to be the center of trade. The old system will be replaced obviously and the closest that could work for governments is CBDC.

Silberman

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Quote from: pixie85 on January 06, 2021, 06:40:48 PM

The governments don't want to give us a new system. They want to keep the old one going as long as they can so they can benefit from it.

Even if they one day make a new one it will be based on total control. They will want something they can use against you if you one day decide you no longer want to be their slave Wink

I do think they may like a new system that it is even more intrusive and it gives them more control, look at the war on cash that is happening all over the world, governments want to know exactly in what you are spending your money and cash gives you too much privacy so they are limiting what you can do with it, there is no doubt they see in centralized cryptocurrencies a way to get even more power but in order for those currencies to work they first need to get rid of bitcoin, something not easy to do at all.

Kakmakr

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Forget about "Public" Crypto currencies replacing "Fiat" currencies, because that is not going to happen. Governments use "Fiat" because it gives them full control... so they will not relinquish that power over people.

They might contract developers to develop their own "Private" coin, so that they have full power over the supply and demand and also changes to the protocol and code. Roll Eyes

(A digital version of their Fiat currency)

bits4books

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If you need a "new financial system" - then make up the necessary criteria for it and then think again whether it will be able to work as well and at the same distance as the classic fiat system.
Why do you need it? What is your goal? What do you want to achieve with this? What would be the benefit to everyone around you?
Too many questions and no answers, isn’t it?

fullhdpixel

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Quote from: shoreno on January 07, 2021, 03:29:29 AM

why are you always concerned of airdrops , if im not mistaken your last post do also mention if you can get airdrops but they arent a typical airdrop ,

anyway old monetary system is not done yet because we still use them but it is up to you if you wont because we have so many alternatives now and some can be better than them but dont worry because government will announce it formally if you cant use the old system anymore but if ever they will i think that wont be a crypto

I think one could argue that airdrops could be like bribes, and that is the dangerous part of it. Not that every airdrop is like that, but sometimes "working and earning money" is not like "promoting scam" so there are differences. When you get airdrop for free, that is good, you should be getting it, like for example when you held bitcoin and got bitcoin cash, that is fine because you just had bitcoin and that is it, nothing major happened.

Same goes for all the same ideas, if you however liked a tweet, retweeted, followed on facebook and all those type of things to get airdrop, that is where things start to change a bit. Why it changes? Well, if it is a legit project than you have nothing to worry about, but if it is a scam, there are people who spend their own hard earned money on it, and you are promoting a scam in that situation, even without knowing. Hence why airdrops could be seen dangerous time to time.

Reid

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Quote from: cryptoboss2020 on January 05, 2021, 08:28:13 AM

I Think CBDC are just the nice names nothing behind that.

We have all ready nice stable coins we can start use usdc and usdt easy!! No need other coins more we got then all ready.

You think that's enough?
Also, the names identifies only one country. US?
Just like you I want "change" to be faster but it should be supported by each government.
Without that, it cannot move forward. Let's say there are offers being handed over but I bet they are all turned down.
We always vote for an old man to handle one country. Maybe we could wait for someone who is open for change.

witcher_sense

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Quote from: cryptoboss2020 on January 04, 2021, 07:39:34 AM

And how they are going to Control supply of the New currency?

Money supply control means legal money counterfeiting. In order to create an entirely new monetary system, people should deprive central bankers of the power of control of the money supply. Otherwise, our new system is going to be no different from what we have today. Bitcoin and other decentralized currencies are the solution to the problem of money counterfeiting.

shoreno

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why are you always concerned of airdrops , if im not mistaken your last post do also mention if you can get airdrops but they arent a typical airdrop ,

anyway old monetary system is not done yet because we still use them but it is up to you if you wont because we have so many alternatives now and some can be better than them but dont worry because government will announce it formally if you cant use the old system anymore but if ever they will i think that wont be a crypto

davis196

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There will be no new monetary system.Governments will stick to the fiat money system until the end.
They might create CBDC or implement some new technologies,but those will be only cosmetic changes and the core principles of the fiat system will remain.The governments really want to keep their control over the ability to create new money out of thin air and to create more debt.
The monetary system has nothing to do with the lockdowns.People can still shop online,inside their homes,by using credit/debit cards.

mersal

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There will be no new money system maybe the government will change the banking system but the controlled fiat money is what make the economy of every government alive, only people may consider using the decentralized cryptos which makes the paper money to go worthless. Will there be such a scenario in the next 50 years?

Rengga Jati

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IT relates to the regulation of the government of each country. However, I personally believe that old fiat system may still exist even during this technology period. However, they are also developing, by using more advanced technology, creating new digital money and systems in order to follow the progress of the global technology era. But it doesn't mean that they will remove the old systems. Because this may relate to the regulation and also how their society is into it. Money and still money whatever the systems

pixie85

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The governments don't want to give us a new system. They want to keep the old one going as long as they can so they can benefit from it.

Even if they one day make a new one it will be based on total control. They will want something they can use against you if you one day decide you no longer want to be their slave Wink

teosanru

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Quote from: cryptoboss2020 on January 04, 2021, 07:39:34 AM

The Old money system is done people who are informed and educated can confirm that.
There is no way to go back to normal until the Old debt Fiat system remaining with us.

But my question is:
Are the World rulers just keep the old fiat system on and economy down to prevent fatal collapse. Until they Come Up with new system

They have Solution? The solution new money system wich system they will use it?
Isit bitcoin? Ethereum? Or defi? Or usdt or usdc Pax? Or they own cbdc Central bank digital currency
And how they are going to Control supply of the New currency?
Can we prepare us for this to get airdrops so if new currency comes?

How Long they keep locked down Everything?
How they tell us Now we have new currency?

Hey hey hey can you give some precedents what are you referring to? I mean there is absolutely zero connection between a lockdown and cryptocurrencies even if our primary currencies would have been cryptocurrencies there are 100% chances that lockdown would still have taken place. If lockdown would have taken place there are 100% chances that it would have led to a economic slump due to zero production in the Economy. I am unable to understand that how are we trying to interpret this as end of CBDC? Apart from a small economic crash why can't I see a significant effect on lives of common people?

livingfree

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Quote from: cryptoboss2020 on January 05, 2021, 08:28:13 AM

I Think CBDC are just the nice names nothing behind that.

We have all ready nice stable coins we can start use usdc and usdt easy!! No need other coins more we got then all ready.

Take time to know the real meaning behind CBDC and you'll get to understand what really it is. Stable coins and CBDC can co-exist and just bitcoin with many altcoins are.

As much as we want to have currency that will be used by most and don't have to use any other alternative then the idea of bitcoin won't come. Then CBDC took the example and IIRC, it's been an idea since last year and made for sole purpose and that is to make the government join the crypto saga having their own control to their own crypto.

slapper

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Actually, there is no sign that the old fiat system is about to fall. Even though it is obsolete, we still depend on it a lot. And I believe that the system is doing everything quite well up to now although the rich-poor distance keeps increasing.

You don't need to worry. Everything changes rapidly almost every day and new ideas can come up in just a few hours. New economic theories will soon be invented and you can see that people try to imply a new monetary system that is believed to enhance our society. Though we don't know when everything will be added, but remember, our world is getting better and better without any doubt.

CBDC can be a good strategy. But whether it gives people the power, or it will become a dictator. Different payment methods exist and we have many choices upon them. In term of a decentralized system, bitcoin and other cryptocurrencies give people a lot of hope.

cryptoboss2020

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Quote from: Smartprofit on January 05, 2021, 10:24:25 AM

Quote from: cryptoboss2020 on January 05, 2021, 08:28:13 AM

I Think CBDC are just the nice names nothing behind that.

We have all ready nice stable coins we can start use usdc and usdt easy!! No need other coins more we got then all ready.

In my opinion, China is not acting rashly. If the Central Bank of China is actively testing CBDC, then this makes sense.

China has a strategic plan for the development of its economy (roadmap). China is not interested in technology for technology's sake. China is interested in technology as a tool for economic and geopolitical expansion.

Moreover, finance is the circulatory system of any economy.

Other countries will also be forced to develop the CBDC system. Otherwise, they will face a technological lag.

CBDC can be named the uadc and usdt easy
We have usdt ready... All what it takes Central bank will start control the USDT

There is no need to waste time to create new
Stable coins are ready

Topic: Very serious Question the New money system (Read 364 times)