Why the #FiatMoney systems fail
Inflation
Debt
Centralization
Intransparency
Instability
🧵👇
1. Inherent inflation
#FiatMoney loses its value over time due to inflation, eroding people's savings.
2. Debt accumulation
Fiat systems enable unsustainable levels of public and private debt.
3. Centralization
Central banks have significant power, leading to potential misuse or poor management.
4. Lack of transparency
The fiat system's operations are often intransparent, causing trust issues.
5. Economic instability
Fiat currencies contribute to economic cycles of boom and bust.
The answer: #Monero
Tails Emission
Based Supply
Decentralisation
Open Source Software
Economic Stability
Yes, and others. It's still very bitcoin-maxi-heavy here, but that will change with time (hopefully).
Therefore: Use #Monero to bring an economy to life.
15-minutes-c̶i̶t̶y̶-prison
https://nostr.build/av/64d453d506aa5831d12dc428defc14182bf76a098e6e7050f0553980c9f79947.mp4
đźš« Avoid
Visa / Mastercard
PayPal
“Any Big Tech”-Pay
Bank payments (SEPA etc.)
Stablecoins
CBDCs
âś… Instead use
Monero - digital cash
Cash - physical notes and coins
“The root and source of all monetary evil is the government’s monopoly on money.”
Friedrich von Hayek
Freedom cannot exist without privacy.
A nightmarish new monetary system with digital central bank money is unveiled by the Bank for International Settlements.
“A new type of financial market infrastructure – a unified ledger – could capture the full benefits of tokenisation by combining central bank money, tokenised deposits and tokenised assets on a programmable platform.”
BIS, Annual Economic Report, June 2023
How big can human hubris get?
Worldcoin: Yes.
Your #privacy is in your hands, not in the hands of a company. The greatest possible data protection is achieved by not collecting any data in the first place. Once your data is given out, there is no going back.
Great talk about the supply auditability of #Monero and #Bitcoin and the risk of an inflation bug.
- cryptographic hardness assumption
- detectable inflation
- undetectable i flstion
On Privacy Enhancing Currencies & Supply Auditability w/ fluffypony
How does tax money flow most effectively into private pockets?
#Privacy Paradoxon
Ask someone about privacy and they will think it is important.
Offer someone a free ticket and they will give you all their data.
Citizen vs Government
KYE, Know Your Enemy
Federal Reserve announces that its new system for instant payments, the FedNow® Service, is now live
#CBDC #FedNow
https://www.federalreserve.gov/newsevents/pressreleases/other20230720a.htm