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RE: A War of Economic Attrition

in LeoFinance3 years ago

Hello Tarazkp, nice post, i agree with most of your thoughts. Reading your article i just start wondering about the fact, thatI often get excited about cryptocurrency predictions. Not only with the possible increase of their nominal value, but the possibility of having my own independent, decentralized financial system without central banks controlling the game. On the other hand, I see what is happening lately, where all the central banks are printing money that does not correspond to value. If the one who has the right to print as much money as he wants, who assures me that with this "fake" money he will not buy and control all the promising networks that are set up in the blockchain area? What are you thinking about it?

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but the possibility of having my own independent, decentralized financial system without central banks controlling the game.

This is what I am hoping for and, I am hoping that I can use it for localized governance, instead of the current nonsense we are using.

Fiat is owned by the banks, not the people. They print as much as they want, they inflate or deflate as they choose - they take whenever they need. It is a terrible system of control. It has to end.

If the one who has the right to print as much money as he wants, who assures me that with this "fake" money he will not buy and control all the promising networks that are set up in the blockchain area?

Damn! I was eagerly waiting to read the answer to this question. Hahahaha