Most people understand the system is broken but they do not realize why. Thus, they end up chasing the wrong things when they should be focusing upon something else.
In this video I discuss how we have the opportunity to remove the friction from the global economy and have it operate in a more efficient way. This includes getting rid of rent seekers which tend to slow the process down and drain from the system.
▶️ 3Speak
The system is no longer efficient. I think crypto is fairly good since the transactions are fast. At this point in time, it doesn't make sense we have to wait 3 business days for money to be cleared for us to use.
Posted Using LeoFinance Beta
No way ur getting my pig for one chicken
PIZZA Holders sent $PIZZA tips in this post's comments:
You can now send $PIZZA tips in Discord via tip.cc!
@taskmaster4450! The Hive.Pizza team manually curated this post.Nice work
At least if solutions like this can reach the right channel then it would bring about a positive impact on the economy
This might be a bit off topic, but you mentioned it briefly at the beginning of the video, and I base the comment on a number of videos you've put together on the subject.
I am a bit confused about something. I understand Central Banks / FED mostly settle debt between member banks without actually using/moving/printing money for that, but who then has the role to print them? Because some institution does. For example, to replace old banknotes removed from circulation or to replace old issues with newer ones and with different security measures. That in my country is the role of the Central Bank. In EU as a whole it's ECB. These are the inflation-neutral options, but of course stimulus was paid out using debt and who knows if these aren't freshly printed dollars or not?
By the way, I wouldn't have an issue with "printers going brrr". As you say, development in the world is way too underfunded, and inflation won't hurt us, quite the opposite. Plus, that's what we do in crypto, and we don't find that wrong...