THE SOLUTION
Our current global financial system is pretty much hanging by a thread. Traditional money keeps losing its value over time, plus it's all controlled by central authorities.
So here's my proposal for a new system:
✅ It's founded on cryptography and solid mathematical principles
✅ Its value comes from what it can actually do, not tied to any fiat or national currency
✅ It's decentralized, making it impossible for anyone to control or tamper with it
RULES OF THIS SYSTEM
1️⃣ It should be used as a currency for trading goods, services, and everyday economic activities ✅
2️⃣ No converting into fiat money ❌
3️⃣ Don’t gauge its value in fiat money ❌
4️⃣ Avoid measuring its worth in any national currency ❌
5️⃣ Never revert back to fiat money system ❌
6️⃣ Stay out of trading markets ❌
7️⃣ No speculation allowed ❌
8️⃣ One CPU, one vote ✅
9️⃣ We Money ✅
🔟 And then back to No.1 ✅
06/May/2026
Finance Minister looks baffled as the global financial system teeters on collapse 😆🗿
People might not get it now, but history will show this is the right path 🚀
A NEW APPROACH: FINANCIAL SYSTEM DRIVEN BY CRYPTOGRAPHY
1 reply 229 views
defi_whaleFull Member
Posts: 140 · Reputation: 461
#2Oct 22, 2017, 08:56 PM
Ofcourse, what makes money valuable is the kind of value it's backed by or exchanged for. Should not be printed out of thin air, has to be backed by something valuable.. And the value it's backed by should be worth it rather than worth less. This is mostly what make a currency high in value,
By the way, this is why we have Bitcoin. It is hard earned money, not printed out of thin air. So, people will value it so much that they would prefer to spend it carefully on things of value unless their bitcoins are bought with fiat printed out of thin air.
All the "do not" cannot be imposed. They will do it anyway, especially informally or via blackmarkets, since your rules are required and could be built in the system protocol.
?Reply
Sign in to reply to this topic
Related topics
- the system is messed up 19
- US wants resources like oil and is making strategic moves 19
- Russia is definitely trading long-term growth for an extended conflict 19
- UK trained tons of doctors, then said no jobs available 19
- Indonesia's Plan for Rupiah Redenomination 2
- Iran set to halt uranium enrichment by the end of July 19