Money as Debt. A comprehensive and simple explanation of the current banking industry with an emphasis on why we need new economic systems to thrive as a people.
The existing Centralized corporate banking industry inherently creates scarcity and facilitates systemic indentured servitude.
Blockchain Powered Cryptocurrencies that fairly distribute wealth and decision-making to all users of the system are the answer to this economic imbalance in power.
Instead of stacking the extra wealth created by the taxation on the movement of resources into a pyramid like model, a balanced economic system instead redistributes the additional resources to perform services for the users of the currency. Furthermore, in truly decentralized models, the currency users themselves have a direct vote on how the additional funds from taxes/tithings/transaction fees are spent.
Before the rise of blockchain technology and liquid democracy voting systems, it was literally impossible to collect the votes of all currency users in a timely manner. The good Ol' Governmental Dinosaurs are taking awhile to catch up to these new blockchain systems. If we leave it up to them it will be decades (or centuries) before we are using blockchain voting to fairly distribute national tax dollars.
Its up to us to discover, utilize, promote cryptocurrencies that fairly distribute wealth and decision making, for the highest good of ourselves and all People of this Planet Earth.
However, many cryptocurrencies use similar methods of centralized distribution and hoarding.... be wary, most coins do not embody truly decentralized economic practices.
Here in the Earth Nation, we are exploring if Steem has the characteristics of a currency and community that facilitates fair distribution of resources and decision making.
What do you think? What cryptocurrencies on the market at this time are using distribution and decision making policies that directly benefit all/most community members using that currency? Please share in the comments!
WARNING! This is an obvious sponsored content. Financed by an anonymous community member @Freedom
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......your point is?...
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P.S. if you want to look professional use professional grammar!
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I'd like to introduce a unique currency, unlike any other. Equality Keys.
Our Currency has 5 unique characteristics.
Support the beta launch (happening next month) by sharing a post at https://www.thunderclap.it/projects/60185-earth-nation-beta-launch
Our ico launches early next year.
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Where is your website?
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www.asc.ai please ignore joe @algons hes just a internet troll.
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Thank you that you give an opinion and that you help our community to grow. It is incredible that sharing and commenting we can make this place a better one.
We are all involved in cryptocurrencies and we know that it is important to have different opinions from different sources. That's why we propose you to take a look at what we look: https://steemit.com/ripple/@usethebitcoin/korean-exchange-coinrail-ready-to-list-ripple-xpr-on-its-platform
You can take a look or not, but we are already glad to be able to invite you.
This is how a community grows and how we can make it better for all of us.
The best for you, keep commenting, sharing your views on different topics and participating.
Thank you.
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I want to help, will we talk about this in the Earth Nation meeting tomorrow? I'm very interested in helping out.
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Very interesting, I understood the concept to some extent, though that video explains it very well. Like many others my interest in crypto currencies stems at least partly from my understanding that fiat currencies are all fundamentally flawed.
Does steem or any other crypto currency facilitate the fair distribution of resources and decision making? I'd say not really, some may be are probably a step in the right direction and an improvement over fiat, at least in the sense that it is not possible to loan (with or without interest) money that does not actually exist. However the distribution of all currencies is weighted heavily in favor of those who bought it with fiat and/or got in early.
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"many cryptocurrencies use similar methods of centralized distribution and hoarding.... be wary, most coins do not embody truly decentralized economic practices"
Yes, finally! That's what I've been talking about! (see my posts)
Your currency might not be the one with the best ROI in short term (even 2 years); but I'm sure yours will be the one that will be standing when all bubbles burst in the coming years!
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Interesting stuff
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Quite an interesting post. A couple thoughts...
Steem blockchain is controlled by the witnesses, particularly the top 20. Steemit accounts are permitted to vote on witnesses, and our votes are weighted according to the amount of SP held by the account.
This means that someone with enough Steem can just vote in whatever witnesses they want, and gain complete control over Steem. It is hard to be more centralized than this, as nothing is more centralized than money in this world.
Also, here's some thoughts on why BTC and other cryptocurrencies haven't been strangled in their cribs. Lemme know what you think, if you would.
Thanks!
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For money to be utilized by it's true nature it must be spent into an economy rather than being loaned into it. That is why Steem is so incredible, this system allows currency to be used the way it was meant to be. The fact that the currency is created based on the use and contributions to this network is unreal. Now all that is left to do is find a way to connect our resources in the real world to these cryptocurrencies and I have an idea on how to do just that if anyone is interested :) We are already working on it in Phoenix, AZ!
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Professional.
You have earned my respect. Hopefully I can do the same ;)
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Crypterium
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Congratulations @earthnation, this post is the second most rewarded post (based on pending payouts) in the last 12 hours written by a Hero account holder (accounts that hold between 10 and 100 Mega Vests). The total number of posts by Hero account holders during this period was 267 and the total pending payments to posts in this category was $5124.22. To see the full list of highest paid posts across all accounts categories, click here.
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Excellent!
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Good post
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Smartcash is the answer to your question : check @smartcash
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This post has received a 64.50 % upvote from @buildawhale thanks to: @earthnation. Send at least 1 SBD to @buildawhale with a post link in the memo field for a portion of the next vote.
To support our daily curation initiative, please vote on my owner, @themarkymark, as a Steem Witness
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nice
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This post received a 5% upvote from @morwhale team thanks to @earthnation! For more information, click here! , TeamMorocco! .
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Future generations always have to take out more debt than previous generations did, otherwise this system collapses in a deflationary spiral. I am getting every day spam from banks and credit card companies to increase my debt limits, get new cards or take out loans. They are hard at work trying to keep the Ponzi running.
You just made the case for Bitcoin, for us who get it so glad , thank you Satoshi Nakamoto.
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Congratulations, your post received one of the top 10 most powerful upvotes in the last 12 hours. You received an upvote from @bellyrub valued at 92.80 SBD, based on the pending payout at the time the data was extracted.
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@driva has voted on behalf of @minnowpond.
If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
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Great value!
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This post has received a 1.84 % upvote from @drotto thanks to: @earthnation.
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Congratulations @earthnation! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
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Very interesting post. This definitely brings a lot of things into the light. Great work and beautifully presented.
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It is old video and yes you should post a source ;)
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you can see the source in the embed, by clicking on the youtube icon. I can't actually post the source url... since steemit makes it into another video embed.
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Congratulations @earthnation!
Your post was mentioned in the hit parade in the following category:
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You have collected your daily Power Up! This post received an upvote worth of 0.88$.
Learn how to Power Up Smart here!
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Great explanation. Everyone should watch this! resteemed to spread the word!
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Great video!
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This post received a 3.4% upvote from @randowhale thanks to @earthnation! For more information, click here!
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This wonderful post has received a bellyrub 37.11 % upvote from @bellyrub thanks to this cool cat: @earthnation. My pops @zeartul is one of your top steemit witness, if you like my bellyrubs please go vote for him, if you love what he is doing vote for this comment as well.
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Post source of video please.
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@minnowpond1 has voted on behalf of @minnowpond.
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Why give the magic printing press to government, government does not exist and the currency would not be backed Yeah it would be backed by stolen goods stolen through taxation. The government has no money or property everything it's has was stolen first under thread of, or use of force.
It would print money and raise taxes from which the parasites would skim off.
I don't know if the example is clear but let's say I was the government and I had a printing press and printed money I would raise and raise taxes and print and print etc.
You would have the same problem
Saying let's give the printing press to government is saying let's give the ability to print money to big mafia and then borrow it to the shop owner which than would be visited by the leg breakers. to collect the money. sarc.on.// of course maffia would spend teh money on the mafia schools, for the children//sarc off
Edit; Also if you (now) have debt with the bank now it's not the bank itself coming to your door with weapons to collect the money. It's the governments violent gang.
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wow they are so nice..thanks for sharing @earthnation :)
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As a follower of @followforupvotes this post has been randomly selected and upvoted! Enjoy your upvote and have a great day!
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DIMCOIN
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Sneaky Ninja Attack!!
You have been defended with a 33.89 % upvote!
To help keep my Jōki (蒸気) power strong I rely on the townspeople of Sōsharumedia (ソーシャルメディア).
I was summoned by: @earthnation.
I have done their bidding and now I will vanish...
woosh
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But we have to be aware like many scammers are there to take away your money. Just looking at promising website dont fell in the trap. So make your research and choose wisely.
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Listen to Mike Maloney. His Hidden Secrets of Money taught me pretty much everything about the monetary system.
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I simply love your articles, what great content and quality of posting you offer the community here on Steemit and abroad.
Thanks a lot :)
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thanks for sharing
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superb video..!!!! :)
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