Take Control of Your Money Back!

hilarski (76) in cryptocurrency • 8 years ago (edited)

The new digital money of the Information Age will retain control over the medium of exchange of the owners of wealth, who wish to preserve it, rather than to nation-states that wish to spirit it away.

Use of this new cybermoney will substantially free you from the power of the state. No currency has suffered a smaller loss from inflation since World War II than the German mark. Yet even so, 71 percent of its value vanished between January 1, 1949, and the end of June 1995. The world reserve currency during this period, the U.S. dollar, lost 84 percent of its value. This is a measure of the wealth that governments expropriated by exploiting their territorial monopolies on legal tender.

Learn more about Cybermoney and Equibit.--> https://equibit.org/

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8 years ago by hilarski (76)

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automaton (56) · 8 years ago

The truth hurts! Thanks for the post.

qwesttexas (53) · 8 years ago

Great post and thanks for the sobering truth on fiat currency. Even the best of them have lost so much purchasing power via inflation and other manipulation by central banks. Thanks again.

baah (61) · 8 years ago

Money as a measure of value fails miserably, and as its counterpart, a store of value is, like this article shows, like a sack of rice engineered with a bunch of holes and tears.

crypto commodities like bitcoin and its alts also dont do any better as a system of measurement, but at least as a store of value its not engineered to fail.