Intro
Intro
As a moderator of the Tron Fan Club community, I regularly write various tutorials on crypto blockchain and Tron related matters. The main purpose of these tutorials is to make our new users aware of these topics. In continuation of that I am writing tutorials on trading and finance. Hope you can easily learn some details of trading and finance through this tutorial series.
In the discussion of my previous four posts, you are only confused, this is undoubtedly because in the previous four posts, I have only shared the issues with you. Today I will discuss not the problems but the solutions to these problems.
You have understood several problems in the monetary system instead of the present financial system or the barter system through the discussion of the last episode. However, if I were to briefly highlight the problems, these problems are mainly as follows.
Firstly, getting the opportunity to print coins at will. Instead of holding any tradable assets such as gold.
Secondly, after printing the paper currency, it comes in the form of interest in the hands of the government or the bank.
Thirdly, the country's boundaries or restrictions on the use of currency.
Fourthly, restrictions on mass and certain other matters in the use of gold.
Fifth, Commercial banks are creating money through fractional reserve banking.
Sixth, commercial banks can do more fractional reserve banking through digital currency.
Seventh, Due to the presence of fiat or paper money in the monetary system, the banks are making profits day by day and the wealth from the common people is going into the hands of the banks at the same rate and some people are going bankrupt.
We explained these problems in different ways in the previous discussion. So, if the solution is not discussed today then the matter remains incomplete, so I suggest two solutions here.
The first solution is cryptocurrency. Many people may think that we write positive words about it because we work on crypto-based blockchain projects, but in fact, the above problems can be solved only through cryptocurrency, because the supply is limited, everything is transparent, there are no country barriers, and there is no interest-based system. Almost all problems are solved in cryptocurrency-based currency exchange system.
Secondly Gold based system can be introduced. Or gold backup can be ensured. But even in that case it will not be solved because a lot of gold in the world will be used for trading which will create a big gold crisis. Even if the whole world accepts this system, still in this case the problem based mainly on interest i.e. when the gold currencies come from the central bank to the commercial bank or the government or individuals, then the interest-based system should be eliminated. That is, these gold coins must be circulated in general and cannot be initiated by adding any interest here.
Hope you have easily understood the problems and their solutions through these five discussions. Thanks everyone.
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I agree that crypto can be the solution because it is decentralised and it is completely tech based revolution where manipulation is not possible. When we talk about gold or the Fiat currency then we also know that government can play an important role in managing both but with Crypto things are completely different.
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Ya. Both problems can be addressed.
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I agree with you that cryptocurrency is the perfect solution. The absence of barriers and the transparency are qualities that make it a worthy option.
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Thanks for your comment.
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