Why Manna Is The Perfect Defense Against The Banksters!!!!

There are many people who worry that the banksters have even a remote chance of stopping or controlling cryptocurrency. To those people, I must say, stop worrying; it is a done deal. The banksters are cooked.

HOWEVER, does not mean they will go quietly or laying down.

People like @zoidsoft understand these entities well. He grasps that their efforts are going to be futile yet knows there will be efforts. The tactics they use will be devious and, in some cases, harsh.

One of the obvious ways the banksters are seeking control is through the exchanges. Since the exchanges are centralized it is pretty easy for them to get the government hacks to pry their way in.

Of course, this brings up a counter move: decentralized exchanges. This is outside the realm of the regulators since there is no single point of entry. Who do you go after?

@zoidsoft brought up something that I did not think of. What if the banksters got the government hacks to outlaw using fiat to get cryptocurrency. This could create a problem.

In a post, this is what was written....

In my last article, I failed to mention that if the onramps and offramps are closed between national fiat and cryptocurrencies, there will be a significant decision to be made. Does one continue to use the resources of centralized fiat currency or does one stop accepting such flag money in favor of crypto? This decision is most likely going to break down along lines of merchant adoption. Those merchants that accept crypto then become the force in the direction of the choice to stay on board in cryptoland and never exit fiat. Those who stay with flag money will become a force for the status quo.

https://busy.org/@zoidsoft/the-mutually-assured-destruction-model-can-it-be-used-to-spread-the-adoption-of-bitcoin

This got me thinking. If converting from fiat to crypto is outlawed, only those with crypto will be able to exchange it. It means the .1% or whatever has crypto now will be able to switch back and forth between cryptos. This creates quite a dilemma if it were to take place.

Utility tokens are the answer. These are cryptocurrencies in which the acquisition of the tokens is done via the use the currency was designed for. STEEM is an example of this. It is acquired by posting, commenting, and upvoting. This coincides in that is exactly what it was designed for.

Manna is an interesting token since it was designed to be given freely to people simply for signing up. When it comes to utility tokens, this is the epitome since it is simply distributed each week. Once signed up and verified, there is nothing to do. The tokens keep rolling in.

So why is the perfect defense against the closing off of fiat to crypto conversion?

If that were to happen, the price of any token in fiat is pointless. The only thing that will matter is price as compared to other cryptos. In the scenario @zoidsoft laid out, Manna would outpace all other crypto in pricing since it is barrier to acquisition is the lowest. Sure one could join STEEM but one is dependent upon someone upvoting the content and this can be hard in the beginning. Since one could not power up (fiat cant be used) the person would have to slowly build.

With Manna, there is none of that. If this situation occurred, a million people could sign up (presuming the servers could handle it) and get paid that week. While it would not me much in terms of the number of Manna, we would see the price compared to BTC, LTC, or most other tokens explode.

It is in this way that the on ramp was avoided (since it was shut down) yet got newer people onto the highway. Then, the Manna would be converted through the exchanges to whatever currency(s) the merchants wanted.

The key is to get the tokens in people's hands and just giving it to them is the easiest way to go.

That is why Manna is such a great counter attack to the banksters. It is given without any strings attached. That is something that is impossible to combat.

If you found this article informative, please give it an upvote and resteem.

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