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Author Topic: Paper Money - The Greatest Scam  (Read 177 times)
r32godzilla
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July 13, 2018, 05:39:05 AM
 #1

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.

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July 13, 2018, 11:20:10 AM
 #2

There also in crypto, there's scam
Haven't you been scammed before.
Well i've been scammed many times.

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July 13, 2018, 11:29:29 AM
 #3

I fully support the creator of this article! By itself, bitcoin appeared after people were tired of enduring! In all countries, a machine is turned on and new money is printed, thereby inflation takes place, thereby becoming more expensive, thereby depriving people of their money! already there are few countries where paper money is equal to the amount of gold! Bitcoin will never be a classic paper money system!

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July 13, 2018, 11:31:14 AM
 #4

You mean fiat money in general, paper money is not created out of thin air.

To my best knowledge, there's 20 times more fiat than paper money.

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July 13, 2018, 11:55:56 AM
 #5

This thread kinda belongs to the "Economy" sub-forum,because it`s not about bitcoin.
OP,you say that paper/fiat money are created out of thin air.There are 10 times more people,who say that bitcoin and all the cryptocurrencies are created out of thin air.Who is right? Grin
The low level of inflation can help the economy to grow,so inflation isn`t always bad.

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July 13, 2018, 12:07:28 PM
 #6

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.
well fiat money was the greatest invention back on that year. Now crypto us the new way of doing transaction but i dont think it crypto dont have inflation. Inflation is caused by many factor and we human who life in the world of limited resources so i believe even though cryptocurrency could replace fiat money there is no way to make inflation disappear.

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July 13, 2018, 12:12:02 PM
 #7

...
So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.
...

1 - if that was true, cryptos would be in the constant uptrend, but somehow that's not the case. People tend to choose safer means of storing their wealth.
2 - not every crypto is inflation-free, having small inflation has a lot of benefits.
3 - Bitcoin has deflationary design in the long run, but as of now, new coins are created every ~10 mins + BTC value has been dropping constantly for the last few months, so keeping your wealth in reasonably inflated fiat was much better choice.


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July 13, 2018, 12:17:16 PM
 #8

Why did you decide that paper money is created from the air? The essence of money is to resolve the contradictions between value and consumer value.They have a universal equivalent. This equivalent is the ability of Fiat money to be exchanged for any product or service.Fiat is also a commodity. They lay the work of the people who produce it..And like every product it has its cost.It is the cost of electricity equipment materials for the production of Fiat money. If you think that paper money is created from the air then this is a profound misconception!

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July 13, 2018, 12:24:31 PM
 #9

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.

To be honest I haven't seen paper money for a long long time. Its just tap and go now...Soon it will be tap and go with crypto, hopefully.
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July 13, 2018, 12:31:16 PM
 #10

Everyone now speaks the same thing about the crypto currency, but they do not understand that in fact the crypto currency has much more opportunities and fewer shortcomings. It is very difficult for people to understand all this.
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July 13, 2018, 12:32:01 PM
 #11

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.

Yes. I agree with your opinion. But that does not mean I'm saving paper money. I think its management system (human, technology, etc.) is vulnerable to bad things.



There also in crypto, there's scam
Haven't you been scammed before.
Well i've been scammed many times.

I think you misunderstood this opening thread.
Simply put, one example when we save money in Bank how much monthly fee they charge? and other costs. Currency (Fiat and Crypto) has nothing to do with the scam. A scam is one's actions. Anyone can act scam either using crypto or fiat.

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July 13, 2018, 12:55:16 PM
 #12

Everyone now speaks the same thing about the crypto currency, but they do not understand that in fact the crypto currency has much more opportunities and fewer shortcomings. It is very difficult for people to understand all this.

Everyone understands all the advantages of cryptocurrencies. But government will never allow to get around govermental taxes.
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July 13, 2018, 01:03:56 PM
 #13

I would say that paper currency is the greatest scam ever to enslave mankind.

Bankers charge interest for a thing which has been created out of thin air.

The paper currency gradually decreases in its value due to inflation over time.

So naturally people tend to move towards cryptos which are free from inflation and the bankers and big economists once again want to pull back people to the traditional enslaving system.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.
Absolutely financial freedom.

They can printing it anytime, if we try to see that based on the actual usage of fiat money and it has nothing to do rather than become a direct payment system. I think the traditional system such as paper money will die soon.





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July 13, 2018, 01:28:18 PM
Merited by pawel7777 (1)
 #14

I would say that paper currency is the greatest scam ever to enslave mankind.
Bankers charge interest for a thing which has been created out of thin air.

So, who are those bankers that invented paper money?
Where they the Ro Wu Chi Ids or the Bil Den Xings, as I can't really make the signature on this thing


Think Wise and Twice.

Great words from somebody who can't spot the difference between fiat money and paper money.

So naturally, people tend to move towards cryptos which are free from inflation

And sorry to burst your bubble but about 1% move to cryptos because of this, rhe rest is all about money, bounty, moon, invest 1$ and get 1 million by Christmas.
Besides, BTC is going to be free of inflation, not cryptos in general.
Inflation coin for example is just as its name says, a coin with Inflation.
Tether is also a crypto, but it is pegged to the USD, which....
Not to mention ethereum.



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July 13, 2018, 01:54:39 PM
 #15

the main problem with paper money is inflation but cryptocurrency has its own problem called volatility and will not work without a network/internet which is a problem for some developing countries. anyways we can also create our own currency out of thin air easiest way is thru ICO or airdrops via Ethereum platform.

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July 14, 2018, 07:50:57 AM
 #16


So, who are those bankers that invented paper money?
Where they the Ro Wu Chi Ids or the Bil Den Xings, as I can't really make the signature on this thing


Could you give me some links to this? I need to know more about this, google isn't helpful here!

I know that the first to print money in paper was the Chinese government, and of course; there was already a banking system on that time.

Wikipedia says that:

The history of banking began with the first prototype banks which were the merchants of the world, who made grain loans to farmers and traders who carried goods between cities. This was around 2000 BC in Assyria, India and Sumeria. Later, in ancient Greece and during the Roman Empire, lenders based in temples made loans, while accepting deposits and performing the change of money. Archaeology from this period in ancient China and India also shows evidence of money lending activity.

If every central bank is owned by their government; why was the 7th president of U.S last words were, "I killed the bank."?

Is it the private bankers' or the government's fault that every fiat loses its value?

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July 14, 2018, 12:10:13 PM
 #17

If every central bank is owned by their government; why was the 7th president of U.S last words were, "I killed the bank."?

Well, he didn't and the bank wasn't owned by the government.
https://en.wikiquote.org/wiki/Andrew_Jackson

Quote
Misattributed
I killed the bank.
Some claim that Jackson said this on his deathbed.
Some websites also claim that this is inscribed upon Jackson's tombstone.

What he said was "The bank, Mr. Van Buren, is trying to kill me, but I will kill it."

Is it the private bankers' or the government's fault that every fiat loses its value?

I hate the term  "government".
In my country and in most of Europe the government is invested by the parliament and it can be also dismantled by majority vote in the parliament, adding the fact that the parliament is the one who votes new laws you can say the government alone can't be held liable for everything.

But details aside, my answer would be the latter  Cheesy

LE, almost forgot
Could you give me some links to this? I need to know more about this, google isn't helpful here!

That's a Jiaozi


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July 14, 2018, 12:13:58 PM
 #18

I fully support the creator of this article! By itself, bitcoin appeared after people were tired of enduring! In all countries, a machine is turned on and new money is printed, thereby inflation takes place, thereby becoming more expensive, thereby depriving people of their money! already there are few countries where paper money is equal to the amount of gold! Bitcoin will never be a classic paper money system!
an era of progress which, when progress can be accepted among the community means that old habits are considered hunting, but it is not like that crypto is better than paper currency but crypto can happen because of paper currency so that from few years ahead it is expected easier transaction implemented does not mean paper money is bad...

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July 14, 2018, 12:54:01 PM
 #19

When there is no more money in the bank, Bankers will simply print more money and nomenclature it and lend it to the public, you can call it professional robbery, they are in charge.
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July 14, 2018, 01:05:08 PM
 #20

Bank can scam you in a nice and easy way that can never be seen by anyone but you can do the same to them, you can definitely scam them but the consequences are too much for us to take unlike them you can't basically charge them without prior evidence.

Although some might say banks are just doing their jobs but the interest rates aren't fair to us.

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