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Author Topic: Paper Money - The Greatest Scam  (Read 20212 times)
Biscutard
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December 20, 2018, 11:03:43 PM
 #81

Before the invention of cryptocurrency, the fiat currency was in existence for centuries so we have to still give credit to that innovation. Cryptocurrency is here to improve the fiat currency, so fiat was not a scam and will never be a scam.
Somehow i don't like how the government can take your money easily without your permission especially in the banks. There is too much rules which you have to maintain and any other regulations that doesn't give you a freedom if you disobey. Everyone is forced to take it while the people inside the government could easily make a way out of it.

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December 20, 2018, 11:36:08 PM
 #82

The paper money you're talking about is the one we are using right now. These papers are part of the system that makes each of us able to transact well. It is not the paper that must be blame, it is the other parts of the system such as the people manipulating the prices. For the case of cryptocurrency, it is again the manipulators taking the cryptocurrency into the deep.
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December 20, 2018, 11:45:05 PM
 #83

There also in crypto, there's scam
Haven't you been scammed before.
Well i've been scammed many times.
fraud can occur anytime and anywhere, the case for bitcoin is very common because the first bitcoin promises high profits, so opportunities like this are used by fraudsters to trick victims with high profits, so we must be very careful whenever there are programs that offering big benefits with small capital, bitcoin is the latest technology so people still don't really understand bitcoin, this kind of thing is often used by fraudsters to spread action with very good pictures when he wants to cheat you, and there are many cases of bitcoin,  but all can be prevented by understanding what we will do.
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December 21, 2018, 09:21:45 AM
 #84

I am agree that paper money or fiat are greatest scam. Central Banks print from thin air and they lend it to people or government with interest. It will creating inflation and people will always to work to pay the interest. I think economic system base on gold standart is good and can replace current system

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December 26, 2018, 12:46:51 PM
 #85

the problem of scam or not I think it has nothing to do with whether it is banknotes or crypto currencies, which become a valuable object to be a medium of exchange is people's trust in the object, so trust is the most important thing in determining an object to be a medium of exchange legitimate or just a scam
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December 26, 2018, 12:53:06 PM
 #86

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.
I still decided to choose fiat money and would use it to invest in real estate or gold. If you think fiat money is a failure, think carefully. For me, crypto is just a money transfer tool and it cannot be a currency to use for many different purposes like fiat money. What do you think about a market that always has daily fluctuations? What do you think your daily assets are always fluctuating even though you don't affect it?

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December 26, 2018, 01:55:35 PM
 #87

I am agree that paper money or fiat are greatest scam.
Say whatever you like,but fiat(paper money) is Indispensable and at this moment you've got some in your pockets,we definitely cannot do without them,how are we gonna make purchases in our local stores,knowing fully well we have limited stores accepting bitcoins due to volatility and that's not changing soon when almost what everyone does is to buy and hold,simply for investment purposes.

The same scam you're calling fiat,is what cryptocurrencies have been associated with world wide,thus crypto could also be regarded as such
For now we all are using the both of them,and I think it's gonna remain that way,even if one is to give way, it's definitely cryptocurrencies.
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December 26, 2018, 02:24:19 PM
 #88

Yes, I think paper money is indeed a system of human slavery. Humans enslave themselves to get paper money, and paper money is printed very much so that the value decreases because of the amount of money that has been printed.

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December 26, 2018, 05:43:38 PM
 #89

Calling paper money of different countries is not a scam. While they can be called the simplest, fastest and convenient means of payment. Other species have their advantages, but also have their own disadvantages. Paper money of the states depends on the degree of development of the country's economy and if governments follow the necessary rules for their regulation, paper money plays a positive role in financial relations in society.

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December 26, 2018, 07:35:48 PM
 #90

it is a scam. people these days take loans for nothing and put it all in speculation markets. everybody with brains know that this economy will fall sooner or later because all the money flows in the real money circulation and causes inflation. they dont even need to pay it back if everything blows to shit one day. the sad thing is that the people who make earning of speculation markets let completly worthless money flow into the money circulation and get goods for free. no risk and free goods. a big scam. thats all because the financial system is at its end. a desperate attempt to let this sickened money system allive. stocks allways has to rise, thats why you get loans for nearly no interest.

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December 26, 2018, 11:24:37 PM
 #91

 This topic is too loud. If someone thinks that in the case of cryptocurrencies the same things will not happen that happen with fiat money, then this is a big mistake, bankers will still try to create mechanisms and platforms that will allow them to do the same things that they doing now with fiat money. I mean those miracles that Wall Street guys do. They are quite capable of doing the same with cryptocurrencies.

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December 27, 2018, 02:03:01 AM
 #92

Before the invention of cryptocurrency, the fiat currency was in existence for centuries so we have to still give credit to that innovation. Cryptocurrency is here to improve the fiat currency, so fiat was not a scam and will never be a scam.
Somehow i don't like how the government can take your money easily without your permission especially in the banks. There is too much rules which you have to maintain and any other regulations that doesn't give you a freedom if you disobey. Everyone is forced to take it while the people inside the government could easily make a way out of it.
Thats right. they use all the rules to freeze your account when you do something that violates their TOS. I don't like that system. cryptocurrency comes to break that rules. thats why they are scared. but I don't think that paper money is a scam. although only paper. but their value it describes the country's economy
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December 27, 2018, 11:06:22 AM
 #93

Before the invention of cryptocurrency, the fiat currency was in existence for centuries so we have to still give credit to that innovation. Cryptocurrency is here to improve the fiat currency, so fiat was not a scam and will never be a scam.
Somehow i don't like how the government can take your money easily without your permission especially in the banks. There is too much rules which you have to maintain and any other regulations that doesn't give you a freedom if you disobey. Everyone is forced to take it while the people inside the government could easily make a way out of it.
Thats right. they use all the rules to freeze your account when you do something that violates their TOS. I don't like that system. cryptocurrency comes to break that rules. thats why they are scared. but I don't think that paper money is a scam. although only paper. but their value it describes the country's economy
It's a scam because those who manage it are greedy people, those who are in the government are greedy, they want to control us with their regulations so they can make money from us. That is happening but seems like majority does not see it, good thing that crypto is here now, so let's help people to get educated with crypto as this will benefit the people in general.




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December 28, 2018, 03:54:32 AM
 #94

Before the invention of cryptocurrency, the fiat currency was in existence for centuries so we have to still give credit to that innovation. Cryptocurrency is here to improve the fiat currency, so fiat was not a scam and will never be a scam.
Somehow i don't like how the government can take your money easily without your permission especially in the banks. There is too much rules which you have to maintain and any other regulations that doesn't give you a freedom if you disobey. Everyone is forced to take it while the people inside the government could easily make a way out of it.
Thats right. they use all the rules to freeze your account when you do something that violates their TOS. I don't like that system. cryptocurrency comes to break that rules. thats why they are scared. but I don't think that paper money is a scam. although only paper. but their value it describes the country's economy
It's a scam because those who manage it are greedy people, those who are in the government are greedy, they want to control us with their regulations so they can make money from us. That is happening but seems like majority does not see it, good thing that crypto is here now, so let's help people to get educated with crypto as this will benefit the people in general.
If the profit for the government itself is to increase the state budget. of course it is not a problem because it will help build the country. but if they use the rules for personal gain that is certainly something that must be opposed.
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December 28, 2018, 02:05:12 PM
 #95

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.
Federal Reserves are not scammers, they are not out there to make profits for free or something. They do have a very vital role in every single country they are based in. You can not have unlimited amount of money because if you do that than it will be like that zimbawe or whatever country where you pay a trillion dollars for a burger. Hence they need to calculate very carefully if they should print money or they should cut back on interests and so forth in order to keep the economy at bay in order to drop inflation as low as possible.

If they just let go and print money for themselves eventually the economy will be bankrupted. If that was so possible USA has 10+ trillion dollar debt, FED would just print out 10+ trillion and pay every debt they own and they will be a country free of debt. However that would have consequences so they don't do that.
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December 28, 2018, 02:28:42 PM
 #96

I know, paper money is always calculated based on gold. well, currencies and money are of course different. why paper money has value, it's because of the gold saved by a country. well, I don't know, I'm not an economic person, but I think, this is inherent in everyone, and paper money is always considered important. even cryptocurrency is very similar.

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December 28, 2018, 02:39:59 PM
 #97

There also in crypto, there's scam
Haven't you been scammed before.
Well i've been scammed many times.
It is the matter of choice mate buy Bitcoin so that you won't worry no more. Scam in cryptocurrency is different from fiat money. Centralized scam is different from decentralized scam what's interesting here is that cryptocurrency could possibly be a tool for us to have financial freedom unfortunately not in fiat money due to bankers and powerful entities that controls the world's economy. In fiat people who are poor become poorer unlike here in crypto industry where we can be one of the millionaires one day regardless of social status.
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January 08, 2019, 09:13:24 PM
 #98

Before the invention of cryptocurrency, the fiat currency was in existence for centuries so we have to still give credit to that innovation. Cryptocurrency is here to improve the fiat currency, so fiat was not a scam and will never be a scam.
Somehow i don't like how the government can take your money easily without your permission especially in the banks. There is too much rules which you have to maintain and any other regulations that doesn't give you a freedom if you disobey. Everyone is forced to take it while the people inside the government could easily make a way out of it.
Thats right. they use all the rules to freeze your account when you do something that violates their TOS. I don't like that system. cryptocurrency comes to break that rules. thats why they are scared. but I don't think that paper money is a scam. although only paper. but their value it describes the country's economy
It is to be expected that they get to make the rules when it comes to their systems, so it makes sense they will freeze your assets if you violate some rules about what you are allowed to do but we have all the right to create our own systems, in this cases cryptocurrencies that do not follow their rules, and that is what bothers them, they see they have no way to modify the cryptocurrencies to benefit them and they are trying to scare people away from them.

 
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tidus1097
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January 08, 2019, 10:37:47 PM
 #99

It is to be expected that they get to make the rules when it comes to their systems, so it makes sense they will freeze your assets if you violate some rules about what you are allowed to do but we have all the right to create our own systems, in this cases cryptocurrencies that do not follow their rules, and that is what bothers them, they see they have no way to modify the cryptocurrencies to benefit them and they are trying to scare people away from them.

Yeah, I agree they got rules, but rules that are ridiculous should not be entertained. That's how they monopolize the monetary market with their stupid rules. Freezing accounts with transactions more than $1000 a day is ridiculous.

On the contrary Crypto is freedom. I thus agree with what OP stated here.

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richminded
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January 08, 2019, 11:15:15 PM
 #100

It is to be expected that they get to make the rules when it comes to their systems, so it makes sense they will freeze your assets if you violate some rules about what you are allowed to do but we have all the right to create our own systems, in this cases cryptocurrencies that do not follow their rules, and that is what bothers them, they see they have no way to modify the cryptocurrencies to benefit them and they are trying to scare people away from them.

Yeah, I agree they got rules, but rules that are ridiculous should not be entertained. That's how they monopolize the monetary market with their stupid rules. Freezing accounts with transactions more than $1000 a day is ridiculous.

On the contrary Crypto is freedom. I thus agree with what OP stated here.
Living for almost 3decades now and I’m about to realize how shit paper money are and especially the banking system. I’m glad that cryptocurrency was invented but admit it or not, we still need fiat money for liquidity and a bank where you can put money safely. Well, I have to used them for now not until we made to hit in the mainstream, looking forward for that.
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