Paper Money - The Greatest Scam

[PlusOne88]

Actually money in any form in slave mankind and I agree on your idea about this. Money if not used wisely could just end up in trouble. Crimes are created because of the love of money.Just to make it clear,  Paper money is not created the way fake money is. It is backed by the governments resources and could not be created as if there will be no limits. And paper money is used to buy bitcoin and other currencies. So on my part it just fair enough to give paper money a recognition as to its importance.

[1714788003]

1714788003

[Unlitinated]

Paper money had become a scam since it discontinued to be backed by gold, etc. Since then all people are dependant from the volume of paper money circulated in economy monopolied by central bank. Bank can issue the more volume of paper garbage the more it wants, this leads to devaluation of paper money which we receive as the payment for our labour regardless whether we are hired or enterprener. In this case all users of paper money are scammed by bankers who are the owners of whole financial world system. But in the core it is impossible to do without universal mean of exchange, but the vile desire big power holders to control the life of all people leads to crisisis and wars all around the globe.

[Ridwan Fauzi]

Cryptocurrency and money papers have a shortage of one another, if you say cryptocurrency will never experience inflation it depends on the coin, because the concept of coin in cryptocurrency for instance bitcoin. Bitcoin developers create bitcoin in a limited number of only 21 million, so it will not experience inflation but will be depleted. In contrast to some altcoins that do not have a minimum limit, this will make altcoin prone to inflation.

[Reid]

I understand what you are trying to say about inflation for they could just recreate paper over and over again.
But dont we see that now with all the crypto currencies that are being used? There is too much number of different coins by now.
People. They play God. They want to create too.
Look at how the value of every crypto coin goes down. Why? Investors dont know where to go. Hell! They dont even know what is the oroginal anymore because of copies.

[jonemil24]

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.

Speaking of EU government and banks, there was an alleged scandal happened last year about an Azerbaijan money laundering, and there were politically-exposed people involved.

There are 2 banks involved, one is a private bank and the other is an online-only bank. The online-only bank is now doing an ICO!

Now I wanted to say; f*ck banks and f*ck the government!

That's a Jiaozi

According to wikipedia;

Jiaozi was a form of promissory banknote which appeared around the 11th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history

I'm not a numismatist but I still consider the "flying cash"/"flying money" from the Tang dynasty to be first.

[vv181]

If the mainstream really knows about how banking system work, the system will collapse. Sadly the majority is enjoying being manipulated and enslaved, and our young generation is taught at the indoctrination camp(school).

anyone interested in why banking system is the greatest scam in history watch @whygoldandsilver youtube videos.

[Cult]

I understand what you are trying to say about inflation for they could just recreate paper over and over again.
But dont we see that now with all the crypto currencies that are being used? There is too much number of different coins by now.
People. They play God. They want to create too.
Look at how the value of every crypto coin goes down. Why? Investors dont know where to go. Hell! They dont even know what is the oroginal anymore because of copies.

These myriads of coins don't really matter if we have a strong bitcoin as it already has fixed  supply and is devoid of the "print" button. Just give it some time and all the shitcoins will die out.

[meaamir86]

"Whomsoever controls the volume of money in any country is an absolute master of all industry and commerce and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate." - James Garfield

[stimliall]

Our banknotes are just a withdrawal slip that the government relies on credit to issue, and it is also a kind of borrowing!
Banknotes in any country cannot escape the fate of depreciation.

[pitiflin]

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.

Dude, have you ever heard of scammy ICOs or something called tether? And fun fact: Even Bitcore is 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.

Who said crypto is free from inflation? Who said that people will naturally move to crypto? They won't, not until fiat dies.

Now the choice is yours.

Enslavery or Financial Freedom?

Think Wise and Twice.

You should word it as financial freedom or spending a normal life. Look, you cannot do anything without fiat. Fiat plays a major role in people's lives, not everybody accepts crypto IRL.

[samcrypto]

If the mainstream really knows about how banking system work, the system will collapse. Sadly the majority is enjoying being manipulated and enslaved, and our young generation is taught at the indoctrination camp(school).

anyone interested in why banking system is the greatest scam in history watch @whygoldandsilver youtube videos.

Yeah, not all those who saves in the bank knows how they are being scammed by the banks. Even the government encourage everyone to open an account in one local bank so they can enjoy the benefit of having an account but in reality worse things can happen to your money. Its hard to educate people about it when your own government support the banking system.

[stompix]

That's a Jiaozi

According to wikipedia;

Jiaozi was a form of promissory banknote which appeared around the 11th century in the Sichuan capital of Chengdu, China. Numismatists regard it as the first paper money in history

I'm not a numismatist but I still consider the "flying cash"/"flying money" from the Tang dynasty to be first.

Yeah, still it was the first that was really used as a paper with a far bigger value than the value of the materials it was made from. Some say that this, applied to papers printed en-masse by the government equal money...
Either way, it's not that important, the thing I pointed in the first post is that people don't realize how old some things are in reality and they all think it's something new just invented.

A few years ago I was surprised to hear some goldbugs claiming that the Greek crisis couldn't have happened with a gold standard, really? Who the hell was the first country(state) in history to go bankrupt? 

Paper money is not a scam, just like guns can't really kill people without an imbecile pushing the trigger.
Paper money can work flawlessly if some rules are enforced and respected, if not.....

[MULTIK888]

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.

In most cases, the work in which a person is every day connected with the material security of themselves and their families(earning paper money). But very often all this work brings as much money as you spend each month. And this cycle lasts all year round. If you are an ordinary person, you do not have a rich dad, uncle, aunt, then basically you find it difficult to find a job through which you can provide for yourself in the future.
Investing in crypto-smart work is exactly what can bring you a great income in the future since the % of earnings here is 1000-Chi percent per year if you find the next Ethereum. Friends do not be afraid to invest in crypto because there is hope.

[yusupjatigumilar]

Crypto currencies are comparatively cheaper, practical and efficient because they don't involve banks in making transactions so there are no taxes imposed here, but I don't think we can completely abandon the paper because in everyday life we cannot fully use crypto resources. because there are still many payments that can only be made using paper money

[AAlex48]

The choice is imposed by the government, I don’t think that they will change something, it’s not profitable for them, control should be everywhere for them.

[CASTIEL05]

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.

So, do you mean that it is a legal scam? It is not scam rather a fraudulent act. It is a scam if the will use the fiat as the tool to fool people and exit the moment they gain. However, it is not. They just fool people by means of charging high fees over a period of time. Banks and fiat have the same purposes, we as human follow it.

[Omegasun]

Crypto currencies are comparatively cheaper, practical and efficient because they don't involve banks in making transactions so there are no taxes imposed here, but I don't think we can completely abandon the paper because in everyday life we cannot fully use crypto resources. because there are still many payments that can only be made using paper money

It's easy and transparent, yet adoption is not that wide as paper money offers, it will have long way before crypto will be able to be too useful in every means of transactions.

[wahyu wida]

Crypto currencies are comparatively cheaper, practical and efficient because they don't involve banks in making transactions so there are no taxes imposed here, but I don't think we can completely abandon the paper because in everyday life we cannot fully use crypto resources. because there are still many payments that can only be made using paper money

It's easy and transparent, yet adoption is not that wide as paper money offers, it will have long way before crypto will be able to be too useful in every means of transactions.

besides that many people who do not understand cryptocurrency, so paper currency becomes more effective for transaction tools. although crypto is easy and transparent but for those who don't understand, it will be the same

[Indrawan77]

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

I have been scammed so many times in crypto but that is not the crypto fault, it is my fault and the scammers fault, so crypto and fiat got nothing to do with fraud because they are only medium, fiat was created to control the economic system so without you knowing you are enslaved and controlled by the government, you can see this by the amount of taxes that you paid, and now crypto offered a financial freedom that eliminate the used of third party, so with crypto and fiat exist we have the option

[inesterdd]

Approximately 90% actually being toy money. If the system collapses, the crash will be monstrous. It can cause an avalanche of consequences.