Paper Money - The Greatest Scam

[cetald]

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.

Great post. I totally agree with the author. Central banks print money unsecured. People are constantly being robbed. But the strangest thing is that the government is not interested in people being financially literate. Children are not given financial education in schools.

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[kzozenberg]

I do not think that Fiat money is a fraud since in our world it has come to the norm and the cryptocurrency is also released without a stop ! https://etherscan.io/token/0xa0b86991c6218b36c1d19d4a2e9eb0ce3606eb48?a=0x55fe002aeff02f77364de339a1292923a15844b8

[Borocoin]

If Bitcoin will be maken so like a dollars or another currencies nobody would buy this

[goldreset]

Since this thread is under "Economy", i gona say this: it's all about supply vs demand; demand vs supply.

I don't think the intent of paper money creation was to scam. Imagine yourself having to transport XXXkg of coinage vs transporting XX pieces of paper with equivalent value of XXXkg of coinage, or gold ingots even... paper is definitely easier to transport.

Well, since its easier to transport, its also easier to be abused. From ancient time till now... at every age and transition.... there always are people groups or institutions who will use whatever medium of exchange to exercise their greedy intent.

Banks... however... aren't just what you can see. The more scary thing is the person behind these 3 banks. (You know who they are)

Nevetheless... what I would do as an individual... its to understand how crypto can influence the majority, and act on what i deserve more as a person who can control my own financial well being.

That's more important.

Side note... the word "Bankrupt" came from the word root word "Bank" i believe. ☺

Agree with what you said.

And cryptocurrency is something which has the potential to help people to be their own bank. There is no reason why we should be lending money to the banks. I am foreseeing a greater depression/crisis coming within the next 5 to 10 yrs.

[Spaffin]

I disagree with this statement. The monetary system has been formed over the past two millennia. This is just what we know. It is a good development of the previous experience of mankind and, in principle, is well suited for the current use. Of course, in our world nothing is perfect. However, paper money was and will continue to exist for a long time. Apparently, as long as there are different states in our world with their conflicting interests.

[SirLancelot]

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.

You’re wrong, everything that has to do with money, including fiat and cryptocurrency, are all the same thing and human beings are just enslaving themselves.

Just imagine in a world where there is nothing like money and people shares things and nobody is greedy, that will be a better world than what we are living in today, a world where all you’ve got to do is search for food and nothing else. This time around we just enslaved ourselves due to this thing called money, which is also the root of evil.

[ThankThake]

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

Yes, it is there especially with new coins in forms like price manipulation. There are some other problems like uneven price movement of crypto and so on. But there is solution to it as well like we can have some sort of regulation. If we compare crypto and cash based on transparency alone, crypto is miles ahead. Everything is recorded digitally forever.

And this scam basically arose just because of these new coins. They don’t have basic load for their projects nor they have good base still they are upgraded in market. Their launch defames crypto.

[walemil]

The government doesn't want freedom for you. They want to subject you to their tough and unreasonable economic policies and earn from the job they did not provide for you. Virtually everything about government is scam. Cryptocurrency is offering you a big relief.

[Snaic]

Paper money is not a fraud. This is a good and generally convenient form of financial relations in society. In order for us not to have a medieval form of barter relations, humanity needs a measure of value and its equivalent. Such equivalent is paper money. They are issued by states for the amount of material resources available in the state. Of course, as elsewhere, not without abuses and corruption. However, to say that paper money in general -  cheating, that's stupid.

[kram31]

I dont see FIAT as a scam, it is another milestone for humanity to have a good currency.
But the government and banks make it a scam.
People are good in using paper money, it is the currency of the world for a long time.
But those elite people use this one to be richer and poor gets poorer

[St4yInTh3D4rk]

Maybe it is the greatest scam ever because it is a paper and printed by banks not by governments and they say it has value so we all are working for their paper so which is similar to be a slaves.People still not understand anything because people are just like sheep they will simply follow the others and what they had been doing in their life time,maybe decentralized monay on the hands of people is the real freedom to the mankind.

[Quidat]

Lazy will always gonna find it's way to gain what they wanted in an easy way may be in good or bad terms. And this is what actually is happening in our society where people in higher positions tend to scam people and not just people with a higher rank but to those people who does make an effort to execute their scam.

[henrique2018]

I would always choose freedom from financial institutions. They just want to control us. Bitcoin is a good instrument for fighting against this control.

[airdropcoin]

This is not true. The birth of banknotes has enabled human civilization to make rapid progress. The greatness of the birth of banknotes surpassed the birth of Bitcoin. However, due to the development of capitalism, most of the money has been concentrated by a few people, so banks can only release the risks of the economic market through depreciation. Such problems are common all over the world. Except for Japan, the distribution of other wealth is chaotic.

[nickvesion]

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.

crypto world is the world for scam, not only paper money. You should have a better look.

[Ozero]

This is a stupid statement to consider fraud and scam cash national money of the state. What would anyone say here, and this money is the result of improving the means of payment for at least two thousand years. The simpler the system, the more reliable it is. It is impossible to rely on complex technical means, they can fail at once and mankind can simply die, as it was already more than once from previous civilizations. Still, people do not learn anything.
The cash of the states as one of the most perfect forms of financial settlements will exist as long as the states themselves exist.

[alex_gr_cc]

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.

This idea is discussed by Robert Kiyosaki in his book "Second Chance". I agree with him. In addition, Kiyosaki responds positively about cryptocurrency. But he still prefers investment in gold.

[BartS]

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.

This idea is discussed by Robert Kiyosaki in his book "Second Chance". I agree with him. In addition, Kiyosaki responds positively about cryptocurrency. But he still prefers investment in gold.

I have not read that book from Robert but I have read some other books from him and I like the fact that he is open about new stuff unlike other people, it is fine if he prefers gold over cryptocurrencies at least he is not like most gold holders that hate bitcoin, personally I like both, I like cryptocurrencies and gold but I prefer cryptocurrencies since I see many advantages that cryptocurrencies have and that gold will never have.

[seleme]

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.

This idea is discussed by Robert Kiyosaki in his book "Second Chance". I agree with him. In addition, Kiyosaki responds positively about cryptocurrency. But he still prefers investment in gold.

I have not read that book from Robert but I have read some other books from him and I like the fact that he is open about new stuff unlike other people, it is fine if he prefers gold over cryptocurrencies at least he is not like most gold holders that hate bitcoin, personally I like both, I like cryptocurrencies and gold but I prefer cryptocurrencies since I see many advantages that cryptocurrencies have and that gold will never have.

Financial freedom is the key to live without being to slave for government or companies. There always will be teachers,doctors,engineers if you think who will work for others in case of everyone gonna to live in "financial freedom".Greedy people always find the way to destroy any kind of socialist plans.

[cryptokingdom]

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.