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Author Topic: Paper Money - The Greatest Scam  (Read 3273 times)
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January 27, 2019, 10:51:00 PM
 #141

Mild simplification but a limited capacity blockchain seems to be the way forward for economic independence.

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January 27, 2019, 11:27:52 PM
 #142

Scam is too much of an accuse against paper money even if we know that their future can be limited. Don't forget however that still in our day fiat is the major trading globally as to many economies are floating around paper money. The other part is that Bitcoin is coming hard and is trying hardly to get a reputation of a global use currency with mass adoption.


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January 28, 2019, 12:49:57 AM
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 #143

ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.

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January 28, 2019, 01:05:39 AM
 #144

ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.
Why do you think Paper money is scam? It has contributed a lot to the economic development of many countries. It was created to modify trading when mankind started with barter trading. Although it has got some disadvantages like subject to wear-and-tear and ability to be counterfeited which makes all digital form of currencies including cryptocurrency a modernized form of payment, i would attribute scam to it.

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January 29, 2019, 06:22:51 AM
 #145

ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.
But they are controlled by the government, it's hard to fight the corrupt people when they are the one who govern us.
We know it's scam but we are living in this corrupt world, they will still prevail but at least crypto was created and we were given a chance to enjoy it.

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January 29, 2019, 09:53:22 AM
 #146

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 really confused how could you say about that thing. Fiat or paper currency are we usually used in our daily living since decades. I doubt if you haven't scam before on crypto because i think its more scammed happened on this crypto world rather than in real world currency.
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January 29, 2019, 04:17:02 PM
 #147

The world is evolving and development always take over the present to deliver what the fututre holds, In time past, trade by barter is what is being used, whales always have leverage per time, cryptocurrency is here to revolutionise cash transaction, we must be position strategically to earn and be part of the next economic move.
I disagree that paper money is a scam, banks always provide a service before you can be charge.

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January 29, 2019, 11:35:32 PM
 #148

ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.
But they are controlled by the government, it's hard to fight the corrupt people when they are the one who govern us.
We know it's scam but we are living in this corrupt world, they will still prevail but at least crypto was created and we were given a chance to enjoy it.

It's true that being controlled by the government means it's hard to oppose what they are doing especially in our monetary systems. Yet can't agree that Fiat are scam, but the ones who are scams are the ones controlling it.

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January 30, 2019, 02:34:37 AM
 #149

Scam is too much of an accuse against paper money even if we know that their future can be limited. Don't forget however that still in our day fiat is the major trading globally as to many economies are floating around paper money. The other part is that Bitcoin is coming hard and is trying hardly to get a reputation of a global use currency with mass adoption.
Yeah I think so, we still use paper money for spending, and it's still worthed. why do we say it's a scam? the problem here is
why does this paper have value right? as long as the paper has a rate (according to their economy) it is legitimate as a means of payment.

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February 05, 2019, 10:35:46 PM
 #150

Scam is too much of an accuse against paper money even if we know that their future can be limited. Don't forget however that still in our day fiat is the major trading globally as to many economies are floating around paper money. The other part is that Bitcoin is coming hard and is trying hardly to get a reputation of a global use currency with mass adoption.
I do not understand why you do not think that paper money is a scam, if you were to print paper money then you will be accused of counterfeiting and you will go to jail but when governments print paper money then they call that monetary policy, you do not see what it is wrong with that? If governments can print as much money as they want then they can steal from all the people that are holding their fiat and that is why they hate bitcoin since they cannot steal from you anymore.
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February 05, 2019, 10:49:06 PM
 #151

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.
when people are not trusted paper money that's why cryptocurrency well developed like higher than we are expecting they says people are unsatisfied with the usage of normal paper currency and the cryptocurrency is not owned by anyone and it will be a good development also for the circulation of people society.

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February 06, 2019, 01:08:32 AM
 #152

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.
using paper money for a country will be not a good idea for the future generation because online transaction are improved much more than before and cryptocurrencies are the one of the greatest improvement here in this situation so my open and is the future respiration and the cryptocurrency economic and it will be possible very soon.

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February 06, 2019, 06:49:58 AM
 #153

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.
when people are not trusted paper money that's why cryptocurrency well developed like higher than we are expecting they says people are unsatisfied with the usage of normal paper currency and the cryptocurrency is not owned by anyone and it will be a good development also for the circulation of people society.
but now the opposite is true. many people lack trust in bitcoin, so prices continue to decline. whereas paper money is still as usual, used for daily use. therefore I think bitcoin as a complement to paper currency transactions is good, considering the fiat currency is difficult to replace by btc

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February 06, 2019, 09:31:14 AM
 #154

when people are not trusted paper money that's why cryptocurrency well developed like higher than we are expecting they says people are unsatisfied with the usage of normal paper currency and the cryptocurrency is not owned by anyone and it will be a good development also for the circulation of people society.
but now the opposite is true. many people lack trust in bitcoin, so prices continue to decline. whereas paper money is still as usual, used for daily use. therefore I think bitcoin as a complement to paper currency transactions is good, considering the fiat currency is difficult to replace by btc

I mostly agree with your point

But as they say, the devil is in paying special attention to detail. For example, there is only one Bitcoin out there (well, if we exclude from consideration all its ugly copycats, of course), but there is no one paper money as there are almost as many fiat currencies as there are countries in the world. So when talking about "paper money is still as usual", you should spell out which paper money or currency you refer to specifically. If you refer to Zimbabwean dollars, for example, this is simply not true



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February 06, 2019, 09:42:35 AM
 #155

It was bias the way OP deliver the options or choices. The idea was in favor with bitcoin. Yet, we all know how useful was the fiat money for now even if bitcoin has the edge over it. If OP will be given an option bitcoin or fiat money probably he/she will chose fiat money. What bitcoin could do for you if you will not convert it to fiat money? We should be practical for now and we know that fiat money is very useful when it comes to buying needs and wants. It is just that there were only few establishment accept bitcoin.

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February 06, 2019, 09:56:06 AM
 #156

ALL fiat currencies, throughout history have always failed and always will. They are a farce and a scam. They are corrupt and evil.
Why do you think Paper money is scam? It has contributed a lot to the economic development of many countries. It was created to modify trading when mankind started with barter trading. Although it has got some disadvantages like subject to wear-and-tear and ability to be counterfeited which makes all digital form of currencies including cryptocurrency a modernized form of payment, i would attribute scam to it.
I think because of inflation? we know that the price of living necessities such as food, clothes, houses, etc. will be increasingly expensive for fiat or paper money. in my opinion this is not a scam, but we know that from the beginning right? use fiat and paper money for payments not for the long term saving #imo

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