Paper Money - The Greatest Scam

[SCheek]

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

[boltz]

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.

[allthingsluxury]

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

[reality18]

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.

[Vaculin]

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.

[tisoysoy]

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.

[DAVETUN]

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.

[Ranly123]

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.

[Pattart]

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.

[BartS]

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.

[akram143]

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.

[playboy654]

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.

[awik p]

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

[deisik]

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

[erikoy]

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.

[mornabo]

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

[Ozero]

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 don’t think paper money is a scam. Such money, at first not even on paper, has existed for almost half a millennium and has completely justified itself economically. If you follow all the rules and do not print extra paper money, then they are fully justified and contribute to the growth of the economy of any state.
The argument that paper money is the path to slavery has no objective justification. Paper money has been and will be used for a long time in any state.

[shield132]

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.

Has the fact that bankers charge interest to do something with paper money? Won't they do the same on crypto? They even require much exchange percentage on crypto rather than on usd/euro for example.
But the paper money is scam for one thing, inflation, why sometimes 1$ is 1.5$ and sometimes 0.5$? Governments print a lot of money and then we have to pay for their debt, so it's scam in overall and government is scammer, taxes alone aren't enough for them. We need something with limited quantity and bitcoin is best for that.

[Oilacris]

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 don’t think paper money is a scam. Such money, at first not even on paper, has existed for almost half a millennium and has completely justified itself economically. If you follow all the rules and do not print extra paper money, then they are fully justified and contribute to the growth of the economy of any state.
The argument that paper money is the path to slavery has no objective justification. Paper money has been and will be used for a long time in any state.

It isn't a scam literally but on the sense on how fiat does control the entire society then you will surely understand.

[STT]

Its a deception, not so much a scam so long as society is a democracy then we only have ourselves to blame for allowing this poor system to go on existing year after year and decade after decade continually losing value and causing us all to be poorer and more dependant on government.
   The reason its occured is in conjunction with the welfare state I think, if we switched to a one income system where all citizens have a similar basic income then we have a system which is equal opportunity for all.   At present large government I think is helped created by the idea every citizen is owed something, if it was made into a simple flat level income then we can stop spending time deciding who is more worthy and give everyone the same level to start from which is just enough to eat and survive.
     Government cannot meet its obligations, thats the base line now especially in pensions and future welfare payments so all it can do is commit to pay this nominally but not in value and this destabilizes all business unfortunately.

The biggest owners of QE programs continual debt is the pension funds operated by government, they are obligated to purchase by same government which runs a deficit budget every year every decade.   The next logical step is to force every pension plan public or private to buy government debt and convert all their holdings to bonds.   Its not here yet but in theory its impossible for government to become insolvent or bankrupt if they can force action like this, value of course is undermined.