ADSactly on ADSACTLY part #21

in adsactly •  2 years ago  (edited)

ADSACTLY on ADSactly logo blog 21.jpg

ADSactly on ADSACTLY #21

Did you know that financial system in use today allows centralized banking institutions to loan out 10 to 12 times the amount the money they actually have on their deposits? How is this possible, you ask? Easy. Most of the money doesn't really exist, except in the form of numbers on bank accounts. With doing this, banking institutions actually increase the real money supply with non-existent money and artificially augment the people's ability to buy and sell.

The prerequisite for to do this was achieved by first abolishing the silver standard which was fully replaced by the gold standard in 1935, and then during the 20th-century countries slowly started to abandon the gold standard, so that governments could achieve greater control over their domestic economies.

How do we come into this? Well, quite simple. This part comes from Wikipedia and is so right on that I couldn't omit it:

According to research produced by the Bank of Canada, the emerging Bitcoin economy has many similarities with the economy based on gold standard, in particular:

  • limited and predictable supply of the anchor of the monetary system
  • no central bank or monetary authority controls the supply
  • low or non-existent inflation
  • virtually no arbitrage costs for international transactions
  • governments have less control over their domestic economies
  • governments lose seigniorage revenues that they obtain from the ability to almost costlessly create money

Edward Hadas and Michael Hiltzik noted that monetary systems based on Bitcoin and gold have some similar disadvantages:

  • independence from government
  • price declines
  • less spending during crisis times

George Gilder, a proponent of the gold standard, proposed breaking "the government monopoly on the money" by using a combination of Bitcoin for the internet and treating gold in tax terms as currency.

Do we need to say anything more or this is enough even for the most ignorant reader? If this is not enough, then what would it take to figure out that cryptocurrencies are the new gold of our times?

ADSactly society, as an independent issuer, has issued the following crypto tokens (society's units):

(all of our units exclusively start with ADX)

In the previous part we fully covered ADXCU (Community units) and now we will continue with ADXDU (Dolphin Units). The ADXDU unit may be bought and sold on against BTS (Bitshares). This unit represents a bit more valuable version of the community unit and also fulfils the purpose of buying and selling goods and services in-between ADSactly members or outside parties if they have the units in their possession. The basic minimum value od ADXDU (Dolphin Unit) is:

base values ADXDU.png

There is only a limited number of 150mil units with no stealth supply. The token has no decimals precision. This token, along with all other ADSactly units may be burned for to increase value overtime if needed.


We offer access to ADSactly training lessons, crypto trading consultations and instructions on many different aspects of the crypto-sphere. In the ADSactly society, you will always find people who will be willing to explain everything in exchange for this or any other ADSACTLY units in great detail. Please do not mistake serious paid lessons for a free and open-hearted advice which we will gladly offer for free.

If you are interested in joining the ADSactly society, please read the series on ADSactly from the beginning. Have all of your questions answered in advance.

ADSactly on ADSACTLY Part #1
ADSactly on ADSACTLY Part #2
ADSactly on ADSACTLY Part #3
ADSactly on ADSACTLY Part #4
ADSactly on ADSACTLY Part #5
ADSactly on ADSACTLY Part #6
ADSactly on ADSACTLY Part #7
ADSactly on ADSACTLY Part #8
ADSactly on ADSACTLY Part #9
ADSactly on ADSACTLY Part #10
ADSactly on ADSACTLY Part #11
ADSactly on ADSACTLY Part #12
ADSactly on ADSACTLY Part #13
ADSactly on ADSACTLY Part #14
ADSactly on ADSACTLY Part #15
ADSactly on ADSACTLY Part #16
ADSactly on ADSACTLY Part #17
ADSactly on ADSACTLY Part #18
ADSactly on ADSACTLY Part #19
ADSactly on ADSACTLY Part #20

Every honest individual with good intentions is invited to join and offer skills, knowledge, energy, time or resources for various ongoing projects within ADSactly society. The channel is here: ADSactly and you are welcome.

Go Adsactly

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If everyone were to try to withdraw their fiat currency from the banks, there would not be enough to go around. They've been creating money out of thin air for years. Amazing post and I read part 1 of your ADSactly series and I am a bit speechless by your project. Just wow. Very good.

But they could just print more, couldn't they? Just "borrow" some money and promise to destroy it afterwards? Perfect prank:p

Absolutely! Comes with extra debt too! It's a win/win for the fed.

seems very intersting :)

Love your post and just started to follow your society, would dwell more to increase my knowledge on your project..
Burning token to increase value, that is really interesting and opposite to the current FIAT system...
FIAT also introduce debt ceiling, quantitative easing and etc to make it more scam...
150 mill limited token of supply, jezz this is getting more exiting to really value money as it supposed to be valued.. nice project, would learn more.. :)

Hello sir i am new user plss folow me back pl

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Appears price differential between ADSX types are roughly managed by supply

Your article is straight to the point. I dont belong in the business and economics career but it is fascinating to learn about cryptocurrency.

Very interesting article

Everything should be made as simple as possible

They try to make everything complicate so no one can double check what they are doing. Every new law like a thousand pages

Reserved read it!

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Everything should be made as simple as possible, but not simpler.

- Albert Einstein

Did you know that financial system in use today allows centralized banking institutions to load out 10 to 12 times the amount the money they actually have on their deposits?

You pragmatically highlighted the benefits that accrues from decentralized system unlike conventional centralized financial system which has manipulated quite a lot of financial figures from clients.
Thanks for the awesome article

Fractional reserve system. Happy it is coming to an end.

The question is, how to position your wealth? Metal, crypto, property?

Hello sir i am new user plss folow me back pl

Agree. And this crypto newbie is learning. Tell me a little bit more about metal. If you don't mind.

One of the best article on my list for today...just to be update.. To learn new thing to always it good to be informed

Thanks for informative content.

Very informative and educational tropics. Wants more from you. Thanks a lot.

good good article

the gold standard that was used then is no-longer existing

but it will tack time for Africa banks to believe

Seems good

Very informative. keep it up

Very useful information .. such a community will be useful to many people.

please give me upvote ragular bro

  ·  2 years ago Reveal Comment

Bitcoin fits perfectly into the needs of our modern world. Fiat money is archaic and is fast loosing its capacity to fulfill its role as money.

Fractional banking shenanigans always sound shady to me.

Fortunately its becoming easier to opt out of the cartel system.

the article is very important for us
thak a lot

since i found out and enjoy steemit i 'm keep trying to found good information about that i hope could help me and you to there dear steemit coummunity to improve our coummunity we need to bout hands together work with each other give information follow upvotes to all people we know and we don't know this is my strategy i wish could help me to reach my needs and all of you there pleas followme @alhmali lets do it we can help each others steemit @alhmali

Nailed it. Period.

I agree, haha

your post is very interesting, I like your post, because it can add insight to me, hopefully in the future can provide better postings, so I can know many things in my life, thank you very much. and also hopefully useful for other stemit friends.

So nice and very interesting post.

It's very interesting article i would love to follow your soiety keep going

very informative blog and educational topics.and happy for sharing with us @adsactly

This post was very informative thank you for sharing
you have my upvote plus a resteem

Nice piece

Good article. Please up vote me sir

Interesting, thoughtful and educational article. Thank you 👍