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 OpenLedger.io 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:
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.
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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.