Money Worth Nothing
View this post on Hive: Money Worth Nothing
6 years ago in #crypto by joanstewart (65)
$1.04
- Past Payouts $1.04, 0.00 TRX
- - Author $0.81, 0.00 TRX
- - Curators $0.23, 0.00 TRX
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I don't really understand all of this, @joanstewart, but what I do know is that I am tired, really tired of having to pay the big boys to do things that should be really simple and inexpensive. Like banking. I am increasingly believing in the Mattrass Bank and Crypto. I am so jaundiced by what happened with state capture ..... The corruption has tarred those of us who worked honestly with government with the same brush and we are the ones who walked away having been screwed. I kid you not: when they choose to enforce contracts they do and that is how I lost money hand over fist - even though I was in the right. I was just too small - no clout to fight. Let alone energy, money or inclination. And then the work was not appreciated and was just a glorified tick-box excercise.
So......................
Yes, one does become tired of the tyrants, switch from one to the next with blinkers on well that is how I am beginning to feel. Work hard, do what you always felt was the right, then get kicked at the end of the roadshow.... eish!
Mattrass Bank a small portion sounds good, crypto is something to wrap the head around, could be good reason to read and learn. I stick/stay firm in my decision that blockchain technology in some form of crypto will arrive within the next 5/10 years when government and banking fraternity learn how to squeeze what they feel is their portion.
Have a great day @fionasfavourites living where you are now at least found some peace and quiet, one day at a time!
The Mattrass bank is great for the village where most transactions are still cash. I agree with you about crypto and I do need to spend some time reading and learning. In the meantime, I am here for the long haul.
One day at a time, yes! Peace, sometimes and quiet - most definitely not with the cacophony that is the guineafowl, birds and the frogs! LOL
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Such a sad story this Lady Joan and what a waste of what was once one of Africa's bread baskets. Just goes to show what happens when you get the land and you don't work the land! Maybe you are right and crypto could help them, but I have a feeling that as long as the fields lie fallow the problems will remain! Blessings!
Farming in rural communities bitcoin was starting to make in-roads into women farming is Zimbabwe. Wish media would report back on how initial testing is going from inception to current, would help others to find their feet on the African continent.
https://www.ccn.com/zimbabwean-women-farmers-accelerator-introduces-bitcoin-cash-alternative/
No idea why the media would keep it under wraps Lady Joan, but one thing that I do know is that they don't like good stories. Violence sells more copies!
Bitcoin is a long term hold for me. It should have more value in the future and even if it doesn't I still prefer it to the banks. Digital transactions are future and fractional reserve banking needs to stop
Once the powers that be manage to find how to implement hopefully not with greed attached I firmly believe this would be a more transparent, cheaper way to transact.
Very sad what's been happening in Zimbabwe, especially now with this hectic fuel increase, absolute madness!
But this is also happening elsewhere in the world!
Wish I understood cryptos more but I do believe it could be the answer to alieviating poverty and the banks and others who control money are behind the rapid fall in cryptos!
Historically seen human as greed, few enrich themselves leaving others living in squalor @lizelle
Working here in Steemit you are working with crypto, when you move the crypto back into local fiat for conversion through an exchange the cycle is completed.
Trading in crypto is similar to buying/selling stocks and shares, sell high, buy low. Not something everyone would become involved in, buying crypto in projects you believe would assist people in the future is more along the lines I look at digital money.
Very sad but true statement!
Using cryptocurrencies will be even worse.
When the nationally-owned national currency is run, because the country very weak, Can't stand the international storm, so the national currency collapses.
If the country uses cryptocurrencies that are not under state control,
the Small country can't keep a lot of it,
Because the capital of small countries cannot compete.
With the use of national currency, small countries only need to fight against some large organizations.
Using cryptocurrencies, small countries must fight against large organizations and fight against more small and medium-sized organizations.
so say Using cryptocurrencies will be even worse.
But if the cryptocurrency is only one of the national currencies, then it is ok.
Digital money was not developed to be held as a national currency, read about Venezuela launching Petro in February 2018.
Idea is to be able to cross borders, hold a better value (not being central bank controlled), transact cheaper, be international where checks and balances are spread throughout the world to keep the blockchain information (miners) working throughout the world, safety and security became the next feature that is being investigated, worked on.
Relying solely on local fiat has become a nightmare with governments and bankers printing more paper money to try hold onto runaway hyperinflation, committing country into poverty.
Sorry I do not agree with you, moving forward into the 21 century financial instruments need to change, digital money on blockchain technology if done correctly should work worldwide within the next ten years. This is my opinion @cloudblade each to his own.
The state and the bank print the banknotes, but he does not have enough gold to guarantee. Those banknotes are in the eyes of everyone. He is only the government in the set of money. If it is a good government, it is naturally no problem, but when the government is weak, it does not provide Enough gold to guarantee, how to trust it?
The same reason...
The issuer of the crypto currency, almost no gold is provided as a collateral, but the risk is dispersed in the hands of the holder, relying on confidence, when the holder has confidence in this crypto currency, it can Use, when the holder has no confidence in this crypto currency, it becomes a waste coin...
However, at present, there are organizations that have advocated that the crypto currency they issue will provide valuable assets!
crypto currency has been used for shopping for more than a few years. The reason why it cannot be widely used is that its value lies in the confidence of the holder, so the fluctuation is too large, many businesses can not afford its fluctuation, so it is impossible to accept the secret currency. Payment to shop.
The crypto currency is at the mercy of the confidence of global holders.
The nationally printed banknotes are at the mercy of their own national strength.
When the national strength is strong, the secret currency is not applicable.
When the national strength is weak, the crypto currency is very applicable.
For example, the US dollar is more useful than the crypto currency, and the crypto currency is more useful than some currency of small countries.
Fiat currency (paper) and digital money (FinTech) both on a trust factor in value, supply/demand. No fiat currency is backed by gold!
Source
We are at the mercy of governments, bankers locally, or looking after your own digital money doing research and investing wisely. We are all in the same situation, any fiat currency can go down the tubes at any given time.
The main reason I use digital coins is the fact that they are immune to the controls of the central banks.
thanks for sharing
Main reason I looked at digital money is due to high transaction fees, always being converted into USD$ when working 15:1 ratio with your local currency it is a lose, lose, lose @robertoueti
Totally agree...
I have some friends that transfer all money into bitcoin and them transfer again to some local currency that they will travel. I think that is amazing, since the tax are very very low.
That's right, My country is also.
When you go abroad with a salary of more than 3 months, you will be heavily taxed.
IF you transfer all money into bitcoin and them transfer again to some local currency that you will travel.
you only spend a few tax.
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