I would be happy with a move to hard currency( Gold/silver/copper) but digital coinage Is a term with no meaning. A coin is a physical item of known substance and worth that can be transferred from one person to another without any counter party's permission. What we have now is the fiat digital dollar along with debased coinage and paper currency as physical adjuncts. The move to fully digital system is what the government wants as it would allow tracking and taxing of all transactions. The gray and black markets depend more on the physical currency side. The fed wants to keep collecting interest on the digital and paper dollars it creates. I believe that the people will be always loose out as that is what has been happening since 1913. Can you point out any movement toward returning value or control to the people?
Why should this have anything to do with the US Government? Kinesis is a solution that allows you to store and exchange value via a digital token backed 1 to 1 by PM held in audited storage. You can go from crypto to PM Token and back. You can peer to peer transfer value in any digital token you want to. As I asked before show me one step taken by the Treasury, Central Bank or US government where they returned power, purchasing power or anything of value to the people?
If we owned the rights to all US coinage what happened in 1964? Did the people want the coin act of 1965? Why do we have the current system? Because it serves the interests of those who wish to exercise power. There is no incentive to return power the people and the people are to distracted and ignorant to even know that they should ask. The education system is just another part of power projection. There is a reason that monetary history is not on the curriculum. Show me the incentives and I can probably give you a good guess as to the outcome. On the current trajectory It will be the system of total digital social control.
I would be happy with a move to hard currency( Gold/silver/copper) but digital coinage Is a term with no meaning. A coin is a physical item of known substance and worth that can be transferred from one person to another without any counter party's permission. What we have now is the fiat digital dollar along with debased coinage and paper currency as physical adjuncts. The move to fully digital system is what the government wants as it would allow tracking and taxing of all transactions. The gray and black markets depend more on the physical currency side. The fed wants to keep collecting interest on the digital and paper dollars it creates. I believe that the people will be always loose out as that is what has been happening since 1913. Can you point out any movement toward returning value or control to the people?
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Why should this have anything to do with the US Government? Kinesis is a solution that allows you to store and exchange value via a digital token backed 1 to 1 by PM held in audited storage. You can go from crypto to PM Token and back. You can peer to peer transfer value in any digital token you want to. As I asked before show me one step taken by the Treasury, Central Bank or US government where they returned power, purchasing power or anything of value to the people?
...
If we owned the rights to all US coinage what happened in 1964? Did the people want the coin act of 1965? Why do we have the current system? Because it serves the interests of those who wish to exercise power. There is no incentive to return power the people and the people are to distracted and ignorant to even know that they should ask. The education system is just another part of power projection. There is a reason that monetary history is not on the curriculum. Show me the incentives and I can probably give you a good guess as to the outcome. On the current trajectory It will be the system of total digital social control.
0.00 SBD,
0.27 STEEM,
0.27 SP
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