ADSactly on ADSACTLY - part #24

adsactly (80)in #adsactly • 7 years ago (edited)

ADSACTLY on ADSactly logo blog 24.jpg

ADSactly on ADSACTLY - part #24

Did you ever ask yourself what money really is? Looking at it, we see only a bunch of hi-quality well-printed paper with no sustenance. The power money is wielding lies in perceptions. It is a product of a complete illusion. It is only real because we decided to believe in it but, believe it or not, the whole concept of paper money is actually a lie.

Read what Wikipedia says about money.

Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context.The main functions of money are distinguished as a medium of exchange; a unit of account; a store of value; and, sometimes, a standard of deferred payment. Any item or verifiable record that fulfils these functions can be considered as money.

"Verifiable" by whom?

Money is historically an emergent market phenomenon establishing a commodity money, but nearly all contemporary money systems are based on fiat money.Fiat money, like any check or note of debt, is without use value as a physical commodity. It derives its value by being declared by a government to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private".

Read this part again: "It derives its value by being declared by a government to be legal tender." Declared by a government...must be accepted... What happened with "chosen by the people of their own free will"?
Yeah, right!

source
Song Dynasty Jiaozi, the world's earliest paper money

What it comes down to is following:

At some point in history, rich guys in power decided that barter doesn't yield any tax money and that there is not enough piece of pie for them if everyone successfully bartered their goods within a community. So it had to be stopped and replaced with precious metals which actually had real-world value and were used daily. Gold and silver were especially praised throughout history and it wasn't only because jewellery was made from them. And they were so nicely taxable by a government and the church, as well.

source

Supplies of gold were limited and in time its value went up and up. Something had to be done in order to keep the value circulating. On a bright morning, a wiseass got an idea: Why not exchange gold and silver and the rest of precious metals with plain paper and stash the real valuables away from the people? Wow! What an idea. Let's make the same thing you wipe your ass with appreciated just as much as gold. And you can also get others to work for you and provide real-world goods and values in exchange for colourful papers you'll print from a high stand of authority.
The grandest illusion of them all was set in motion.

But, even that wasn't enough. In the beginning, nobody was stupid enough to believe in the value of paper and exchange their gold for it without strict rules and regulations. So they made the rules as to make everyone happy to part with their metals. The number of printed papers was limited and its value had to match the value of gold and silver governments stashed in their vaults. But soon, there wasn't enough paper to go around for everyone who wanted to amass wealth, so the grand illusion had to become even grander. First the silver, and then the gold standard were both abolished. What an achievement! The printing machines don't need to be turned off anymore. A wonderful thing to be aware of, isn't it? :)

Today fiat money has no real value at all. But it does pack value only because the guys in power say it does and the masses choose to believe them. But, no wonder we do. The conditioning is strong and starts from very early age. Mom and Dad bought toys with money, they needed to work hard for their money, things fell apart when there was no money, you got to work your entire life to pay for your house because your house is not yours. Your house belongs to the bank. You are IN DEBT until you die. In debt? Debt to whom? Who wants you to feel enslaved by debt and why? Maybe so that you are easier to keep under control? What an illusion! Why on Earth did we choose to believe all that nonsense and what a wretched game we decided to play along with the dungeon masters...

source

Let's read Wikipedia some more:

The money supply of a country consists of currency (banknotes and coins) and, depending on the particular definition used, one or more types of bank money (the balances held in checking accounts, savings accounts, and other types of bank accounts). Bank money, which consists only of records (mostly computerized in modern banking), forms by far the largest part of the broad money in developed countries.

Meaning: money in the banks doesn't even exist on paper, anymore. So this is another step further in proving how stupid we are for believing this illusion. In "developed countries" they don't even bother to print money anymore but rather "create" it out of thin air.

Cryptocurrencies are a solution to this. Believe it or not, they are virtual but at the same time much more real than the paper money you hold in your hands. If, for a brief second, we decide to think rationally - would you rather buy something augmented by tenfold as zeroes on bank accounts; or something with a limited supply and constantly growing value controlled by no government? I think you know the answer. It is the time we stop believing them and start believing ourselves. Buying and selling things with crypto is a way to liberate the world from the oppression of illusionists who rule your lives for their own benefit.

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, ADXDU, ADXWU, ADXFU and now we will continue with ADXIOU (ADSactly I Owe You Units). This unit may be bought and sold on OpenLedger.io against BTS (Bitshares) but it is mainly offered privately by community members as a ‘bonus’ tokens. They are similar to ADXCU but are not a part of the Share Drops.

The ADXIOU unit is a ‘bouns’ token. There is only a LIMITED NUMBER of 200 Million in existence, with no stealth supply. It has 4 decimals precision and, along with all other ADSactly units, may be burned for to increase value over time.

Members with these tokens get access to the services and consulting provided within ADSactly. Please, make sure you read and understand everything, before buying any of our units on openledger.io.

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.

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

#society #education #money #crypto

7 years ago in #adsactly by adsactly (80)

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socky (72) 7 years ago

One other value cryptocurrency provides is that it takes out the middle man (Banks and Credit Card companies). They use a system of electronic transferring of money. It all happens out of our control and many people often don't fully grasp that money with the banks is virtual anyway. Cryptocurrency puts the control back in the hands of the owner and gets rid of the high fees associated with banks.

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adsactly (80) 7 years ago

This is exactly what the post is about. :)

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