Recently, I have noticed how many things in the world are balloons, of all sorts. In this article I have described the most popular.
Absolutely any currency, regardless of whether it is virtual, crypto or fiat, secured and maintained by a state institution or by a private bank, or by mathematics, whether it be gold, silver, grain, or whatever is a little bit or a lot a balloon . There is no real connection with either wealth or abstraction value. Money is a kind of accounting book - a tool for measuring how much each person owes to society and how much the society owes him.
Philosophically, the notion of value is an abstraction of the mind, and as such, each mind can see it differently. And because of this, no scale or unit of measure will ever be absolutely true. There is a connection only when our consciousness, thinking and faith create this connection. What value does money have in all possible forms? They can not be eaten, you can not use them to get warm (yes, you can burn the paper, but how long will they burn?), You can not put them over your head as it rains. Only when another person sees "value" in them, you can exchange them for something a bit more real.
What is the value of the Bitcoin or the majority of other Cryptocurrencies? In its core, it represents zeros and ones without any real purpose beyond, storing value. Something that is done by the thousands of other things in the world.
What value would the gold of the world have if it comes together? You can not eat it, it does not perform any useful action. It would only shine bright and bright in the sun.
Ninety-nine per cent of the people know that the so-called "official" money - the euro, dollars, levs, and so on - are pyramids, but we do nothing about it and let ourselves be slaves to the system. The obvious pyramids are recognized by the need for new members to "feed" the old ones. New Members are promised passive income, financial independence and paradise on Earth. The "secret" in the financial pyramid is that certain institutions - countries and banks have the "right" to create money from nowhere - either through financial injections when the state or the central bank and the governors order or through the lending of private banks. If any of us create a lot of money, he'll be imprisoned. When someone puts money in the bank, it is legally obliged to keep only part of them as a reserve. The remaining percentages give them a loan. After turning into the system, a thousand dollars deposit becomes ten thousand. Another option is to create them from nothing, without any collateral. Who precisely controls banks not to do so? 2008-2009 saw that nobody and many of the world's central banks had to save red apples. In the digital world, creating new money requires simply dialing one digit in the computer.
An alternative to monopoly money has been called Bitcoin. Their amount is set to be limited by the mathematics programmed in the software and the software controllers are not one or two. One may think that there is not one or two in the banking sector, and yet the system is still working, although for most people it is clear that it is enslavement. For the time being, companies that receive new bitcoins are up to 20 against running the line software. https://blockchain.info/pools. They do not have the economic benefit of creating secret arrangements because the cost of the bitch depends on the confidence they have in the software they are running, and what remains after the software is publicly visible to everyone, and everyone can see and track the transaction history, unlike banks. Currently, the price per unit has risen to $ 4100. If tomorrow is understood to be abusive, if an exchange is hacked or a problem is found in the Bitcoin software, the price may fall to zero, but it may jump to the clouds if more and more people start using them. At the moment, if someone buys bitcoins, after one year the number of bitcoins will be the same, and their value in green money will be relative - relative to how many other traders are willing to trade. There may be more, maybe less - no one can say for sure. The fiat money, however, if held in a bank, after one year, except that their purchasing power would be lower, would be even less as a quantity because of the fees of the banks.
I am not a solid supporter of any currency, because no matter what value is stored, if this abstraction is the only thing in the life we are aiming for, our life will go into getting a figure in the book, part of which will sink In our natural and to a lesser extent in our artificially created needs. Money is not the only resource, the only variable in the game called life and can be achieved in thousands of ways. The time we live in is relatively limited and, in the end, it's more interesting to make something more meaningful while we're here.