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RE: Featured Channel: Rethinking The Dollar
My intent is to introduce Mike and his channel to people seeking to expand their knowledge about our current monetary system.
Also I think it goes without saying that when a currency is valued based on ink managed by a government; the citizens are in for a bumpy ride. Having alternative currencies is important. Silver, crypto, tickets to World Cup games; people should be able to exchange value across borders without restraint.
All currencies are valued based on ink managed by a government. Maybe the Saudi Arabian riyal is based on petrol, but even in Venezuela, that has petrol, the money is based on ink now. Do you know another example?
The point I am trying to get across is that in our scenario it is gov't who wield power to adjust the ink. There are older scenarios (gold/silver) and modern potential scenarios (bitcoin/steem/bitshares) where the "ink" or value is fixed. People can plan their lives according to this solid foundation. It's money; it should be simple!