15 Comments
User's avatar
⭠ Return to thread
Paul Grignon's avatar

We can't solve our problems with the same thinking that created them.

How stable, non-centralized asset-backed money CAN be re-invented described in great detail. See moneyasdebt.net

The author wrote: "For this reason, crypto experts tell Revolver that “true-believers” in crypto often turn a blind eye to the dark and damning questions surrounding Tether due to the implications this would have on the entire crypto project."

The whole world, due to its fundamental ignorance of what conventional money is, fails to understand that ALL speculative crypto is "fake money creation". It is theft for the same reason counterfeiting $100 bills is theft.

Bitcoin and all such cryptocurrencies are theft

http://paulgrignon.netfirms.com/MoneyasDebt/2019/cryptocounterfeit.pdf

The simple and unavoidable truth is that such cryptocurrencies lay their claims on limited real world production in with the claims in conventional money of those who actually produced it. This is dividing the same pie into more pieces, the fifth piece being unearned, i.e. stolen.

Expand full comment
ErrorError