TJ Bakes | Publish0x

TJ Bakes

Crypto-Enthusiast, trader of all types of securities for many years. Bit of a tin-foil hat wearer but truly believes Cryptos can be used as a force for good in providing anonymity and liquidity to those less fortunate in the world

Publish0x Member Since October 2020

17 Following 0 Followers

TJ Bakes

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CRYPTO 2 METAL Liquidity- BTC ETH 2 GOLD or SILVER

16 Oct 2020 thunderboltkid

17 October 2020
That's a very well reasoned response and I wholeheartedly agree with you, the monetary system will collapse, I believe that's why they are printing so much to prop it up. I too smelt something fishy with DeFi and it annoys me seeing massive companies invest heavily in Cryptos taking away the financial bargaining power of the ordinary man/woman. Obviously precious metals will always be a good bargaining chip for us. A great reset is indeed on the way, hell Davos (the international meeting of the world's biggest corporations and heads of state and celebrities, headed by the World Economic Forum) even keeps saying we need a "Great Reset" using eco-facism as a cover story. Lastly keep up the great journalism and continue covering stories that many others in the cryptosphere refuse to acknowledge or maybe even realise. You have my gratitude and admiration. Kudos

CRYPTO 2 METAL Liquidity- BTC ETH 2 GOLD or SILVER

16 Oct 2020 thunderboltkid

17 October 2020
Just wanted to say there is no reserve amount/percentage, most central banks have admitted this including the Bank of England. In fact most "money" in circulation isn't even that printed stuff we usually think of, you know, cold hard cash. The Bank of England admitted back in 2016 that most money in circulation isn't even created by them using the reserve system. Research Professor Richard Werner's work (also watch his feature length "Princes of the Yen" documentary available on YouTube). Most fiat currency creation today is done via the average high Street banks, the Santanders, HSBC, Lloyd's, Barclays of the world. It is created when we go in and ask for a loan. An accounting trick is used and the bank "purchases" the loan contract from you (as a loan contract amounts to a security instrument) they then hold the security as an asset on their balance sheets so they've now got "x" amount more, the number you then see in your bank account is nothing more than their liability to you. Remember all money is debt as signified by the "promise to pay the bearer on demand the sum of" so and so, on the notes. How is the money made? Well its literally just typed up on a screen. Well how much can they loan out? The amount is infinite as they can always issue new currency using loans securities as collateral. This only becomes an issue when bad debt is created, you know the kind that led to the 2008 financial crash with the bad bundles of mortgage backed securities. If you can't pay back loans and default it begins to set off an endless cycle of defaults. We need responsible lending but that won't happen as the banks are greedy and they still win because they've become too big to fail and therefore have to be bailed (of course at the taxpayers expenses). ITS A WIN/WIN WHY WOULD YOU NOT IF YOU WERE A BANKER!

How to Earn Crypto by Publishing AND Reading Content on Publish0x - a Simple Mini Guide

26 Nov 2018 Igor Tomić

07 October 2020
Thank you for the response and for the honesty. This is a fantastic platform and I hope it becomes just as good if not bigger and better than you and the team plan for it to be. I look forward to seeing it grow and flourish in line with the entire crypto industry. Peace out ✌️

How to Earn Crypto by Publishing AND Reading Content on Publish0x - a Simple Mini Guide

26 Nov 2018 Igor Tomić

06 October 2020
Loving Publish0x so far I just have one question out of curiosity and it's nothing major if it cannot be answered for some reason. How exactly does publish0x make their money? I mean the funds for tipping have to come from somewhere right? Is it through paid for articles/ad space. Otherwise everything else is fantastic.

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