The definition of money has changed. The reason that the government prints so much money but so little effectiveness to help the entire economy tells you that the money that is printed has so little definition of what it is intended to spend. Or in the other words, those printed have been wasted and end up in the pocket of the rich again.
Money in the traditional sense
When you hear about money, you feel that you can use it to exchange for anything. That is still the case. However, the power of purchase has decreased year by year. Have you ever wonder why that is the case?
Purchasing power decreases
Economists will argue that purchasing power decreases because of the rise of inflation. The central bank purposely set 2% as the target inflation rate to artificially inflate the economy.
Definition of money becomes more specific years by years
What really happens is our knowledge of money has become more and more specific year by year. With the support of technology and complex social evolution, the power of money shrinks because we realize that our money cannot buy everything and it is getting harder for society to progress.
Knowledge is money
In the past, knowledge is money. Thinking about the book you read, you want to gain knowledge so that you pay the price for it. You want to use a computer, you need to pay and own one to gain access.
Information is money
Since the internet booms, information replaces knowledge and becomes money. Data that stores critical information is the most valuable.
Money is a medium of exchange
Money is a middle man. It is a medium of exchange between any type of trade. Whether you want knowledge or information, you need to use a medium of exchange to receive it.
Money becomes ineffective due to oversupply
Money becomes more and more ineffective because there is more money circulating in the system. Knowledge and information supply are fixed but the money supply increases multiple times.
The money we used is only to delay of debts due
The government prints more money just to delay the national debts. We need to pay debts off but we do not have a specific due date to pay off as long as we have enough money to pay off.
The world borrowed too much money
The world has so many debts that they are out of control. There would be no way to pay off debts but print more money to pay off.
Everyone knew we were doomed but we do not know when
There is an end day as we all knew it will come. However, no one knows when it will come. One day, governments will go bankrupt and print more money will no longer work. We just don’t know when the day will come.
Cryptocurrency redefine the money
Cryptocurrency clarifies money and categorizes its functions and features. Bitcoin is inflation resistant because of its capped supply at 21 million. Ethereum is internet money that creates an internet blockchain system that people can utilize tokens in smart contract transactions with specific tasks.
Cryptocurrency can pay off debts
As cryptocurrency becomes more valuable, it may use to pay off debts or extend debts due day by creating liquidity.
In conclusion
Cryptocurrency refined the money and the world is slowly adapting to the change. One day, the government will stop printing money because it will no longer work. We may need a solution and cryptocurrency can be the one to rescue.
Photo by Matheo JBT on Unsplash
Note: the post was shared on multiple platforms.
Related articles to reference here ⬇️⬇️:
-------------------------------------------------------------------------------------
Stablecoin
Stablecoin is Not So Stable
Stablecoin: We Ever Need Them More Than CBDCs
Poker Chips Economy
-------------------------------------------------------------------------------------
CBDC
CBDC: Stablecoin 2.0 or Stablecoin Killer
Chinese CBDC: the Ultimate Financial Weapon or Just another Copycat
CBDC vs Cryptocurrency: the War of Privacy
Game of Three Kingdoms: CBDC vs. Cryptocurrency vs. TechCoin
Why Crypto Got So Political Suddenly: The Beginning Tale of Government Crypto Surveillance Program
CBDC's Cross Border Payments System: Worse than Crypto
CBDC is Likely Only Last for 10 Years
Cryptocurrency Coexists With Fiat From Now On
-------------------------------------------------------------------------------------
Defi
DeFi Swap: Great Returns come with Great Cost
Defi: A Rainbow 5-Layers Cake
Robot Sucks: How Lousy Jobs AMMs Did to Ruin the DeFi
Defi Winter: What May Come After the Bubble Pops
-------------------------------------------------------------------------------------
Defi Manual
Defi Manual: Part 1 - Cefi vs. Defi
Defi Manual: Part 2 - Regulations
Defi Manual: Part 3 - Financial Weapons
Defi Manual: Part 4 - Market Manipulation
Defi Manual: Part 5 - Synergies
-------------------------------------------------------------------------------------
Inflation
Inflation vs. Bitcoin: How Speculation to Hedge Inflation has Failed in Short Term but may Create Opportunity in Long Term
Hypothetically, What if the Fed Fails to Control Inflation, Will Crypto Save Us?!
Currency Debasement: Cryptocurrency Inflation Hedge Hypothesis Still Hold
-------------------------------------------------------------------------------------
Gold
Gold vs. Bitcoin: Digital Twin or Enemy
-------------------------------------------------------------------------------------
Volatility
Volatility of Bitcoin: Threat or Opportunity
-------------------------------------------------------------------------------------
Recent News
Lesson Learn from Robinhood IPO: Era of Crypto Exchange Comes to an End or a New Beginning?
City Coins: Are they the Era of New Coins?
The End of Era for Crypto Exchange Platform?!
Crypto Hacking: How Did it Really Happen?
Jack Dorsey’s Ambitious: Twitter wants to Become a Place of Freedom of Speech
Legendary Hacker: the White Hat into the Rescue
The Future of Cardano: as Clear or as Uncleared?
Patent the Blockchain: the Nonsense Action Shows a Worry from Big Tech Companies
Forget about Trade War: New Era of the International Trade
Epic Games vs. Apple: Tech Companies Crypto Adoption May Begin
Litecoin Fake News: How Fake it is?
Robinhood vs. Coinbase: The Future of Crypto Exchanges
What Have We Learn From Twitter Bitcoin Tipping Integration
Future Consensus Algorithms Power by Influencers or Capable to Resistance of Quantum Attacks
So the Stock Market is Rigged, Then What?!
What Have We Learned from Facebook Outages
The Fed’s Concern Reveals the Crypto Future
-------------------------------------------------------------------------------------
China FUD
China FUD: Are We Done Yet?
Bitcoin Mining Recover?! The Chinese vs. The U.S Strategy of Blockchain
Red Alert: Lesson Learns from the Nearly Cashless Nation
Have We Ever Learn Anything from 2008?! To Print or Not to Print?!
Crypto's China Syndrome May Never be Recovered
End of the Big Bank Era
China Ban Ban Bang!
-------------------------------------------------------------------------------------
SEC FUD
SEC vs. Ripple: the Endless Game of War
SEC vs. Defi: What is the goal of the Defi?
The SEC Defi Investigation: The Decentralization Theater
Coinbase Regulation Probe: The Future of Crypto Lending
-------------------------------------------------------------------------------------
NFT FUD
NFT: Digital Solution or Delusion?
NFT: The Future of Gamers' Assets
NFT Bubble: Does it Really Matter ?!
NFT Bubble May Just Almost Pop
Are We Popping NFT Bubble Yet?!
-------------------------------------------------------------------------------------
FOMO FUD
The World Without An Expert: Expert ≠ Rich
Satoshi Nakamoto's Statue: Should We Worship Him/Her?!
Tech Coin: The Coin We May Not Want to Own
Crypto Companies: Another Tech Giants or New Era of Tech
-------------------------------------------------------------------------------------
Miscellaneous
Where are We Position Crypto at : the Problem with Money and Wealth
What Categories Does Bitcoin Belong to or Does it Really Matter?
Quantum Financial System: The System Lost Itself in Quantum World
Crypto Hot Hub: The Best Place to become Crypto Incubator
Break the Fourth Wall?!
We Are Short for the Dollars: The Dollar's Liquidity Issue
Fiat vs. Crypto: Religion vs. Science or Vice Versa
Crypto Movement: From Consumerism to Anti-excess Movement
Wisdom from Steve Jobs to Satoshi Nakamoto
Technology Race: Quantum Computing vs. Cryptography
Fiat Squid Game: Crypto Comes for Rescue
Your Pet is Your Trade Partner
-------------------------------------------------------------------------------------
Bitcoin Digest
Is Bitcoin Untraceable Anymore?! It Depends!
Currency Comparison: Bitcoin vs Dollar
Bitcoin ETF May Not Be Such a Great Idea
Bitcoin Lightning Network Explain
-------------------------------------------------------------------------------------
Ethereum Digest
Ethereum London Hardfork: How Hard does It Actually Fork?
Did the U.S. government just thumbs up on Bitcoin and down on Ethereum after the London Hardfork?
EIP-1559: The Future of Ethereum Economy
Ethereum Got Update Bug: A Blockchain Synchronization Problem
Buterin's Regret: Ethereum 8 Co-Founder Things
Can Cardano Really Kill Ethereum?!
Cardano is Smoking or Vision the Future
-------------------------------------------------------------------------------------
Shitcoin Economy
The Legendary of Shitcoin: Meme to the 🌓 or Unique of 💎 or Simply just 💩
Crypto Economy: the Untold Speculative Financial System We will Live?
Shitcoin Economy: Part 1 - Category
Shitcoin Economy: Part 2 - Regulations
Shitcoin Economy: Part 3 - Environment
Shitcoin Economy: Part 4 - Technology
Shitcoin Economy: Part 5 - Detokenization
-------------------------------------------------------------------------------------
Doge Economy
Doge 2.0: Who Let The Dog Out?!
Dogecoin 2.0: Doge Breeder Era
-------------------------------------------------------------------------------------
Energy FUD
Bitcoin's Energy Concerns, Scalability and the End of Bitcoin Prediction
Unknown Author’s Hypothesis: Creator of PoW and PoS Hybrid Blockchain
-------------------------------------------------------------------------------------
Tokenoconomy
Tokenism: An Old Idea Get A New Invention
-------------------------------------------------------------------------------------
Crypto-regulation
Legal Framework of Virtual Currency
The Cantillon Effect: The 18th Monetary Curse About to be Broken
-------------------------------------------------------------------------------------
Machine War
Artificial Intelligence vs. Blockchain: the Future of Machine War
Crypto War I: Birth of Public Key Cryptography
Crypto War II: Birth of Decentralized System
Crypto War III: Decentralized Hunger Game
-------------------------------------------------------------------------------------
Disclosure: The article was written by a delusional author who is possibly a nut job without any questions whatsoever about expertise in the subject matters. You should not believe any words this author wrote or you may experience similar symptoms or even possibly become a nut job.
