Sirwin
Sirwin

Crypto vs. Fiat the real stake?

By Blurryface | Mining the etherium | 24 May 2021


So as in life and in death we die slowly fighting off oppressors till you take one on that nearly defeats you and the rodent buzzards come and finish the job… that being said.

 

So this is my new take on the digital world…

 

Currency to be exact…its a shape..comes in round square triangle any shape is priced and handed to consumers.. a 1 or 0 is a shape one round other a rectangle trapazoid to some..but i digress

 

You have new manufacturers all the time.. coins go up coins go down… 

 

They have a certain amount in circulation…

 

Now take into account the stock market…

 

Person with the most stake owns the company…

 

If a person buys out a billion coins at .002 cents it's now their personal bank account… 

 

The average holder with no real stake in a company buys out in a week…

 

 If you look at the statistical nature of the stock market then you would know organizing companies; Buy and sell certain times, during the year, causing prices to drop.. raising them is about limiting liabilities…

 

Back to previous statement:

If you were a billionaire or even multi million.. and you convinced a group of people to brand a product deem it currency and then use it as a personal spending account...would you? and what would it be worth?… everytime you bought a weekend getaway would it drop… remember the concept of buying is still driven by marketing, networking, communication, and fiat assets...but it's personal not an institution where you have 35,000 people getting pensions, cars, houses, insurance. And you hold all the assets. At priced paid. You made the worth 35$ now you buy a few things its worth 25$ you made a profit.. but whats everyone else think its cheap buy...

 

So in a sense it is a bank…it is the bank of the primary shareholders stake..then spending drives prices down... its decentralized because of cut-throat nature of the more i spend the price goes down and i buy up shares waiting for others to gain interest so i can buy my shares when others loose faith.. then heck i could just control the price with right backing…

 

So in a nutshell a coin is a bank controlled by the interest of the fiat currency which is the investment and investors...question is if you back it by gold silver diamonds or work to achieve a fiat standing...





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Blurryface
Blurryface

Topics that help you in daily life, that can be transferable to that aswell.


Mining the etherium
Mining the etherium

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