Money as Debt. A comprehensive and simple explanation of the current banking industry with an emphasis on why we need new economic systems to thrive as a people.
The existing Centralized corporate banking industry inherently creates scarcity and facilitates systemic indentured servitude.
Blockchain Powered Cryptocurrencies that fairly distribute wealth and decision-making to all users of the system are the answer to this economic imbalance in power.
Instead of stacking the extra wealth created by the taxation on the movement of resources into a pyramid like model, a balanced economic system instead redistributes the additional resources to perform services for the users of the currency. Furthermore, in truly decentralized models, the currency users themselves have a direct vote on how the additional funds from taxes/tithings/transaction fees are spent.
Before the rise of blockchain technology and liquid democracy voting systems, it was literally impossible to collect the votes of all currency users in a timely manner. The good Ol' Governmental Dinosaurs are taking awhile to catch up to these new blockchain systems. If we leave it up to them it will be decades (or centuries) before we are using blockchain voting to fairly distribute national tax dollars.
Its up to us to discover, utilize, promote cryptocurrencies that fairly distribute wealth and decision making, for the highest good of ourselves and all People of this Planet Earth.
However, many cryptocurrencies use similar methods of centralized distribution and hoarding.... be wary, most coins do not embody truly decentralized economic practices.
Here in the Earth Nation, we are exploring if Steem has the characteristics of a currency and community that facilitates fair distribution of resources and decision making.
What do you think? What cryptocurrencies on the market at this time are using distribution and decision making policies that directly benefit all/most community members using that currency? Please share in the comments!