Viewing a response to: @oaldamster/fractional-reserve-spending
I think whether the monetary system has been run publicly or privately, the problem has always been greed, selfishness, short-sightedness of the people in charge and also dealing with the instabilities of wars and national politics. Until more intelligent and well-balanced people are in charge, the system will continue to fail. The good thing about crypto is the system is more intelligent, but if the populace is still ignorant they will be manipulated by the demagogues.
| post_id | 13,305,249 |
|---|---|
| author | clumsysilverdad |
| permlink | re-oaldamster-fractional-reserve-spending-20170920t115344169z |
| category | money |
| json_metadata | "{"app": "steemit/0.1", "tags": ["money"]}" |
| created | 2017-09-20 11:53:27 |
| last_update | 2017-09-20 11:53:27 |
| depth | 1 |
| children | 7 |
| net_rshares | 165,900,029,779 |
| last_payout | 2017-09-27 11:53:27 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.427 SBD |
| curator_payout_value | 0.008 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 476 |
| author_reputation | 24,049,780,175,854 |
| root_title | "Fractional Reserve Spending." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| oaldamster | 0 | 165,900,029,779 | 100% |
Cryptos might not be a final solution. At least I do not see it as such. It will be at a stage where money is obsolete, I strongly doubt if I will live long enough to witness that happen. For me no rulers at all, as that is what history tells me.
| post_id | 13,306,006 | ||||||
|---|---|---|---|---|---|---|---|
| author | oaldamster | ||||||
| permlink | re-clumsysilverdad-2017920t14544982z | ||||||
| category | money | ||||||
| json_metadata | "{"app": "esteem/1.4.6", "format": "markdown+html", "community": "esteem", "tags": "money"}" | ||||||
| created | 2017-09-20 12:05:48 | ||||||
| last_update | 2017-09-20 12:05:48 | ||||||
| depth | 2 | ||||||
| children | 6 | ||||||
| net_rshares | 105,133,623,793 | ||||||
| last_payout | 2017-09-27 12:05:48 | ||||||
| cashout_time | 1969-12-31 23:59:59 | ||||||
| total_payout_value | 0.254 SBD | ||||||
| curator_payout_value | 0.008 SBD | ||||||
| pending_payout_value | 0.000 SBD | ||||||
| promoted | 0.000 SBD | ||||||
| body_length | 248 | ||||||
| author_reputation | 69,006,323,355,244 | ||||||
| root_title | "Fractional Reserve Spending." | ||||||
| beneficiaries |
| ||||||
| max_accepted_payout | 1,000,000.000 SBD | ||||||
| percent_steem_dollars | 10,000 | ||||||
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| good-karma | 0 | 99,742,281,909 | 0.5% | ||
| mysteem | 0 | 84,110,067 | 1% | ||
| demo | 0 | 162,283,577 | 1% | ||
| feruz | 0 | 1,521,508,815 | 1% | ||
| esteemapp | 0 | 2,380,870,227 | 1% | ||
| meysam | 0 | 750,520,553 | 0.25% | ||
| bounties | 0 | 172,474,655 | 1% | ||
| steempoll | 0 | 167,421,006 | 1% | ||
| tipping | 0 | 152,152,984 | 1% |
I agree the cryptos will not be the final solution as life is always transitional... many will fight the transition out of their comfort zone, but it will come. The trick is to keep alert to the shift in the tide from one paradigm to yet another.
| post_id | 13,306,591 |
|---|---|
| author | kyusho |
| permlink | re-oaldamster-re-clumsysilverdad-2017920t14544982z-20170920t121441976z |
| category | money |
| json_metadata | "{"app": "steemit/0.1", "tags": ["money"]}" |
| created | 2017-09-20 12:14:48 |
| last_update | 2017-09-20 12:14:48 |
| depth | 3 |
| children | 5 |
| net_rshares | 154,050,027,652 |
| last_payout | 2017-09-27 12:14:48 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.378 SBD |
| curator_payout_value | 0.025 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 247 |
| author_reputation | 77,228,531,672,047 |
| root_title | "Fractional Reserve Spending." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |
| author_curate_reward | "" |
| voter | weight | wgt% | rshares | pct | time |
|---|---|---|---|---|---|
| oaldamster | 0 | 154,050,027,652 | 100% |
A fast transition out off a comfort zone will most likely trigger resistance in people. When it is all of a sudden, causing an emotional shockwave. That is why I prefer the path of evolution. Where it is indeed good to notice a paradigmshift happen and adjust sails when needed. Cryptos are a part of the ongoing one.
| post_id | 13,307,851 |
|---|---|
| author | oaldamster |
| permlink | re-kyusho-re-oaldamster-re-clumsysilverdad-2017920t14544982z-20170920t123239737z |
| category | money |
| json_metadata | "{"app": "steemit/0.1", "tags": ["money"]}" |
| created | 2017-09-20 12:32:39 |
| last_update | 2017-09-20 12:32:39 |
| depth | 4 |
| children | 4 |
| net_rshares | 0 |
| last_payout | 2017-09-27 12:32:39 |
| cashout_time | 1969-12-31 23:59:59 |
| total_payout_value | 0.000 SBD |
| curator_payout_value | 0.000 SBD |
| pending_payout_value | 0.000 SBD |
| promoted | 0.000 SBD |
| body_length | 317 |
| author_reputation | 69,006,323,355,244 |
| root_title | "Fractional Reserve Spending." |
| beneficiaries | [] |
| max_accepted_payout | 1,000,000.000 SBD |
| percent_steem_dollars | 10,000 |