• pipi1234@lemmy.world
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    1 day ago

    Money should be a store of value and medium of exchange.

    The issue with our current monetary system is it’s controlled by states.

    The only way out of this failed experiment is a money that cannot be controlled by anyone.

    • CXORA@aussie.zone
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      1 day ago

      You need to elaborate either on how money being controlled by states prevents it achieving the listed objectives, or how being uncontrolled by anyone would help it achieve those objectives.

      Otherwise your comment that is just 3 non sequiters.

      • pipi1234@lemmy.world
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        2 hours ago

        Money is the way people are payed for their labour in order to transact for goods and services.

        When a government or central bank possesses the hability to expand the money supply, it can dilute the currency’s value. This process, known as inflation, systematically diminishes the purchasing power of an individual’s wages and savings.

        However, the consequences extend beyond the erosion of personal wealth. Persistent inflation, even at a seemingly modest rate like 3% per year, creates a powerful incentive for perpetual economic growth. For a company to simply preserve its value against rising costs and a devaluing currency, it must generate returns that outpace the rate of inflation. This fosters an environment where businesses are pressured to expand continuously.

        If we accept that money is the primary channel for economic energy and that productive employment is essential for a healthy society, this framework raises a critical question. A system that structurally requires constant growth for mere survival, rather than for meeting genuine demand, draws comparisons to pathological processes. Some would argue it resembles a cancer: a system whose logic of endless expansion can threaten the stability of the larger organism it inhabits.

      • porksnort@slrpnk.net
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        1 day ago

        Crypto is at least three non sequiturs in a trenchcoat, so that tracks. Trench coats have large pockets in which they can place all of your fiat currency, which can be freely exchanged for goods and services.

    • F_State@midwest.social
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      1 day ago

      Money not controlled by anyone has historically been stores of value used in barter rather than money used for retail purchases as we understand it. Even precious metal coins.

    • LwL@lemmy.world
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      1 day ago

      No, the problem is that having money leads to having more money and having more money also leads to having more power so every system just gets slowly worse for everyone except the rich