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Money

What is money
Money is a promise of issuing entity to exchange paper, metal document (aka Money) for goods, services, real estate property and so on.
And like any other promise it can be broken intentionally or unintentionally.
Ways to break "Money promise":

Dissolution of government (Example USSR). People lost billions and later those billions went into hands of oligarchs.
Inflation (illegal IMHO). This days governments are using this instrument far to often, and without responsibility. Essentially population is always at lost. Recipients of newly printed documents (Money) is always at win. Recent excuses used in US is pandemic (COVID-19), conflict in Ukraine.
...

Attempts to use cryptocurrency as a safe "harbor" for population's savings has been failed, thanks to centralized exchanges.
Centralization === manipulation === distrust.

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TBKt61V7HBo1R6iWGsAqijgc4vZchK2Rmj April 24, 2022, at 02:59 PM