Can someone with a background if finance explain this?

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[–]Bigs 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

The stock market is a ponzi scheme yes, but I'm talking about Qortal...

[–]StillLessons 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (5 children)

I don't know what Qortal is, but beyond the stock market being a ponzi scheme, fiat currencies are also always large-scale ponzi schemes. They die in the end (as the dollar is currently dying) because regardless of scale, the same dynamic applies: when people no longer accept that they're worth anything, they revert to their true value: zero. Resources possess intrinsic value. Currencies do not.

[–]Bigs 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (4 children)

Currencies are a convenient and practical means of exchanging resources.

Qortal is a totally decentralized internet and currency. You should look into it... qortal.org

[–]StillLessons 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Thanks for the tip.

It looks like an interesting project. I hope it becomes what their ideals suggest. It's so hard to shepherd a project like this through to full-scale operation without corruption leaking in somewhere and derailing it.

I like your definition of currencies, btw. Succinct and complete. If only the centralizing forces acting on humanity didn't sit as the "currency" controllers between all transactions, we might be able to get somewhere...

[–]Bigs 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

I'm trying to bring in a developer to speed up the transition to a mesh internet, where you will be able to connect via your neighbors' routers and they via yours, with no ISP required. Literally an entirely new Internet.

The Qortal internet already exists, but you need a normal Internet gateway to enter it for now. Currently only around 100 websites, so very much baby steps at the moment - but yes, it's totally decentralized. Nobody can take control of it.

[–]EddieC 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Q: What would the new decentralized internet be in place for?
Is it:
a. for more irrelevant & irreverent forum posts
b. for more conspiracy rant posts like this one @ idle chatter
c. for accretive dialogue on usurper-free Dom
 

[–]EddieC 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

What are we really here for?
Is it to mind gate keep each other - like what OP is doing?
Or, to let self to be mind corralled to stay put in eliteDom?
 
Me – I am here to let everyone know: There are no gates!
Q: Which are you for: eliteDom or usurper-freeDom?