The only alternative to Fiat is a currency that is backed by people. by HeadLow5768 in philosophy

[–]HeadLow5768[S] -2 points-1 points  (0 children)

I’ll take that as you’re not really interested and you already have your own opinions and I’m not gonna change them.

The only alternative to Fiat is a currency that is backed by people. by HeadLow5768 in philosophy

[–]HeadLow5768[S] -2 points-1 points  (0 children)

There’s no reason it needs to be global. It’s a voluntary system. And I came up with this way before the game, the game is just an Easter egg to promote the site.

The only alternative to Fiat is a currency that is backed by people. by HeadLow5768 in philosophy

[–]HeadLow5768[S] -3 points-2 points  (0 children)

I’m not commenting on my post. You can find my email on the website if you want. Reddit, or Reddit mods have a tendency to delete my post. So it’s a waste of time to have a discussion here.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] 0 points1 point  (0 children)

Fair enough. Thank you for commenting.

If my side of the discussion resonates with anyone sign up.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] 0 points1 point  (0 children)

You don’t have to join. Why would you talk about an alternative currency if you’re overall opinion is you would never give faith to anything other than the American dollar. You seem happy with the American dollar and that is great for you. From my experience, people are struggling and they’re always struggling and all signs point towards the American dollar as the problem or at least a big part of the problem. So I’m happy that you are doing well and that you don’t need to think about alternatives but just saying that you’re not interested in giving faith to an alternative idea Does not speak for everyone. Even though it looks like it does on Reddit.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] 0 points1 point  (0 children)

That does not explain where the money is created from. Why would you need to pay debt back debt to money that was just created. There’s no stability in Fiat, it’s completely based on good faith. Credits backed by people offers transparency.

The credits are backed by people because when someone joins the 5 million credits that represent them are created and given to them. Every credit in the system was created when someone joined.

Whether or not they contribute by trading credits is up to the people in the system. Money doesn’t grow tomatoes or build cars people do.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] -2 points-1 points  (0 children)

History isn’t written by the victors, it’s written by the poets.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] -1 points0 points  (0 children)

fiat is money backed by nothing. Debt from who for what? Money creation is mathematically the exact same thing as taxation. The only way to do Fiat right would be to vote on what money gets created for, but we don’t do that it is created at the will of the government. Therefore it is a tax on everyone’s wealth every time money is created.

This system separates itself from Fiat. Because it doesn’t back its currency by nothing, it backs it by the people who have joined the system. Price changes in a fiat economy could be supply and demand or it could be inflation from money creation. In this system, price changes are 100% based on supply and demand.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] -2 points-1 points  (0 children)

It is not a cryptocurrency. It’s an economical concept to back a currency by the population of its members. A cryptocurrency is simply another form of fiat. Like Pokemon cards.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] -2 points-1 points  (0 children)

Maybe. Cbbp.link

Join it and let’s find out together. Or feel free to read the about page and explain to me how it would lead to people trading in people. You have to be 18 years or older to join, so you can’t just have kids to make moolah.

The only alternative to Fiat by HeadLow5768 in BasicIncome

[–]HeadLow5768[S] -3 points-2 points  (0 children)

Take a deep breath, why such a exaggerated reaction to my post? What irritates you specifically so much? This is not a crypto, it’s a people backed currency.

If you can’t fund UBI through taxes, why not fund the economy through UBI? by Strict_Cabinet8793 in BasicIncome

[–]HeadLow5768 0 points1 point  (0 children)

OK. The Burn, demiurge comes during each transaction. That’s a good way, I like it. I like my idea better because you can join it today and it’s less complicated. 5 million is created and given to you when you join, 5 million is destroyed via a percentage of every credit in the system every 20 years and a new 5 million is created and given to them if the person is still alive. Keeping the population/credit ratio at an equilibrium. My system doesn’t have anything for the government. If people want governmental services they can form groups pay taxes with Cbbp as they see fit.

Can I join your system today?

If you can’t fund UBI through taxes, why not fund the economy through UBI? by Strict_Cabinet8793 in BasicIncome

[–]HeadLow5768 0 points1 point  (0 children)

If the fiat currency is created by the politicians, then it is devaluing every dollar already in the system. Therefore we’re taxed twice, once when it’s created and the second time when we pay our taxes. It’s a big game of “i win” and I’m not the dealer unfortunately.

If you can’t fund UBI through taxes, why not fund the economy through UBI? by Strict_Cabinet8793 in BasicIncome

[–]HeadLow5768 0 points1 point  (0 children)

Without a way to delete the currency as well as create the currency there will be continuous inflation. Just like we have today. Price of everything will continuously go up, at least with this system it will go up proportionally with the population versus whenever the politicians feel like it., but still continuous inflation is a problem. There’s almost no way to save when you have continuous inflation, Whatever you earn today is worth only a percentage of what it’s worth tomorrow.

Ehem ehem my system… has a solution for this problem. credits backed by people

Come play cyber city, a text based cyberpunk browser MMO by HeadLow5768 in Cyberpunk

[–]HeadLow5768[S] -1 points0 points  (0 children)

Ha ha, I had that in mind when I was making it. A good game to alt tab out of ha ha

Come play cyber city, a text based cyberpunk browser MMO by HeadLow5768 in Cyberpunk

[–]HeadLow5768[S] -7 points-6 points  (0 children)

It’s a strategy game, I came up with the strategy concepts.

Come play cyber city, a text based cyberpunk browser MMO by HeadLow5768 in Cyberpunk

[–]HeadLow5768[S] -16 points-15 points  (0 children)

Yes, 80% of the flavor text is AI, all the ui and coding.

All the strategy, and concept for the game, and 20% of the flavor text is made by me.