#fiatmoney — Public Fediverse posts

@j_feral #FileCoin Implementation could be better.

But the whole #infrastructure and @system (people buying other companies) is a problem and what we need to expect (#rugpulls etc).

We should aim for nearly 100% friend-making with all those that can and measure ppl well. (clear enemies we skip)

- The pollution from #systems and people will always be a factor (the #bank #system #fiatmoney (#debt #lending #money) which I calculate as bad also in many more ways sometimes on people + #planet)

FIAT MONEY: The History of Modern Currency and Psychological Dependence on Systems
From Gold to Digital Value

Modern money is built less on gold and more on trust, systems, and collective belief.

From barter to fiat to digital networks, this piece explores how value evolved — and how the digital era is reshaping the flow of value again.

Visual created with AI.

🔗 Link

https://medium.com/@dianabasieseme_60028/fiat-money-the-history-of-modern-currency-and-psychological-dependence-on-systems-075ef3ba0275?sk=e48b2543b732490ecab482734f2a183f

#FiatMoney #Economics #DigitalEconomy #Money #Trust #FutureOfMoney

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.

The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.

#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT

“The government can always finance its spending by creating money.”
~Hyman Minsky, economist

#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT

"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It simply creates them ad hoc. Tax dollars are destroyed upon receipt.

"When you pay your taxes, you take dollars from your checking account. […]
When they reach the Treasury, they cease to be part of any money supply measure. They effectively are destroyed. To pay its bills, the federal government creates new dollars, ad hoc."

https://mythfighter.com/2025/03/02/a-summary-of-what-you-should-know-about-americas-economy/

#fiatMoney

“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”

– Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of #money and #banking, monetary theory, and financial macroeconomics

@economics

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT

Sovereign states invest or spend as much as they want by issuing they own money and credit.

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #money #slogan #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

"This is the #DOGEplaybook. It's all about #plunder:take something that was carefully built up over generations & burn it to the ground, warming yourself in the pyre, leaving nothing behind but ash.
Trump's a plunderer…elected by the #plundererclass—like the #cryptobros who want to run wild, transforming workers' carefully shepherded #retirementsavings into useless #shitcoins, while the crypto bros run off with their perfectly cromulent #fiatmoney."
@pluralistic
https://pluralistic.net/2025/02/07/broccoli-hair-brownshirts/

Ripple USD stablecoin set for trading debut tomorrow - Ripple’s RLUSD stablecoin is set for its trading debut on Dec. 17 on pla... - https://cointelegraph.com/news/ripple-usd-rlusd-stablecoin-trading-debut #ripplepayments #stablecoin #settlement #rippleusd #fiatmoney #usdollar #coinmena #moonpay #ripple #uphold #rlusd #xrpl #defi #xrp #usd #rwa

Dark money group tied to crypto tries to quash SEC nomination vote - The Cedar Innovation Foundation launched an attack ad ahead of a congres... - https://cointelegraph.com/news/dark-money-group-cedar-innovation-crypto-sec-confirmation #carolinecrenshaw #unitedstates #regulation #fiatmoney #politics #sec

Binance gets greenlight to invest customer assets in US Treasury Bills - The court stipulated that Binance could invest customer funds custodied ... - https://cointelegraph.com/news/binance-greenlight-invest-customer-assets-us-treasury-bills #unitedstates #nationaldebt #stablecoin #fiatmoney

Crypto adoption in Argentina soars amid 276% inflation spike - Argentina has emerged as the top market on Binance — one of the world’s ... - https://cointelegraph.com/news/argentina-lead-crypto-adoption-americas #latinamerica #northamerica #southamerica #investments #javiermilei #stablecoins #argentina #inflation #fiatmoney #savings #tether #forex #usdt

Bitcoin is no ‘silver bullet’ for money’s ethical problems - Both Bitcoin and fiat currency are often in the firing line over ethical... - https://cointelegraph.com/news/bitcoin-money-ethics-fiat #moneylaundering #futureofmoney #cybercrime #fiatmoney #payments #crimes

M2 money supply 'holds the key' for Bitcoin's next move — Market analyst - The growth of the money supply is historically correlated with previous ... - https://cointelegraph.com/news/m2-money-supply-bitcoin-cycle-market-analyst #bitcoinbullcycle #cryptocurrencies #bitcoinanalysis #bitcoinbullrun #marketanalysis #m2moneysupply #priceanalysis #bitcoinprice #fiatmoney #markets

Japanese listed firm adds Bitcoin as reserve asset with 117 BTC - Since announcing its Bitcoin strategy in April, Metaplanet has accumulat... - https://cointelegraph.com/news/metaplanet-bitcoin-reserve-asset-117-btc #cryptocurrencies #bitcoinstrategy #investments #japaneseyen #metaplanet #fiatmoney #bitcoin #japan

Turkey tops the world in stablecoin buying share vs. GDP - Stablecoin purchases in Turkey amount to 4.3% of GDP, the highest among ... - https://cointelegraph.com/news/stablecoin-buys-turkey-4-percent-gdp #unitedstates #stablecoin #fiatmoney #thailand #georgia #economy #turkey #tether #usdc #gdp

The rise and fall of paper money in Yuan China, 1260–1368
In early-13th century China, the Mongols introduced the silver standard, the first paper money in history to be backed by a precious metal.
https://cepr.org/voxeu/columns/rise-and-fall-paper-money-yuan-china-1260-1368
#history #economics #fiatmoney

Alchemy bags money services license in Iowa, expands US services - The crypto-fiat payment services provider Alchemy Pay is expandin... - https://cointelegraph.com/news/alchemy-money-services-license-iowa-expands-us-services #cryptocurrencies #unitedstates #alchemypay #fiatmoney #payments

‘Primitive’ stablecoin lacks mechanisms that maintain fiat stability: BIS - The answer again is regulation, although this time the suggested ... - https://cointelegraph.com/news/primitive-stablecoin-lacks-mechanisms-maintain-fiat-stability-bis #centralbank #stablecoin #fiatmoney #bis

Nigerian Central Bank Refutes Claims It Plans to Redenominate the Naira in 2024 - The Nigerian Central Bank has denied claims in a widely circulating text message t... - https://news.bitcoin.com/nigerian-central-bank-refutes-claims-it-plans-to-redenominate-the-naira-in-2024/ #currencyredenomination #nairadepreciation #centralbanks #fiatmoney #africa

Rising M2 money supply will see crypto become 'supermassive black hole': Raoul Pal - Historically, the cryptocurrency market has benefited from the r... - https://cointelegraph.com/news/rising-m2-supply-crypto-supermassive-black-hole-raoul-pal #bitcoinregulation #cryptocurrencies #bitcoinhalving #bitcoinprice #totalsupply #fiatmoney #supply

Tether stablecoin firm appoints CTO Paolo Ardoino as CEO - The change in leadership at Tether reflects its commitment to act... - https://cointelegraph.com/news/tether-appoints-paolo-ardoino-ceo #stablecoin #fiatmoney #tether #dollar

Crypto payment firm Alchemy Pay wins money transmitter license in US - Alchemy Pay has joined the ranks of crypto firms like Coinbase an... - https://cointelegraph.com/news/crypto-payment-firm-alchemy-pay-arkansas-license #unitedstates #alchemypay #fiatmoney #payments

MetaMask launches feature to sell ETH for fiat - The sell feature on MetaMask Portfolio came roughly five months a... - https://cointelegraph.com/news/metamask-launches-sell-function-exchange-eth-fiat #cryptocurrencies #fiatmoney #exchanges #business #metamask

When will it be too late to invest in Bitcoin? - This week’s episode of Market Talks discusses whether it will eve... - https://cointelegraph.com/news/when-will-it-be-too-late-to-invest-in-bitcoin #bitcoinanalysis #marketanalysis #federalreserve #priceanalysis #bitcoinprice #unitedstates #investments #predictions #fiatmoney #dollar #stocks #ether #etf

Binance adds fiat currency restrictions for Russian users - Russian residents are now the only eligible users of Binance P2P ... - https://cointelegraph.com/news/binance-fiat-restrictions-for-russian-users #cryptocurrencies #fiatmoney #binance #russia