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Posts Tagged ‘Cash’

Levelling Level | Digital Currency, Crypto, DeFi

Digital or crypto currencies will not survive in their current form.

Like the system that cryptocurrencies were created with the best intentions to try and override, it is simply the belief that people have, or the way that people think about cryptocurrencies today that appear to make them work.

The cryptocurrencies that you can buy or trade today may be worth a lot of money. But like the money they might replace, they have absolutely no value at all.

In reality, digital currencies that exist today are as flawed as the FIAT money system itself. They are based on no real value or tangible holding.

It is literally the belief of those who invest in or use the existing blockchain currencies that make them work.

The moment anything happens to shatter the belief in today’s versions of digital currency – as you can be certain that it will – these cryptocurrencies will return to their intrinsic value. That value is zero or nil.

The new ‘local’ way of living will allow the creation of new digital currencies based on real value that is defined by the community that runs it.

That value will be pinned or anchored to the value of input and output (labour, skills, experience) and the true value of the locally produced goods that people genuinely need to live.

We cannot and must not even try to return to a pyramid or hierarchical system that is skewed to allow prices at the foundation of our society to be dictated by actions at the top.

We could very easily and very quickly come to experience a fully functioning system of digital currencies that are locally linked. Currencies that become interchangeable and exchangeable with others, because of how the basic value of input and essential goods are defined.

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Levelling Level | Local Markets and Online Bartering Exchanges

Fortunately, we have moved into an age where it will be incredibly easy to develop easy to use exchange or system of exchanges that can operate or be restricted to geographically defined areas.

Every member of a community will be able to exchange the goods they have, or the labour, skills and experience they can offer whoever needs them directly for goods, or a common online unit of exchange that can be added if there is a shortfall or received as change if what provided or offered into the exchange is agreed as being worth more than what the other party has to exchange in return.

Yes, I can hear you thinking ‘well that’s why we need the pound we’ve already got!’ – and I agree that on the face of it, that’s what most people would think too.

The problem is that the Pound IS ONLY A UNIT OF EXCHANGE – no matter what anyone tells us or what anyone thinks.

The only reason the Pound works as it has done until now is because of the belief that people like you and I have placed in it. Our currency and financial system is basically a money system built on trust.

That trust has already been broken. But the break and the lie is only now being fully revealed so that all of us can see.

To make any currency work again when there is change of the kind we are facing, its foundations must be based within a system of a size and type where people can actually trust what money is, and what it actually does.

Levelling Level | Local Currencies & Bartering or Exchange Platforms

When no amount of cash or currency we have available can secure the goods or services that we need, practical need will step in and demand that we exchange whatever we have or can offer to secure whatever we need.

Ultimately, as real creativity, innovation and entrepreneurism begin to thrive at the community level, one thing will again become apparent to us all:

The real base currency is the element that is common to every exchange: The time it has taken somebody to grow, produce, manufacture and transport whatever it is that the end user wants.

In other words, the real base currency is (or will be corrected to become) the value of input that an individual can make themselves, as the basis of an exchange to provide everything that they need to meet the requirement of being self-sufficient.

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