196. Where does the money come from?
Money for most of you are dollar, euro, cedis, leone, naira, shillings, pula and so on. National money. Money that can be used to buy things in the shops. Let us call this money M.
M is not only notes but also mobile money or money in bank accounts. Digital money.
Bitcoin is digital money that can be sent all over the world but it is not M. Most shops does not accept Bitcoin. But some does.
Our money is called Global and BitGold. It is not M. Is it money?
What will happen is that our members will store BitGold on their accounts. Some members will sell their BitGold as soon as possible. Because they need M or because they dont see the advantages with having BitGold.
Other members will do the opposite. They will hold their BitGold and they will pay M to get more BitGold. Why? Because the value of BitGold will go up all the time.
So some members will run out of BitGold fast and some will store a lot of BitGold. As time goes, the value of BitGold goes up and more members are joining.
BitGold has a value and the value will increase fast over a long period of time. BitGold is not M but it has real value. The reason why BitGold will get a high value is because the value increase is programmed into the system.
The members get Global on daily basis and invest them in BitGold and the more Global that is invested, the higher the price of BitGold. So what will happen in the future is that some members will have a lot of BitGold while other will have spend their.
For me, BitGold is more attractive then M. Because I believe so strongly in it. I like the value increase. I like that the system is created as a Basic income because it will attract more members to join. I can already visualize what will happen.
In the future, we will have millions and perhaps billions of members. When it becomes big, companies will start to accept them as payment. In the future, there will be no need to exchange them to M. You will be able to buy with them directly.
Now back to the question: Where does the money come from? Global and BitGold is digital money that can be created for free. But it has value and the value is given to all the members. The more members we are, the more money will be created and the better income we will get.
So the money does not come from M. But the members will have savings in BitGold that they can exchange to M. Later, it will be used as direct payment and then M is no longer needed. All people will use our money instead.
Money for most of you are dollar, euro, cedis, leone, naira, shillings, pula and so on. National money. Money that can be used to buy things in the shops. Let us call this money M.
M is not only notes but also mobile money or money in bank accounts. Digital money.
Bitcoin is digital money that can be sent all over the world but it is not M. Most shops does not accept Bitcoin. But some does.
Our money is called Global and BitGold. It is not M. Is it money?
What will happen is that our members will store BitGold on their accounts. Some members will sell their BitGold as soon as possible. Because they need M or because they dont see the advantages with having BitGold.
Other members will do the opposite. They will hold their BitGold and they will pay M to get more BitGold. Why? Because the value of BitGold will go up all the time.
So some members will run out of BitGold fast and some will store a lot of BitGold. As time goes, the value of BitGold goes up and more members are joining.
BitGold has a value and the value will increase fast over a long period of time. BitGold is not M but it has real value. The reason why BitGold will get a high value is because the value increase is programmed into the system.
The members get Global on daily basis and invest them in BitGold and the more Global that is invested, the higher the price of BitGold. So what will happen in the future is that some members will have a lot of BitGold while other will have spend their.
For me, BitGold is more attractive then M. Because I believe so strongly in it. I like the value increase. I like that the system is created as a Basic income because it will attract more members to join. I can already visualize what will happen.
In the future, we will have millions and perhaps billions of members. When it becomes big, companies will start to accept them as payment. In the future, there will be no need to exchange them to M. You will be able to buy with them directly.
Now back to the question: Where does the money come from? Global and BitGold is digital money that can be created for free. But it has value and the value is given to all the members. The more members we are, the more money will be created and the better income we will get.
So the money does not come from M. But the members will have savings in BitGold that they can exchange to M. Later, it will be used as direct payment and then M is no longer needed. All people will use our money instead.