The Almighty USD-Dollar. Its true origins & why it is 'until now' the worldwide fiat currency in adoption.

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Presently, people speculate on tokens since they have a tendency to go up in value against fiat. Here is where we see the phase we are at. The reason we price everything against fiat is because we still live in a fiat world.

This quote above is an excerpt of a recent post made by @taskmaster4450 whose title asks: ¿Who Will Win The "Money" Game?

And while I can understand where he is coming from with his article. His viewpoint and perspectives. Basically promoting and trying to bring some awareness about the current economy concepts of ‘DAO’ and 'DeFi' in an attempt to establish a few comparisons and highlight the advantages & virtues of the Steem Blockchain and the plethora of different new 'Tribe Tokens' daily minted in our own digital crypto financial ecosystem.

In my opinion, I think he fell a little short in the general focus of his brief dissertation. And although I agree with most of what he has briefly stated in his article. I could not help but feeling that on the subject, there were still many things left inside his digital inkwell that seems to have been forgotten to review thoroughly. Hence, this complementary post.

Evidently, his article has inspired me to write and publish this one of mine. And given that through this post and its multiple embedded links, you will have enough material to read, digest, 'curate' and document yourself better on the matter. I suspect that I will also make mine relatively short so as not to overwhelm you too much with the extra information.
So, let's see if I can really make it! };)

DAO = "Decentralized Autonomous Organization"

DeFi = "Decentralized Finance Protocols & Platforms"

Yeah! click on the links at the beginning of this post to know more.

Because after all these previous historic attempts of the consecrated biggies in the digital realms. With their own currency projects, online kingdoms and mobile payment systems as "Apple Pay, Samsung Pay and Google Pay" among many other important tech actors out there.

Plus also the public announcement and recent appearance on the market of Facebook's Libra claiming, promising and threatening to become the actual cryptocurrency of global reach, popularity and mass adoption as a single and only dominant 'currency' in and through the internet in the very near future for the average Joe.

And despite the more furtive, stealthy and surreptitious attempts of the 'Real Honchos' of moneyland also promoting their own SDRs as the upcoming Non Plus Ultra stablecoin on the blockchain cryptosphere which by now is reserved only for the traditional elite of the already rich and privileged in the financial world to take over the globe by storm.

For all this, I felt I had to add something else to all this fascinating plot.

"Let's start first with this interesting documentary spoken in English"

«-Minting and Printing U.S. Dollars-»

And then, having in mind mainly to my countrymen and to most of our brothers in the Spanish speaking community. This other documentary no less interesting and even more complete about the history of the multiple and so many different 'banknotes' that has been printed along that country which currently has now the supremacy and control of fiat money across the world. Whose nefarious financial system has imposed during 75 years a slavery and defenseless regime to almost the entire world population.

«-The unknown 'great variety' of Greenbacks-»

And last but not least. And to try round up further this 'instructional' post and also answer @taskmaster4450 main question and puzzle regarding The "Money" Game. Let's finish my nosey intervention with a last video which I suspect will respond the most important doubt about which currency is going to end up as "internet money".

Since this short video next is spoken in English, but counts with subtitles in many different languages. I assumed it wouldn't be so annoying for you now, if I also use it to complement my dense exposition throughout this post. To which I've clearly submitted you until here so far to get my point. };)

And just because I have a hunch that this video probably will answer the most important question of all.

¿What really gives value to a dollar bill?


Yeah! don't forget select your language and activate 'CC' in the video player bar.

Oh! and yes of course. You could say that along more than three years here wandering around the STEEM blockchain. I've already written my fair bit of posts and also outlandish rants talking about "Money & Economy" and "Blockchain Tech & Cryptocurrency" subjects more than once. :)

Leave a comment. Share your experiences and feedback. ¡Be part of the conversation!

«««-$-»»»

"Follows, Comments, Resteems & Upvotes will be highly appreciated"

Cranky Gandalf

Cheers!!



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