HBD Can Thrive Where Government Is Weak

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As I mentioned in one of the previous posts, I started following various accounts related to projects funded by Value Plan.

One or more of them share content they deem relevant for their initiative/project and community.

That's how I started to take a glance at posts talking about paying for daily purchases or small treats with HBD in Latin America, specifically Sucre, which is nice. Hopefully, they will be able to bring in the network some suppliers too, so HBD would penetrate deeper into the local economy, and not just at the surface. I know they said they were working on that.

Now, looking at those posts and images (they are always highly visual), I couldn't help but wonder if we'd ever have this opportunity to use HBD for small purchases in Europe or in the US. Or in China. Or in Japan. Or in Korea.

They only had this chance to implement this small parallel payment system because the government needs dollars and HBD is pegged to the US dollar, so "they look the other way", as they said themselves.


Source

In Europe, the US, and all the other countries mentioned the government is so much all over the people, and regulations are so tied nobody would even dream to set up something like this.

Right after communism fell in Romania I think such a system would have worked in here. For a few years or so. Yes, it was chaos, but I think you could have breathed in that chaos. And people enjoyed their freedom. I don't know, maybe I was not mature enough to understand how difficult life was for the regular family, including ours (and it was, with hyperinflation in the first years).

But I don't like where things are heading, with the main focus on manipulating the masses, reducing freedoms, and extending control.

Strange... As I wrote the words above it occurred to me that Romania - the former socialist state - could fit right in.

Oh, what those control freaks would have been able to do with today's technology! Luckily, they didn't have it.

Instead, the superpowers of today (and the smaller ones) are fully taking advantage of technology to our detriment.

Looks like ideology doesn't play a role. They all want as much as they can get.

Maybe we could take advantage of it for a change with decentralized crypto.

Posted Using LeoFinance Alpha



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13 comments
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I am not happy with the way the US has been treating Crypto. The US is too controlling. I hope and pray that this will not be the case for too long. Thanks for your input @gadrian. Have a great week! Barb 😄 !BBH !CTP #ctp

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(Edited)

Yes, they are. But they are not alone. It's a new race out there. Who controls the population the most.

Right now, China is winning. And it seems the Chinese like it. At least on record, lol.

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Thanks for the info @gadrian It's helps to know we aren't ahead so maybe we have some hope now. 😊👍 !BBH !CTP

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Nice share. Spoke to many others from those regions and they said the same thing about the situation in their countries.

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Yeah. Maybe that's why the US is against crypto. Because it's a way to ease their embargos.

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Well, yes, HBD can be a game changer and it's happy to see shops and restaurants are now accepting HBD as a mode of payment, it will increase HBD popularity.

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Yes, it will in the area where it is used. Hopefully, it will go deeper.

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I think it could work out and I like what Hive Sucre is doing in regards to HBD. If that type of economy could be built, then we would be able to opt out of the existing fiat system to a larger extent.

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It works there because the government looks the other way because they are hungry for dollars or any kind of strong currency. In a strong economy, they'd be all over businesses that would allow such payments. Unfortunately.

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I observe that you used the hashtag #freedom in this post. I am now using my son's account to explore the relationship between mission and freedom. This is part of my academic requirements in the Ph. D. program. The deadline for submission will be on 31 July. So far, I already published 4 articles reflecting on relevant materials from the first book. 10 more to go. 😆

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Did my post help in any way? Good luck publishing the remaining academic requirements for your Ph.D.

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Yeah, I think it did. Your story confirms what most in the academe take for granted.

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