Money Without Debt - Can Crypto Solve This? - And If So How? - Luke Is Alive Day 34

in DTube2 months ago (edited)

Here I talk about money without debt, and how I see that crypto can accomplish this, plus I find Luke 1 time in CupOfTraffic.

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Hi there and welcome to my vlog, my name is Erik Gustafsson and I go by the handle @flaxz on Hive, CTPtalk and DTube.

Money Without Debt - Can Crypto Solve This? - And If So How?

So most of us know that Fiat currency is printed by issuing debt, no Fiat currency is in circulation without being backed by debt, even if a very small part of what central banks print is backed by gold, but the very vast majority is just printed through debt.

Now we look at crypto and see that coins and tokens are not printed by issueing debt, not any that I know of anyways, however they still get their value by being traded with debt backed Fiat currencies.

So what I want to look at here is how to remove Fiat currency as a factor when valueing crypto currency, and I have narrowed it down to 3 points, though it might be even more complicated than that.

  1. Defi, which is decentralized finance, and something that is currently growing a lot, they remove Fiat from the equation by trading in crypto.
  2. Commerce, the buying and selling of products and services using crypto to pay with, this gives crypto value through what goods and services are bought with it.
  3. Taxes, paying taxes in crypto without exchanging them to Fiat, this removes the need for Fiat currency all together.

I very much suspect that the last point will be the hardest to accomplish, and that governments will fight hard before they allow taxes to be paid in crypto, but if it can be done then crypto has basically removed any need of Fiat and the debt that comes with it.

What do you think?

Enjoy Watching The Video!

Luke Is Alive Day 34

Luke is a very alive figure, he travels around in Listopia, and you need to find him so he can help you to build your email list, it's a Scavenger Hunt from ClickTrackProfit, see the Luke Is Alive Community about how the daily contest works.

Screenshot from CTP

This is Luke in person.

I Found Luke

So yesterday I found Luke 1 time in CupOfTraffic after surfing 47 pages, though I did not have time to post it until today, and in the video above you can see a screenrecording of this.

This is a Traffic Exchange (TE), and it's owned and run by @russellstockley, and the screenshots below shows the start of my hunt and then finding Luke 1 time.



In this TE I promote my Lead Capture Pages for Mobile Cash Formula which is my 42 day email course on how to create an online income in a mobile friendly way.

Thank You!

Thank you very much for reading this post and watching the video, I hope you liked it, leave your thoughts in the coments below, and ...

Stay Awesome!

Erik Gustafsson

My profile on PeakD

This is my own personal opinion, do your own research before investing, and seek legal counsel if uncertain.

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Royalty Free Music from Bensound, track Hey!

Music: A Strange Feeling - Musician: Michael Ramir C. - URL:

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hello dear friend @flaxz good night
Excellent post, very interesting the bridge you played, I really appreciate that you share these reflections with us
I take this opportunity to wish you a splendid night

Thanks a lot @jlufer, yes I think that we need to make all those steps happen before we can really claim that crypto is free of debt, I wish you an awesome weekend.

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Thank you for your engagement on this post, you have recieved ENGAGE tokens.

Well done completing the Scavenger Hunt Erik, you have earned 6 tickets for the daily and weekly drawing.

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Thank you very much Mike and Team Luke.


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