Viewing a response to: @crypto.piotr/modern-monetary-theory-can-anyone-explain-major-differences-between-mmt-and-current-monetary-system
@crypto.piotr, In my opinion **Current Money 💵 System** is really rigid because it's controlled by the **Banks** and no matter how much we think, at the end of the day **Ownership** is hold by the **Banks**. I think that current picture of this world is combination and collaboration between **Spiritual** and **Technological** world. Now people are understanding the **Game Of Centralisation** and **Game Of Fiat Money 💵**. Through **Blockchain Technology** and **Cryptocurrency Space** people are trying to come out of this **Cage System**. In my opinion **Future** is reflecting like a **Hub Of Structured Decentralisation** and by that i mean, before **Use Cases** were turning into a **Market** but with **Blockchain** and **Cryptocurrency Space**, **Use Cases** are turning into whole **Economy**. But with **Modern Monetary Chain** we can face some issues and in my opinion most vital one is, many showcase **Carelessness** and **Digital Money** means we have to take some **Precautions**. For example, if we take the example of **Steem Blockchain**, here every **Account Wallet** is a bank and if people lose their **Keys** they lose everything in a way. No matter how much we evolve, in every time or phase we have to take those necessary precautions which are real need. Have a wonderful time ahead and stay blessed brother.
author | chireerocks |
---|---|
permlink | re-cryptopiotr-modern-monetary-theory-can-anyone-explain-major-differences-between-mmt-and-current-monetary-system-20200126t022457128z |
category | hive-175254 |
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created | 2020-01-26 02:25:03 |
last_update | 2020-01-26 02:25:03 |
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root_title | "MODERN MONETARY THEORY - can anyone explain major differences between MMT and current monetary system?" |
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