This is a delicate matter for many, but I do not think we can stand by watching the circus catch fire, this is the current monetary system and its manipulation of the richest banks and organizations. I will present the current problems and their solutions through Blockchain technology and the use of cryptocurrencys as SmartCash. A monetary system is the set of institutions by which a government provides money in the economy of a country.

SmartCash mining prevents mining centralization and stimulate. Review Techshares A Financial Smart Contracts Platform That Enables Trading Of. Jackobian Forums. I've been looking into SmartCash and it looks like a coin with a lot of potential. I'll likely invest soon, but was also looking into mining.

Modern monetary systems generally consist of homes, central banks, and commercial banks. In the current system generally what happens is that 90% of the population are net taxpayers of bank interests, they pay more to the banks than what they receive from it, due to abusive interest that the banks charge, and this charge asks for money that does not exist, with this the bank has to print money,generating inflation, and only 10% is that receive this interest, ie organizations, banks etc. Explaining more briefly: Our money stock is effectively in bank loans, interest has to be paid mostly in the economy, often paid by the central bank in creating new money, generating money and raising people's interests, therefore these interest transfers wealth from the bottom up to the top of society.

The Central Bank creates 97% of all money, borrows and ask back with interest. With so much money being generated, the products become more expensive, but the citizen did not have a salary adjustment or if he had is insignificant in the face of inflation, and because of the interest and debt he has to pay he becomes poorer and his money with less purchasing power. Another problem would be the countries that can not lower and control high inflation in the long term with rising unemployment rates. What do we see in Brazil today, and why is this happening? Due to the decrease in investments in the productive sector. It is not over, what also happens is that while the currency devalues in one country, the others, especially the dollar, do the opposite movement. If the country with the highest inflation is very dependent on imports from other countries for example, the imported products increase the price, a fact that fuels even higher the inflation in this country.

Systemic corruption occurs because of weaknesses in organizations or the process as a whole, as well as with individual agents acting within the system Factors that generally encourage this practice and delay an entire economic cycle of a country are: Conflicting incentives, monopolistic organizational powers, lack of transparency, low wages of its population and a culture of impunity. Corruption can occur in many sectors of the economy, be it public, private, industry or ONGs. In the public sector it is one of the most dangerous forms,that is because of the generalized effects it generates. In fact, we can see corruption in politics, even before his warrant, that is, in the elections. There are also the Global Mega-Organizations that are richer than many countries, with their interests above all, they buy even governments.

It is the rich taking money from the poor and paying them out due to their own interests. Again, it is good to point out the disparity between riches, some people with a lot, some with very little, a lot of this due to a flawed monetary system, and systemic corruption. Brazil is among the great world powers, but at the same time it is among the leaders in the low income distribution per capita, also due to the high corruption. If the wealth of the millionaires was diminished and distributed, would this fact make the world more equal? Or are there other problems within the economic cycle that can not bring certainty of equality?

It is true that those who contribute more, work hard, with intelligence, with new solutions are they technological or social, deserve a reward in height, but and the people who do not have the opportunity to progress due to a failed political and economic system, it is right that people in an advanced society, can not have their basic needs met and opportunities that make them grow before society? Many geniuses being lost, simply by being born in a location with systemic corruption, which prevents it from showing its value, is what we see in society today.

Blockchain is a decentralized technology,its like an array of blocks of a same system, its first appearance was in the creation of a person/person financial system (P2P), for digital money exchange, would be the first and most famous today cryptocurrency Bitcoin, the advantages of it was that it did not need any intermediary, no financial organizations mediating the transaction, making it much cheaper and transparency, it was accepted as currency because it was limited supply like gold. We can also see how Blockchain is Open-source, meaning its code is open, so people can improve it over time or make new products out of it. Thus becomes an incorruptible system, unachievable, due to its size and dispersion, each user contains a piece of it, so the decentralization. With its system of confirmations, it is impossible for you to spend twice the same bitcoins, and if it is possible to hack, it would still take a lot of computing power, and a lot of money, another thing that is important to emphasize is that if the thief sells his stolen bitcoins, the value would fall a lot, that is, it makes theft unfeasible, because it spends much more than it receives. All the movements can be seen on the network, so if some million dollar corruption were made, it would get people's attention, it would not be possible to know who sent it, but the high values would be there from one address to another. Still Bitcoin is not the solution to the world's economic problems, because it has become a kind of digital gold, that is, very expensive and also rare, in order to mining you need expensive machines, ASIC miner, making it difficult to acquire. It has become somewhat centralized because of this, because miners are the largest coin holders, due to its POW (Proof of Work) only governancy, in which miners are rewarded for the mining work, and as it the mining is expensive, few are the holders and its major authors of its governance.

Its technology also does not allow it to be used commercially, its transactions have become slow and its rates have become very expensive. Since technology is optimal and transparent, many ideas have come up using Blockchain, it has been invading various branches, leaving them transparent and fast, where there is a need for transferences of any goods, such as money, contracts (Smart Contracts-Ethereum), etc.. New currencies have emerged and will emerge, each for its purpose, Ethereum with its smart contracts has revolutionized how to use blockchain and contracts between two parties to be more transparent, Ripple facilitating multilateral banking exchanges,and some created for their own services, etc. Among many came the SmartCash. I believe that SmartCash, aims to be this currency that can be global and easily accessible, I believe it can more directly solve the economic and government problems of the current system.

It can be used for commercial or day-to-day use. It is cheap, global,and it is fast, and it will soon get Instant Pay technology, which will leave it with instant payments (still have no coins with this possibility, or very few)this is a must for commercial use. Also it has transparency, are incorruptible,has security and anonymity, with an advanced protocol called Zerocoin, which solved several problems that were in bitcoin in question of security and anonymity, due to that it has potential to replace debit and credit cards, due to the problems that the cards have but it does not have. Example: your wallet can not be cloned and a card can. Conscious Mining SmartCash is also a POW (Proof of Work) in which it can be mined, but the reward of the blocks does not go entirely to the miner, it sustains a whole community, in which 80% goes to the community to create projects and solutions for the good of all, and even mining can be done by most people, because it is easy, and it is not possible to mine with powerful machines, ASIC miners. It is limited, but it has 2 billion currencies, accommodating most of the population, and if you need to create new currencies, inflation will not have effects as in the current system due to SmartRewards. SmartRewards Solving Inflation A Price stabilization system, the members who maintains the network, that is, who keeps the coins for more than a Month, can see your money render, you earn a% of the reward of the mined blocks, if the price drops a lot, you will keep with the same money value, because of the coins you have earned, if the price goes up, you will increase your money, making it better than a bank savings for example.

Yet the 'owners' of the currency are those who benefit from inflation. Asch XAS Mining Machine here. That is, inflationary currencies will be returned to coin holders in some way in proportion to the amount of currencies they hold. Let us say then in the future world where this coin is, say, a global currency and prices are delimited in that currency, what would be the effect of that inflation?

Well, I would say it would be similar to the effect of inflation on our currently used currency. Fincen Decred DCR Mining. That is, a greater supply of currencies will raise prices. However, let's say that over the course of a year, a 1% higher coin supply boosts goods prices by 1% (would be an ideal situation). Well, in the case with Smart Rewards, currency owners will earn over the course 1% (example but its probaly more)more coins. So if it costs them 1% more for goods, they are not worse off than before because they in turn have 1% more coins. When you look at it that way, inflation is not really a problem issue.

One of its greatest advantages over all others and that can solve any future problem is its governance, everyone has a voice in it, you can present a proposal and be voted by other people for this proposal to happen, another thing is the vote, everybody can vote, with only 1 SMART you can already vote for a proposal. With this, the community, that is, the people, can govern in a certain way the whole system, true decentralized governance, if there is something that you think is wrong in its current system, you can present why, if you want to create new solutions through it, you can create a proposal for it. This can be the solution to systematic corruption, and it makes it possible to evolve more often through user ideas and solutions.

In this way, people must work together on agreed goals instead of competing with each other. We can see, how the SmartCash, as currency, can change the current world for the better. With it integrated system of governance and budget to streamline the development and maintenance of the currency. With its quantity it avoids major steps in supplying new currencies over time, causing ever-increasing prices and displacements. And in the future taking a small amount of inflation that could helps redistribute new currencies while not penalizing people who help protect the network anyway. Preventing the coin ecosystem from centralizing through the system of rewarding owners with SmartReward on labor of proof mining. With its advanced technology and protocols, and with its community governance, it will be possible to correct any failures and solve problems, as well as generate new ideas and solutions to improve the entire system, with the consent of the majority.

Thus becoming the solution to many current problems, and especially in the future. Are you interested? Steemit: Twitter: Reddit: Facebook: If you want to know more About SmartCash visit. Has voted on behalf of. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW. To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo. Has voted on behalf of.

If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW. To receive an BiggerUpvote send 0.5 SBD to @minnowpond with your posts url as the memo To receive an BiggerUpvote and a reSteem send 1.25SBD to @minnowpond with your posts url as the memo To receive an upvote send 0.25 SBD to @minnowpond with your posts url as the memo To receive an reSteem send 0.75 SBD to @minnowpond with your posts url as the memo To receive an upvote and a reSteem send 1.00SBD to @minnowpond with your posts url as the memo. Has voted on behalf of.

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