Well, the answer is quite complex, but to keep it as simple as possible.
Fiat currencies are as you pointed out debt backed for the sole purpose of giving governments the ability to tweak said debt.
It's literally as if you've entered a contract to purchase a home for example, but the APR is adjusted up constantly.
Quantitive easing is nothing more than the sneakiest way of overtaxing the constituency without them even realizing it.
The point behind Bitcoin unlike Libra is to remove this tool of financial oppression. an economic system with rigid supply cannot be used to privatize gains and socialize losses as Fiat currency economic models do.
libra is just a digital representation of the Fiat system, but I consider it a net positive because it normalizes the concept of digital money.
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Great comment. I really appreciate your kind reply @meno
Isn't true, that whoever control debt - will control economy?
I tried to understand QE and I'm failing. I've learned that new money can be "printed" only once there is debt to back it up. But QE doesn't seem to follow that rule ....
Indeed. Especially if we take into consideration that it will be 100% backed by FIAT reserves. So those two will go hand to hand.
I also wanted to make some suggestion.
My impression is, that the hardest part of attracting attention on STEEMIT is the fact, that our audience have very little chance to actually find our publications. Lack of solid notification system is an obvious issue. And regardless how hard I would try - there is very little chance I would find out about your new interesting publications (my feed is just flooded with to many posts).
Please allow me to share some suggestion with you. If you would ever publish content related to blockchain, crypto, artificial intelligence, psychology etc. then perhaps you could simply send me memo with link to that post.
This way not only I would have a chance to read your publication, drop a comment but I will also `upvote it right away with almost 20k SP voting power (I also have almost 10k PAL tokens, which may give you some extra benefits is you're using PALnet.io)
Please let me know what do you think. This surely should sound like a interesting offer :))
Cheers, Piotr
One more question @meno
How many tokens daily are you receiving from PALnet? It does look like 20 PAL a day. I've similar stake and I'm making half of it and I'm trying to figure out why ....
for a while I was posting 4 articles a day, so I was growing pretty fast... I've slowed down this week as I've been doing some house remodeling.
But that's "the trick" so to speak.