#BITCOIN had become #VALUELESS! #WHY?? #ZERO #ANONYMITY!
WHAT IS #ECOMMERCE WORLDWIDE? #MONERO!
Building A #Monero #Circular_Economy - Practical Steps?
Monero circular economy here I have a a
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very simplified example of the Fiat
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ecosystem or the economy the idea is
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that you sell products or services and
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from this there's some type of payment
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processor stripe or PayPal and then from
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here it goes into your bank account from
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your bank account you then buy products
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or services and these products or
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Services you then can use to continue to
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sell and stay in business and this is
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sort of how the circular economy Works
0:29
in a very simplified version as we see
0:31
here these green arrows are the inputs
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and then the red arrows are the outputs
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now how do we incorporate Monero into a
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a regular sort of fat business for a
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long time I used to think in terms like
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this where Fiat and Monero just kind of
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sit on top of each other and you offer
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products and services for Fiat and
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Monero and you have yeah you have
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different payment processes and this is
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sort of how you I used to think about
0:59
the building a Monero circular economy
1:01
so will sit on top of your fear business
1:04
recently my opinions of this has changed
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drastically in reality a business
1:08
seeking to take Fiat and Monero
1:12
simultaneously doesn't look like this it
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doesn't sit on top of each other it
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actually looks more like this where you
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have your your fat system and then you
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have your Monera system and this system
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really doesn't help build a circular
1:27
Monero economy because what happens is
1:29
you sell products services for Monero
1:31
then there's the transaction fee of the
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Monero then goes to your wallet and from
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your wallet it goes to an exchange from
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an exchange into your bank and then from
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the bank you buy products and services
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and so on so forth so really this system
1:45
doesn't build a Monero economy what ends
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up happening is that you're actually
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feeding the Fiat circular economy not
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the Monero economy you're taking
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resources out of the Monero economy and
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you're just you're simply just putting
1:57
it back into the Fiat system that
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doesn't really grow here it's just
2:00
there's a sort of constant cycle and
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it's not able to expand it's just sort
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of being inevitably sunk into the fat
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system once again there are some
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problems to this one being you risk
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losing money via exchanges right so if
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you're taking your XMR and you're then
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trying to sell it for pounds or dollars
2:22
the likelihood is you might lose money
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because well you are inter interjecting
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another middleman another payment
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