#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
0:21
or services and these products or
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Services you then can use to continue to
0:24
sell and stay in business and this is
0:26
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
0:35
and then the red arrows are the outputs
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now how do we incorporate Monero into a
0:41
a regular sort of fat business for a
0:43
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
1:06
drastically in reality a business
1:08
seeking to take Fiat and Monero
1:12
simultaneously doesn't look like this it
1:14
doesn't sit on top of each other it
1:16
actually looks more like this where you
1:18
have your your fat system and then you
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have your Monera system and this system
1:24
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
1:33
Monero then goes to your wallet and from
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your wallet it goes to an exchange from
1:38
an exchange into your bank and then from
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the bank you buy products and services
1:42
and so on so forth so really this system
1:45
doesn't build a Monero economy what ends
1:48
up happening is that you're actually
1:49
feeding the Fiat circular economy not
1:52
the Monero economy you're taking
1:54
resources out of the Monero economy and
1:56
you're just you're simply just putting
1:57
it back into the Fiat system that
1:59
doesn't really grow here it's just
2:00
there's a sort of constant cycle and
2:02
it's not able to expand it's just sort
2:04
of being inevitably sunk into the fat
2:07
system once again there are some
2:09
problems to this one being you risk
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losing money via exchanges right so if
2:14
you're taking your XMR and you're then
2:17
trying to sell it for pounds or dollars
2:22
the likelihood is you might lose money
2:24
because well you are inter interjecting
2:26
another middleman another payment
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