What is stopping people from making their own currency? Circumventing the banks?



Why doesnt each person make their own currency? Then they can trade it among other friends and relatives based upon the projected value by their registered associated holdings. Keep track by internet or phone app or something. Then we can all be our own bankers and manage our own treasury and so on. Goodbye banks. Goodbye inflations. Goodbye tyranny. Hello Just world!….?

What is stopping people from making their own currency? Circumventing the banks?
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4 Replies to “What is stopping people from making their own currency? Circumventing the banks?”




  1. First, most countries ban use of other currencies on their territory.

    Second and more importantly there is the issue of trust. You trust that the currency will retain its value, and will be accepted by shops whenever you decide to go buy something. Both may not happen. If too much currency is printed, there will be inflation. If shop owners begin to lose trust in your currency, they will not accept it. But you need to print a little bit of new currency to keep up with growing economy. And you need to print a bit more to invest into new businesses. So figuring out how money much to print is a pretty hard problem that none of you can solve.





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