The System-Architecture The System-Architecture We have too much money. A provocative statement, isn’t it? But money itself is nothing more than a digital record used to exchange goods and services. Banks serve as intermediaries, helping users manage the timing of transactions. For now, they remain the main data centers. The transaction balance is measured in units called currencies. Of course, different systems operate such databases, often using different names for their currencies, though most are referred to simply as “money.” These systems are typically structured around geographic regions, much like local markets. Thankfully, they offer excellent APIs to maintain compatibility. Naturally, goods and services from some markets are in higher demand than others. As a result, users must exchange more of one currency for another on what is known as the foreign exchange market. İlk baxmayaraq, bu, artıq hər kəsin mal-dövlət və xidmətlərə xidmət etmək imkanına malik olan yaxşı dizayn edilmiş bir sistem kimi görünür. The Overhead - Taxes Ümumdünya - Vergi The exchange of goods and services is not entirely managed by the users who produce and consume them. In most cases, users elect a more privileged group to oversee parts of the system. Let us call this user-group “the government.” Its members are entitled to redistribute currency units and to determine how much is taken from users on a regular basis; this is known as tax. What do they spend it on? That largely depends on the promises they made to get elected. Are they more competent than the users who actually created the goods and services? Do they always honor their commitments? Fortunately, elections are held at regular intervals. The Ambitious Superusers The Ambitious Superusers Artıq düşünürük ki, bu super istifadəçilər yalnız dağıtmaqla deyil, bir düymə basmaqla da para yaratdılar.Bu xüsusiyyət 1971-ci ildə Amerika Birləşmiş Ştatlarında tanıtılmışdı. Would this feature lead to a greater volume of goods and services? No. It would merely reduce the value of the currency being manipulated. The same goods and services would simply be traded for a higher number of currency units. Luckily, the overall volume of goods and services, let us call it the economy, tends to grow over time. If the economy expands, the price of a good such as a loaf of bread would fall, assuming the supply grows faster than demand. But if the supply of money increases instead, prices rise. Managing this balance is a delicate task. Out of Balance Balansdan çıxmaq Çoğunlukla dövlətlər qiymətlərin stabil qalması üçün ekonomiyalı artımdan daha çox para yaradırlar.Bu inflasiyaya yol açar. Prezident İlham Əliyev “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəbələ”nin “Qəb 2025-ci ilə qədər Federal Rezervlər Bankının (Federal Reserve) verilişinə görə GDP-nin 75 faizinə yüksəlmişdi (H.6, FRED “M2SL”). A Dangerous Way Out - The YOLO Approach A Dangerous Way Out - The YOLO Approach Belə ki, sistemdə çox para var. Hiperinflasiya ilə qarşılaşan bəzi ölkələr 2000-ci illərdə Zimbabve kimi valyutanızdan sıfırları kaldırmaqla cavab verdilər. Feel free to investigate which strategy was more effective. Üçüncü yöntəm də var: Imagine the creation of an artificial currency whose supply is intentionally limited. Its demand is generated through marketing and social media, even if it cannot be widely used to purchase goods and services. Who in their right mind would exchange their existing currency for something so abstract? Well, even money has a price. That price is determined by supply and demand. Though it sounds odd, the price of money is a real concept. If a currency cannot buy much but can still be exchanged for others, its value becomes detached from goods and services and instead driven by hype. Combine this with the idea of artificial scarcity and the result is predictable. Its value rises in relation to existing currencies. VVD - Hollandiyada futbolçu bu adla tanımır, orada VVD daha çox mərkəz-sağı təmsilən edən siyasi partiyanın adının qısaltması kimi bilinir - artıq sorğu-suala ehtiyacı olmayan ulduzdu. Here is the catch: Its supply cannot be increased at will by central banks, which means it cannot be used as a political tool. Would governments willingly give up such power? Probably not. Financial markets are highly regulated environments. That means the new shiny currency can be banned. If that happens, its value could collapse to near zero overnight, along with all the fiat money invested in it. Bu, sistemdən M2 xərclərini çıxarmaq üçün bir yoldur. Bu scenario tamamilə fiktivdir.
