đ§”Most people misunderstand moneyâand itâs wrecking not just personal finance, but entire communities.
Letâs dive deeper than who's making money from your labor, to who's creating that money in the first placeâand then *circles* đ back to how to take that power back.
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You might think a dollar is a dollar.
But behind every dollar is a racket called *seigniorage* â the profit governments and banks make from issuing new money.
They print it. You chase it.
You create valueâ actual work, goods, servicesâ yet you get paid minimum wage by the hour.
Banks create that money out of thin air when the rich ask to borrow, then make more capital gains in a week than you make in a year.
Having access to create money is power itself.
Once I embraced this truth, I understood:
đđœ If we want economic sovereignty, we canât just fight to own the value of what we produceâ
We need to own the apparatus to money creation itself.
Enter: Circles
(Not the K-pop banger by SEVENTEENâthough yes, also đ„)
Circles bills itself as a fair-money system to fix problems of todayâs monetary policy.
Its core goals are âuniversal accessâ and distributed issuance â
â Every user mints 1 $CRC per hour
â No central authority, no Fed, no ECB
â You join via a web of trustâ3 people to vouch for you
Itâs universal, bottom-up money creation.
This isnât utopian theoryâit went live last month.
Circles rewires how money enters the economy. Instead of letting billionaires get rich on QE, you all co-create money and build an economy based on mutual trust.
Call it grassroots Keynesianism.
Imagine the bankers come begging for bailout the next time they crash the market.
I'd say FUCK OFF!
Billionaires shouldnât exist! Neither should Marineland. One exploits labor, the other exploits orcas. At least one of them is finally staying shut.
Speaking of bailouts...
We all know when the rich blow up the system, they get rescued.
Do you know what happens when regular people need help?
In 1887, Texas farmers begged for drought relief.
President Grover Cleveland said NO â because it would:
"encourages the expectation of paternal care on the part of the government and weaken the sturdiness of our national character."
Translation: No handouts for the poor. Just the powerful.
(You should read https://jalbertmann.com/shift-happens ) #booksky
Circling back to Circles.
Wanna become your own money issuer?
Get start with Circles in 3 steps:
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Step 1: Go to https://metri.xyz and open your âbank accountâ + money printer
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Step 2: Get trusted by 3 Circles users
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Step 3: Thatâs it. Youâre minting 1 $CRC per hour
The concept of Circles is simple. 1 $CRC per hour, each person's CRC is unique, trade is enabled through trust, which is fundamental to human societies.
Medieval England ran on the community responsibility system until a centralized regulatory system was created with the Glorious Revolution.
What Circles is doing is scaling that trust network with technology, because those centralized regulatory systems always get captured by the rich and powerful.
Now, if you think this is the same as Monopoly money if you can't buy anything with it. You're wrong!
1. You can swap to another currency
2. "Community Currencies" happened more often than you'd think. You may be interested to learn about past community currencies like BerkShares and Ithaca HOURS.
Finally, if you live in Europe or Brazil, you can also get the Gnosis Pay VISA card.
https://bit.ly/GnosisPayVisa
This is the end of the thread đ§”
Do you have any questions about Circles, Gnosis Pay VISA, or community money? Let me know.
Nick Wang