Be Your Own Bank 2.0 | US Dollar About To Collapse As Euro Fails

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Coinbase Waves Goodbye Hawaii, Thank You Ignorant Regulators, NOT

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Be Your Own Bank 2.0 | Get Prepared For A Massive Economic Crisis & Financial Collapse

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Be Your Own Bank 2.0 | The Day Of Reckoning Is Coming & This Time There Is No Solution

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We Are At The End Of A Massive Monetary Ponzi Scheme

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Europe Will Have Power to Ban Blockchain Tech in January 2018

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How Money and Credit Control Your Life

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We Are In A Money Bubble Which Will Lead To A Fiat Money Collapse

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Characteristics of Money-Does Digital Currency Have Them?

  Money, according to Wikipedia is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts in a particular country or socio-economic context, or is easily converted to such a form.  

So if that is true, then MONEY needs to have some undeniable characteristics.  Typically there have been five of them through the centuries for any money to last any length of time. Scarcity, Recognizeability, Divisibility, Fungibility, and Portability are the original five, but there have been some more added over time and by necessity,  that will be mentioned further in the blog.

                                                 Image result for pile of money cartoon

Scarcity is one that has to be in place for money to work properly in any economy.  If it wasn't there would be no value to it and it would not be trusted as payment for goods and services.

  Recognizeability is another major factor in what money must be.  Whether it is paper, or coins, or cacao beans, it must be recognizable by the accepting party to trust it as payment.

  Money must have Divisibility be into smaller units, but still equaling the same value when the smaller parts are together in the same payment.  The decimal system has made this very simple with the money we know today.

  The next characteristic has to be present, almost more so than the others, for money to work as it is intended.  Fungibility is the property of a good or a commodity whose individual units are capable of mutual substitution.  So basically it has to look the same across the board according to the denomination.  It's kind of hard to tell now what the different money is and what it looks like anymore because governments are constantly changing the printing or design of it.

Portability is the last of the original 5 but still very important.  Money must be easy to carry around with you.  Would a 55 gallon drum of oil or a 100 dollar bill be easier to carry? Yeah, no brainer right?

Durability has come into play as a factor for any money to valuable in the different economies of the world.  For instance, coins had to be able to withstand time and wear.  But then over time the power that money extended to governments and rulers, made quality of that durable money became an enormous factor in its value and if it could be trusted. 

Today digital currency has brought with it some more characteristics that need to be in place.  Security being of great importance, there has to be a very secure way to transfer digitally from one party to the other.

Stability is the outcome, or benefit of a secure system that delivers digitally around the world through the technology of a block-chain that is decentralized and independent of control be any governing body.

We are about to to be a part, NO, WE ARE ALREADY IN one of the biggest disruptions of all world currencies the planet has ever seen.  The Roman Empire experienced it and is no more because of it.

Currency is the language that allows for the expression of transactional value between two parties.  So, in the digital age we are in, the coming of digital currency was always inevitable.  Thanks to Satoshi Nakamoto, known for inventing bitcoin, implementing the first block-chain, and deploying the first decentralized digital currency, it is becoming a reality.  Learn more here.

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Use CryptoMoney For Your Personal Finances

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Learning to manage your finances is a skill that needs to be learned prior to adulthood. Whether your current understanding of personal finance is weak or even non-existent, keep reading! Learning more about finance is easy. Find time in your busy schedule. What follows are some methods you can use to do this.

  1. Today is a volatile time it's wise to diversify your investments. Here are some of the types of accounts and investments you should consider: straight savings account, standard checking account, stock investment, high interest bearing accounts, gold investment and CRYPTOCurrency (like MCC – Watch Video about) . Protect your money with whichever of these ideas appeals to you and the current volatile global financial contest we are in … 
  2. Writing down your monthly expenditures can help you understand where your money is going. If you put your notes in an obscure location, though, it may be too easy to forget about it. Try writing things down on a whiteboard in your kitchen or somewhere else that is visible. By seeing it frequently, it will stay fresh in your mind. With the Blockchain 2.0 technology besides MCC (MyCryptoCoin), you can do it online in a better way, with the highest protection level 
  3. It is a good idea to have between two to four active credit cards if you are looking to improve your credit report. Having just one card will make it longer for you to get a better credit score, while five or more cards can make it harder to deal with finances. Keep two cards and don't add others unless necessary if you want to build credit. With MCC, you will have access to a 'new' credit card backed with cryptocurrency.
  4. Do you use air travel a lot? If so, it may pay off to sign up with an airline's frequent flier program. There are a lot of credit card companies that reward you with free or reduced airfare for making certain purchases. Frequent flyer miles can also be redeemed for all kinds of rewards, including totally or partially discounted hotel rates. To reduce the cost of paying, use MCC Universal Wallet (less fess – express payments globally)
  5. When dealing with credit cards and your finances, the safest way to stay on track is to limit your use of them as much as possible. Think about your options before you put anything on your credit card. In order to be paid, think about the length of time a particular purchase will take. You shouldn't make any charge that's not imperative and can't be paid off within a month. With MCC Universal Wallet  you have a powerful tool to make payments instantly and globally without requiring your credit cards (your 'own banking system' at your fingerprints)
  6. See what kinds of alerts you can set up with your bank if you take advantage of online bill and banking paying. It is rare to find a bank that does not send out emails or texts to alert of you of account events. Take advantage of your banks financial alerts to protect yourself from identity theft and overdrafts. With MCC Blockchain 2.0 technology forget about all that banking stuff (descentralized universal wallet – maximum privacy)
  7. If anyone in your family or amongst your friends has worked in finance, as they can give you great advice for your business, find out. They should talk to someone that they know has a good handle on their finances and their budget if one does not know anyone in the financial profession. Use MCC, is the future of the 'digital currency' !
  8. If someone notices that they always have a left over dollar bill after paying for something, there may be a way to stretch that to have some fun and win some money. Use your change to buy lottery tickets or small items you need. You can also take your coins to a change machine once you have a jar full of pennies. With MCC and the coming Apps, you will do all this online from your mobile instantly wherever you are.
  9. One of the most sensible ways to pay down your debts fast is to target credit cards with the highest interest rates first. It may be more psychologically satisfying to pay all of your debts equally, but paying down the highest-interest debt first makes the most financial sense. With rates expected to increase, this is a very important tip. With MCC you have an investment option to rise fast and pay your debts even faster 

A mature person knows how to properly handle their finances. You can cultivate this trait yourself quite easily. Anyone can improve their management skills with efforts and time. All you need to do is follow some of the simple advice that has been provided, and you too can improve your financial situation positively.

 

To your success,

José Angel Delgado

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