In the current monetary system only Federal Reserve Bank (FED) has right to issue paper promises. Those papers are called money and have not any intrinsic value. They function as money because the government foreces them on the public through legal tender laws.
Simply, Fed is a group of banks running a national counterfeiting operation with the protecting of the government. Issuing papers which have no intrinsic value and selling them to public. With Morningstar’s “finite”, decentralized, secure ledger system, a positive monetary change is possible. The power of money creation is given back to the people where it should have been all along.
Morningstar Payment Systems
Proof of Stake currencies (like MRNG) are several thousand times more cost effective. Any ordinary people can can mint new coins simply by holding coins in their wallet on an ordinary computer.
| Data | Value |
|---|---|
| Bitcoin’s current estimated annual electricity consumption* (TWh) | 16.3 |
| Country closest to Bitcoin in terms of electricity consumption | Lebanon |
| Electricity consumed per transaction (KWh) | 172.00 |
| Number of U.S. households that could be powered by Bitcoin | 1,509,607 |
| Bitcoin’s electricity consumption as a percentage of the world’s electricity consumption | 0.08% |
If you regard yourself among one of the the silent majority that suffer from current monetary system and are against it, make a step. Revolution does not come unless people unite and do something for it.
