The 'Free Money Concept': Liberation from the Monetary System According to

Question

The 'Free Money Concept': Liberation from the Monetary System According to

a survey I conducted, 93% of people would prefer an alternative to Central Bank Digital Currency (CBDC), but only 14% are willing to engage with it. If we don't act on this now, it may soon be too late to establish an alternative system.

Implementing this concept takes only about 30 minutes and could free us from dependence on central bank money. Initially, we would still be operating within an environment tied to the old system, but gradually, more and more people would participate.

The changes we would need to make are minimal, and we could slowly adapt to them. As long as it is allowed, we could continue to use cash. Otherwise, we could use a free, decentralized, limited, and emission-free digital "currency" that incurs no transfer fees.

This concept is not about speculation. Its aim is to make fiat money and CBDCs obsolete by simply using a different form of "money" more and more extensively, as far as possible. We could start by persuading people in our surroundings, such as the owner of our local pub, the baker, friends, colleagues, communities, cooperatives, and others.

The first step is to encourage receiving NANO, with those who can exchange fiat currency for NANO on crypto exchanges leading the way. Others should focus on receiving NANO and gaining access. Once you own NANO, you should try to use it whenever possible.

The more people use a new payment method, the more obsolete the old monetary system becomes until we establish our own. This would mean we no longer need banks and no longer incur fees. Even micropayments would be possible.

However, speculation is not the primary focus. It's not necessary to exchange large amounts, only as much as you need in the short term. Depending on how user-friendly the apps become, you could exchange between different "currencies" on a weekly, daily, or as-needed basis.

After extensive research, I found a cryptocurrency that meets my criteria: NANO (symbol XNO). NANO combines several advantages:

- No transfer fees
- No emissions
- Limited supply (no inflation possible)
- Decentralized
- All units already in circulation
- No blockchain, but a Directed Acyclic Graph (DAG)
- Not anonymous, making it tax-compliant and resistant to money laundering

In my view, NANO is perfect for this transition. The developers of NANO aimed to create a digital "currency" that functions perfectly as a means of payment, and they have succeeded.

It's important to emphasize that the concept doesn't prohibit using other cryptocurrencies for different purposes. If you own a substantial amount of NANO and can't spend it immediately, you can exchange it for other cryptocurrencies to diversify your holdings.

The idea is for all of us to accept NANO and agree on a central cryptocurrency to simplify matters. When NANO is accepted everywhere without fees, we don't need to compare exchange rates or hold various cryptocurrencies.

NANO would be ideal for daily payments and long-distance transfers, while other cryptocurrencies like Zcash could be used for anonymous transactions.

Why not Bitcoin? Bitcoin consumes energy and incurs fees, which is contrary to NANO's principles. However, Bitcoin could serve as a store of value while NANO is used for everyday transactions.

Implementing this concept requires only about 30 minutes for the first step towards a new monetary system. Here is a guide that can help you: Link to 'Nano beginners guide'

In this guide, you'll learn how to install and set up a wallet, how to buy or receive NANO, how to spend NANO, and how to implement this concept in your daily life.

The goal of this concept is to free us from fiat money and create a free society.