Until a stable cryptocurrency becomes mainstream, no cryptocurrency will be mainstream

Governments removed asset-backing in the early 1970’s, floating currencies globally so they could print as much as they wanted. By creating money from nothing, they devalue the wealth their populations have earned through hard work and innovation. Already taxed horrendously, most developed governments have put their countries deep into debt. Now new generations are stuck with obligations they cannot expect to meet: they are slowly becoming slaves to incompetent bureaucrats who create little value for their people in exchange for the money they confiscate.

Faced with this nightmare, people invented the Bitcoin and other cryptocurrencies, and once again gave themselves some hope for better lives. What is this solution? They are printing money for nothing, just like their governments! They are also “taxing” people to provide currency, and taking a little of that from the governments. At least people are making money while they do it, however.

But the invention of digital money is a much better opportunity than these innovators realised. Instead of more fiat, in the form of Cryptofiat, Worldfree’s asset-backed, stable currency, the FreeMark, restores legitimacy to monetary policy, and automatically pays royalties to savers when the money supply expands, the opposite of inflation.

Because most of the money the currency is sold for is saved in order to back the currency in a managed, audited and regulated fund invested in physical and productive assets, the FreeMark is a better medium of exchange than government or crypto fiat, providing an opportunity for inflation and deflation resistant financial culture.