Not all money are the same. In fact, there are major differences between Apollo all-in-one privacy currency (APL) and gold as well as sovereign fiat cash. (See above chart.)
Here’s a quick comparison:
- Unlike gold, you can take Apollo anywhere — through airports, marine ports, and other travel points. Just download Apollo Wallet and you can bring an unlimited amount. Many countries restrict how much physical gold and cash you can travel with (i.e., $10,000 USD airport limit). Bringing gold coins may put you and loved ones at risk.
- Unlike sovereign fiat, Apollo is durable. Physical cash can be damaged or destroyed, and their purchasing value diminishes with inflation (which economists regard as an indirect tax). Apollo features 0% inflation (fixed supply of 21 billion) which protects investors. The current circulating supply is 15.4 billion. (See whitepaper.)
- Unlike gold and cash, Apollo lets you make low-cost, frictionless, and extremely fast transactions anywhere in the world that has access to internet. With Hermes 1.0 update, APL features 1–2 settlement time, which is faster than Ripple’s 4 seconds. At this speed, you can send digital funds in near real-time. With Hermes 2.0 (to be released in Q1 2019), APL will be even faster. It will feature Blockchain Sharding, a groundbreaking method that splits blockchain into segments. This approach has positive effects on volume of transactions, download speed, blockchain speed, and overall stability of ecosystem.
- Thanks to Olympus Protocol 2.0 Apollo obfuscates your identity, location, and money paper-trail. Gold bullions and cash are tracked 24/7 by outside parties and/or governments. Our development team launched Olympus 2.0 in Q4 2018. It provides (a) encrypted IP Masking and (b) Coin Mixing (Apollo Mixer) to give you the best privacy protection in the industry. Gold and cash can’t do that because they’re non-programmable money.
Nobel Prize-winning economist Milton Friedman observed: Why dig up gold in South America or Africa only to bury it in New York? His point is that under traditional monetary systems, central bankers or governments merely transfer gold from one location to another without creating any value in the process. (You can’t eat gold.) Gold mines in Africa are merely transformed into gold bars stored in New York Fed.
Apollo’s Financial Potential
You can get Apollo all-in-one privacy currency on exchanges like BitMart, CoinBene, and IDAX.
Below, we explore how long-term use of fiat cash can harm your wealth. Cash (like the U.S. dollar) is a depreciating paper asset that loses significant buying power over the long-term. (The dollar loses about 2% annually on average.)
At its current price of $0.0008 Apollo offers potential significant financial upside if and when institutional investors place more capital in cryptocurrencies. APL is the first all-in-one currency that combines every mainstream feature into a truly private, unregulatable platform. (See video.)
Apollo’s IP Masking 2.0 hides your physical location — which can protect your safety. The groundbreaking tech doesn’t rely on relay-based masking solutions which can be tracked (such as Tor). Instead, our version uses encrypted-data IP masking which cannot be compromised. Thus, it’s possible to use APL in China (where Tor is blocked) and other restrictive jurisdictions.
Money Vs. Cash
The definition of cash (currency) is different from meaning of money. The dollar bills in your wallet (fiat cash) loses buying power over time. While money (gold bars, silver coins, etc.) has sustainable value over time.
Which option would you choose?
A. You store $1 million in cash dollars in a vault and give it to your grandson in 50 years (the year 2069).
B. You store $1 million in gold bars in a vault and give it to your grandson in 50 years (the year 2069).
Most rationale people would choose gold. Gold is an appreciating asset that has reliably increased in purchasing value over thousands of years. It’s a rare metal and proven store of value.
However, the fiat dollar is not rare at all: The Federal Reserve floods the global economy with cheaply-printed dollar bills.
Uncle Sam’s greenbacks have lost nearly 98% of its buying power since the creation of Federal Reserve System in 1913. For example, in the mid-1950s a Coca-Cola cost just 5 cents. Today, Coke can cost $2 to $3 per bottle because the dollar is that much weaker. In the long-run, unbacked dollars are not a store of value.
What Is Money?
According to Nobel Prize-winning economist Milton Friedman, money is medium of exchange that someone will accept not necessarily because they want that particular item (i.e., gold bars or silver coins), but because the recipient knows other people will also accept it as payment.
Venezuelan bolivars cannot be defined as money. It’s worthless but it’s cash nonetheless. The digits printed on bolivars (10,000-bill, 20,000-bill, 50,000-bill, etc.) are merely nominal values.
Nominal values don’t mean anything: They’re literally just numbers printed on paper. Just like Monopoly cash have different nominal denominations.
The only thing that matters is purchasing value — what the fiat cash can actually buy. Each year, U.S. dollars buy less and less because the Federal Reserve keeps expanding the currency supply by purchasing government bonds (debt).
For thousands of years, our ancestors used commodity-money: cattle, salt, silver, grains. These had (and have) universal appeal because nearly every person can use them one way or another.
“I ask, sir, what is the militia? It is the whole people, except for [a] few public officials.” — George Mason