Topic: FIX THE MONEY - FIX THE WORLD #Bitcoin (Read 463 times)

So Austrian economics. Without it, you will not understand the true meaning of this phrase.

The Monetarists built everything around garbage money, so they invest it and more importantly, get in debt to invest. Add the legal ponzi scheme of fractional reserve the banks do, and create the huge bubble distortion that pops from time to time.

Well, it may not be the end of the problems, but its definitely a solid good step. Imagine that, the State cannot go over-budget anymore, the hidden tax called inflation is no more at their disposal.

My point was that too much government means too much money spent without further thought. I'm honestly curious what would happen if by tomorrow, 99% of governmental policies which intervened the market were removed. I'm sure it'd have lots of negative consequences at first, but I believe it'd lead to a more prosperous community.

Strongly disagree. People always find problems, goods and services don't bring happiness. They do a pretty good job, but humans always feel there's something missing. Not having any problems is a problem itself. Happiness, in my opinion, comes from good problems.

Vet bills and heating for a couple of hens? You're overthinking a bit too much...

I know people who live in villages and produce their own eggs. All they pay is some corn to feed the chickens.

Decentralization is good everywhere (including food production), not just money.

Centralized food production means you can easily starve the masses... no bueno.

until you see the vet bills for a chicken and the ongoing feed and having to make a hutch and then a fence to keep the neighbours cat away. then there is the heating and other costs

there is a reason why people go to supermarkets.. mass production is cheaper than solo production

oh. and the only hedge would be if you want blackberries. they grow in hedges(bushes)

Not a hedge/store of value, but if you can grow your own food (not everyone can), then you can mitigate inflation for yourself.

i.e. producing your own eggs vs buying them from the market at jacked-up prices.

If it’s true money rules the world, the smart thing to do is to focus on where the money is.  The politicians get funding for their campaigns from the banks, big tech corporations e.t.c. Nothing is free in this world. How do you think the politicians can ever be able to control the people who own them? Society is at the bottom of that hierarchy. We have a weak society is molded by the information they receive from the news, entertainment industry and social media. People believe what they read and see on these platforms as the truth and never challenge themselves to learn the truth for themselves.
Can’t believe what I just read…Growing food in your backyard is a better way to hedge against inflation?

/Klaus Schwab has entered the chat...

You said all are connected? So, why only focus on banks? I think politicians do have a power to command banks but let's not forgot the society. The actions that they make will also have an impact on the other two. The slogan must be old but they only revived it only to tell that Bitcoin can be a good solution about this problem.

I think most us already know why so I won't say it again here. Inflation is high but I think we can still do something to be able to survived other than using Bitcoin as one of our alternative currency. We can grow our own food in our own garden. We can also raise animals to get dairy products and meat. This can save us a lot of money.

firstly
bitcoin is not supposed to be a "one world currency for everyone to use one system" or "handle all the financial transactions in the world" or whatever slogan you use to pretend bitcoin cant do things.. because bitcoin if it was a "one world currency" that then becomes as corrupt as the current regime of fiat

so dont try to postulate that bitcoin either fails as a system or has to reach supreme one world currency status to be successful.. preaches like that are just narrow minded

secondly
you are using a script from a small narrow minded group.. funny part is you are outdated because that small minded group now think bitcoin can fit in every and any bloat/meme anyone wants to put into bitcoin, but they still dont want p2p payments to be the main/cheap use case option. yep they want those doing p2p payments to pay more in fee's than what bloaty memes do per byte

so be careful whos script you want to recite as those small minded folk can never get an idea right. they just dont want anyone to be oppositional to them

one moment they say they are conservative not wanting to allow more tx count. next they are opening the floodgates letting anything in and saying no one should stop them

their end goal is not to fix bitcoin to allow it to be a financial payment system, they will do anything to make bitcoin not be a financial payment system. they do not want tx scaling. they want the opposite. these narrow minded folds are the 'red coats', pretending to be the ones standing up with bitcoiners, but actually they are standing in readiness to get the whips out and back stab bitcoiners from within

Money, Politics and Society are interrelated and cannot be separated from one another . I don’t think we can talk about one without talking about the other. The real world is run by banks not politicians, Davos is the biggest event of 2023. The world economic forum has a huge influence in political decisions because THEY control the money and hence make the big decisions. In short, I agree with the slogan “Fix the money Fix the world”, money controls the cycle of life. From birth, we grow to learn the value of money and most spend their lifetime working for money and more money till death.

Those who understand this, only they will know how much power this words holds. Those who doesn't, they are missing out a big time. I feel so jealous of those people who can use Bitcoin freely in their country. These politician and Governments are good for nothing scums. These old sh*t doesn't know anything about it and aren't even interested. Yet they ban it just like that.
I am sure when the whole world will adapt to bitcoin, then these will be countries that will be left behind and won't get their hands on it because it will be very late.

Well , i believe that every user of this forum is already a member of the bitcoin community, with what technology have brought to humanity, i dare to say that the use of fiat currencies ought to be outdated by now, but the government knows how much they are making from printing more and more fiat money, the high cost of thing which is as a result of high inflation does not affect them, so they really don't care.

So it is up to you, me, and each and every one of us to keep pushing bitcoin forward, lets keep talking and discussing about bitcoin in our various places, the more people hear, they more they want to know what bitcoin is all about, and so as well are we getting more and more adoption to bitcoin and cryptocurrencies at large.

Fixing the government is actually quite easy, we just don't do it unfortunately. You just elect people who are honest and not corrupt and you end up with a good nation.

There are plenty of nations that does this, they check a politician and if their promises align with being better for the nation they elect that person, but 99% of the worlds countries elect people who would be bad towards their opponents, if you are left wing you elect someone who hates right wing, if you are right wing you elect someone who hates left wing, nobody elects someone who loves everyone, left right rich poor old young, we need to elect someone who loves them all, and hates nobody.

As crypto enthusiasts, we consistently support Bitcoin. Yet, if we think that Bitcoin can end financial problems, then we are mistaken. The current inflation is occurring for a number of reasons that Bitcoin cannot resolve. Bitcoin is a currency that exists in the virtual world, much like other currencies. Global borderless transfer is a possibility with bitcoin. However, can't assist to recompense the financial situation.

Easy answer: a candy bar will cost $100 by then.

Isn't it will not work just like that because we don't have enough supply yet and more than that we count/measure bitcoin in terms of fiat itself. So as long as that is happening we will always have 24K USD In our banks if we have 1 full bitcoin with us. (*as per current prices).

It can not turn down inflation just like that because it will increase the cost of purchase over the time since bitcoin is limited in circulation and high demand will automatically set the prices to higher sides. It will only be beneficial to gain capital over the time but then wont be useful while buying small stuff. How would you buy a candy bar when satoshi or milisatoshi is worth 100 bucks in the future? I am projecting that price because if we are thinking about the world which has fully accepted bitcoin and everyone wants it then that would surely be a price for it.

I could be wrong about it but maths and technical analysis would result the same conclusion. How in anyways this can help us fight inflation in any universe?

#ilovebitcoin too. Its just the criteria that is not matching here.

That would require a lot more natural resources, though... 8 billion people living a luxurious life?

This has been something that I have talked about a long time, maybe it is a political ideology, maybe it is not, I do not know what this could be considered as but it is close to this sentence.

I believe that, if nobody in the world has poverty issues, no house issues, no car issues, everyone capable of buying the brand new iphone, a new playstation 5, a good computer, visit anywhere in the world, basically living a "rich" life, not wealthy, not Elon Musk, imagine someone living in the USA making 130k a year, that's quite well, but not wealthy, imagine that being the lowest, but with current purchasing power.

I guarantee you that ALL problems in the world would be solved, that's it. Whatever issues we have, racial, political, war between nations, ANYTHING, would be suddenly solved, because we all would have too much to lose.

Point A: the system of government and the entire government fiscal policy is highly corrupt and mostly developed to favour an individual, cost of government is high and for us to achieve an inclusive financial system, we need to develop a stronger system like bitcoin becoming a global legal financial asset.

Most countries around the world economy have faced many financial crises and high inflation rising cost of basic goods and other financial crises, the impact of covid locks down and other governments' rising debts.

The only functional systems that will have a long-term positive impact on the economy is to look in way of digitized tokens and coins having a legal framework for bitcoin, a technological adaptation of blockchain with all necessary supporting amenities such as electricity and internet services.

To be honest, yes. It sounds too good to be true.
We, the people, don't build any barriers. It's the Government. I don't know why. But I can assume why. The banking business is one of the top income sources of the Government. Banking systems are here to stay. The more users and money people transact, the more money they will make, and the Government will get money from there. At the same time, The Government gets nothing from Bitcoin transactions.

So, why would they give you anything for free when they can profit from you? Think twice; This is one of the reasons why the government always builds barriers that prevent people from joining the Bitcoin Community. Still, Look at the forum, look at the social media. Whoever knows the benefits of bitcoin loves it.

True, the implicit message here to convey is that trading and investing is a game for adults, not for the easily excited. It never hurts to be well informed about the risks involved in investing in cryptocurrencies. It's not just about price and it's about the underlying technology and the various opportunities that come with it.

Absolutely the right words. The world order is based on money. Money is a kind of justice, and how can justice be centralized in the hands of several people?
No!
Bitcoin can fix this.
Each of us is constantly thinking about money. Everything is based on them, and if cryptocurrencies become legal everywhere, replacing paper money, it will be fine and Fair.

Bitcoin ain't no hocus-pocus fix for everything in the world. It's got a specific purpose, which is to give folks control over their own money and let them be financially independent. But, like, have you heard the catchphrase "Be your own bank"? I reckon it's pretty funny and grabs your attention. It also shows how powerful and dope the tech behind Bitcoin really is.

It's important to spread the word about Bitcoin and what it can do, but we gotta keep it real and not make wild claims or hype it up too much. When it comes to investing in Bitcoin or any crypto, you gotta be smart and do your research, for real. From my experience, it's best to think long-term and not freak out or sell just 'cause the market takes a dip or goes crazy.

Bitcoin won't become a global currency and not all countries will consider it as legal tender.

Bitcoin and Bitcoiners can not fix the world economy and financial system. We can not but Bitcoin gives us a fair chance to accept or reject it. It gives us chance to invest in one of best investment assets in history. It is supported by the technical evolution originated by blockchain technology and Bitcoin.

Thank you.

If we use that perfect motto, does it sound like "Too good too be true"?

Things are "too good to be true" will cause doubtful thinking in people who receive that message. We want to expand Bitcoin adoption but don't want to build barriers that prevent people to join with Bitcoin community.

You are 1000% correct but believe it or not its near impossible to fix the whole government in a country politic is number one


Right  it's very sad right. In my, COuntry Indonesia is well known as a Spice Exporter Biggest nickel reserve top palm oil producer, and much more although the price of the rupiah is still bad against USD or other ASEAN countries

Owning bitcoins is like keeping a huge amount of money hidden. If you invest all your money in bitcoins, no one will ever know how much money is there. Bitcoin is one of the mediums in terms of privacy. To me, owning Bitcoin means thinking of your mind as the king of peace. A person who has a lot of money thinks himself to be a great king because having money makes the mind very beautiful and happy. Bitcoin we all love but not blindly.
I can agree with this slogan if I can invest free opinion and express it among people.

I partially agree with the statement "Fix the money, fix the world". However, there are several problems here.
We can fix the money globally, if gold coins become the global currency again(or we revive the gold standard all around the world). The problem is that there's not enough gold to make enough gold coins to cover all global transactions.
The same thing can be applied to Bitcoin. We could make Bitcoin the one and only global currency, but the Bitcoin Core blockchain cannot handle all the financial transactions in the world. Scaling remains the main problem, when it comes to fixing the global finance.

Well said, bro!
This is precisely what others will agree with. Yeah, We love Bitcoin. That doesn't mean we must support it blindly, and not think of another side. Also, I believe this slogan means being for the financial side, not social or political. A simple word can be used for various things. Take "Script," for example. The same word is used by movie directors, which means the story and plot of the movie. When it comes to a web developer, He means it as web application script.

In this case, Fixing the world means fixing the world's money system.
Surely bitcoin won't be able to fix everything outside of the financial system. But, It will help in many cases, such as privacy. People won't know how much money you have; no one can search for it until you let them know. Banks and fiat money are here to stay at the end of the world. If there is no one to rule, What is the benefit of being a king? Bitcoin holders are the Kings.

It should actually say... "Fix the governments and then fix the money" ...because governments are at the core of the problem with money. They are the main cause of inflation and hyper inflation, due to poor economic policies and bad implementation of these policies. 

You cannot manipulate economic statistics to suit your political agendas, so that you look good for international investors and for your voters. It is all about power and retaining that power at the cost of your economic prosperity. 

Bitcoin cannot solve that.... but it can serve as an alternative when it fails. (Example : Zimbabwe / Greece ...Cyprus) 

The information you got is correct. Africa has abundant resources that can make the continent a prosperous one, yet its nations are highly indebted. These lending organizations use loans to manipulate and control the economic sector of their debtors which includes devaluation of their local currency making the dollars stronger. Bitcoin could help to reduce the dominance of dollars in the global sphere which might make international trading less 'dollarized" but it is not the only solution to the economic woes of developing countries.

The main problem of most natural resources rich but economically poor countries is corruption and bitcoin might not be able to fix it. Until the leaders of these nations focus on using the available resources to develop these nations and not on embezzlement of funds, their economic problems will remain. I agree that money (bitcoin) is part of the solution but it is not the only solution to global problems.

We do not live in a utopian society, never have. This should help meter our expectations from the government and the way global economics work.
Bitcoin is a futuristic technology and would impact lots of lives and to a mild extent some country's economy, but it is not a "one solution fixes all problems" kind of situation.

The world is largely run on debts, both within governments, businesses and individuals even. Removing the concept of loans would negatively impact the way things are run, the ability to scale business enterprises or find capital to start up and also the effectiveness of a government to run.

I love the slogan. and it has a broad meaning. because it's about achieving a freedom and a transparency that is currently lacking in the financial system. Bitcoin has become a solution for many people with various goals that may be different for each person. But everyone wants freedom. we like something with a high level of transparency. and bitcoin is the answer. remain transparent in transactions but our privacy is maintained. yeah that's a super plus value from bitcoin.

It is simply unpopular at the time because people refuse to change unless it is absolutely necessary for them to do it, and even if the average person can tell there is something seriously wrong with the economy they to do not want to rock the boat as at least they still have a job and a way for them to pay the bills.

But you can be sure that once most people cannot even do that they will start to ask for changes to be implemented, and the way money works will be one of the topics which will be over the table once that happens.

It's technically nonfactual due to the reasons you've listed, but it's one damn great slogan though. Giving less money/funding to the governments should greatly reduce their power over people and less funding for wars — which in itself is a huge thing.

^But yea, it doesn't fix everything lol.

Money is often the cause of trouble. If not for money the government will not exist, it's the one that keeps it up. As much as we want to fix the world, people will always want to pick a fight over money. War is often because of resources which in turn Money still.

I have heard of this line before Bitcoin and as much as I wanna see it heard by more people. It's tweeted less than 500 times. That alone means not everyone is agreeing with it. I guess the libertarians left in crypto don't want to dip thier toes in politics.

To be quite frank, I don't agree. It's as if the world's myriad of problems are all caused by the way money is, or money itself. Nope, I don't think so. Even during the primitive era, there was probably already murder and theft and robbery and rape and arson all kinds of crimes. When human civilization used the barter system, it doesn't mean there were no wars and conquests and bloody seizures of power and otherwise.

I am in agreement that fixing the money, which is dirtier underneath than how it all appears from the outside, would contribute in fixing the world, but it can only do so much. It's probably obsession to think of Bitcoin as a technological panacea. Truth be told, there's no silver bullet that could fix the world.

And I think this popular line is not originally coming from Bitcoin Magazine.

I very much agree. We should also be realistic about this and try to see everything from an unbiased eye. On account of bitcoin's monetary policy alone, it will certainly cause it to be unstable and as an effect it will be difficult for it to fix money because of this. I am sorry if it appears that I am antagonizing again, however, we should live in reality.

Debt is never-ending story

Yeah Agreed money needs to be fixed

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I just do some research and correct me if I am wrong that the developed country or at least a county who have a bunch of natural resources always had poor currency against USD dollar or against other currency

I love Bitcoin but I don't love that slogan. Bitcoin is Bitcoin and its most important mission is giving people freedom of what they own (be their own banks) and better if they invest smartly they will get financial freedom too.

I disagree with statements to over emphasize missions of Bitcoin. It is not here to fix everything on Earth. It is unable to fix local or global economics or social, politics problems and other issues in other areas.

To make Bitcoin more friendly with the crowd, I don't think we should spread that statement that can makes side effects.

The system of money is controlled by these individuals who are in government, the money needs fixing with bitcoins, but agreeing for a fix for a problem sometimes created by themselves is the act that is in itself difficult for them. If they are not beneficiaries of the system, the will agree for a fix in the world by fixing the problems caused by money with bitcoins seeing how things are. The system is bad already without any sign of being better if the new change is not adopted, the system is possible to collapse and make the world more unbearable. Change is inevitable, Change is bitcoins, bitcoins must come, whether a fix is agreed upon or not.

I was really interested to read what the thread had on Twitter only to find the guys behind "FIX THE MONEY - FIX THE WORLD" were simply doing some marketing , but either way, the message is loud and clear!

Btw, if the world was to be fixed using money bitcoin, the real winner here would actually be bitcoin itself...

think about the demand that will storm in and push price up, but of course, this will never be a walk in the park, politicians will always stand in the way of such a noble cause to protect their interests because they know they are the guys behind corruption, kickbacks you name it and allowing bitcoin free entry means cutting their dirty deals out...this is going to war afaik.

And debt is also one tool used as a way to control other entities/counties in need of financial assistance and if they fail to pay back get to pay a thousandfold and the citizens are the victims in the end after the carelessness of a politician.

/Klaus Schwab has entered the chat

Too bad he'll have to confiscate your property to forgive your debt...

Debt and the creation of debt "at the flick of a hand" per se isn't the problem, though. The problem in my opinion is that the creation of that debt doesn't happen at the expense of those who create it. To be precise, when the government creates debt, it's the people who pay it. Different entity takes the loan, different entity pays back the loan.

Besides the central point of failure, which in a completely free enterprise system doesn't affect the entire economy but only the merchant, it incentivizes reckless spending. The reason is pretty simple: you only think carefully when you spend what is yours. When you spend somebody else's money for their good, you're prone to spend it recklessly. So more government spending is more reckless spending.

Agree DooMAD.

Debt, and just the creation of debt at the flick of a hand, and the meddling with economics be the few, using opaque systems that have no rules other than arbitrary ones that we aren't even sure are being followed, with no way for anyone to audit, to keep things in check and balance.

The entire system is creaking under masking tape and band aids, held up by obsolete, costly, infrastructure completely exposed to human error and manipulation. And always to benefit the system, rather than the people it claims to support.

Money needs to be fixed, and it starts with a system reboot. Debt forgiveness.

The community does at great job at explaining the benefits for individuals when using Bitcoin (privacy, security, etc), but it's probably fair to say we could do a better job of highlighting the wider economic impact Bitcoin's ethos could potentially have.  We stand in stark contrast to traditional debt-based economies.  Since 2009, we've proven beyond all doubt that not only can economies function without debt, they can flourish.  Imagine if the world ever stopped chasing the ridiculous notion of perpetual growth in the economy.  Feeding the debt-monster to pretend that it's somehow better for everyone that way.  Things would be remarkably different if the rest of the planet did things more akin to the way Bitcoin does them.

Just thought to share this nice text I found on Twitter from Bitcoin Magazine. I follow them for Bitcoin updates regularly.

The world is having too much inflation around. To fix the world, the necessity of Bitcoin is inevitable.

Here's part of the tweet they posted.
Fix the money. Fix the world. Join the cause. Join the Bitcoin community, the Bitcoin movement.

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