Topic: Human productivity - page 2. (Read 410 times)

every result of one's efforts, in the end will be used to prepare savings in the future. everyone wants to be better, more valuable and simpler. now is the digital age, and for those who know cryptocurrency then people
will take advantage of that. but unfortunately everything is limited by regulations and the whales who play the price so that cryptocurrency is something that some parties fear.

I do not believe that productivity could be counted, there are people who get a lot more money not because they are productive but because they are in a business that makes money.

A very simple example that has been given for many years is the difference between a doctor and an athlete, Ronaldo makes more money than almost any doctor I believe, at least anyone you may know, not the ones that may ended up owning the whole hospital. Think about it, a league of football players make more money than your entire nations medical workers, that is not just doctors, that is nurses and reception and everyone else included, anyone who works in health industry, and that is COMBINED.

This is why I think it is not productivity, it is marketability, if you do something silly like work just 10 minutes a day and sleep the rest and you can still sell that to the world? That would be good enough to make a profit. Hence there is no need for fiat vs crypto in that case, nor gold would matter in that case neither.

All productivity is by default human, no need for redundancy. People speak of productivity without a clear understanding of what it means: it is the unit of produce (many times measured in adjusted currency) per hour of work. You can also measure productivity by unit of land or other, but normally is about human work.

Historically, yes productivity has increased as humans have learned to do things better and more efficiently, now we should be thinking less about being productive and much more about being sustainable as a species in the long term. Crypto are a material step in innovation, yet it has to be sustainable.

Interesting. .
Doesn't mean we can't have decentralized wallets and exchanges that work more morally/legally than the centralized wallets and exchanges.
I think network participants could have hard-coded & automated rules (that do not violent the ideals/principles of Blockchain) working in the background to keep decentralized cryptospace safe. A well built decentralized cryptocurrency can even be used to easily check centralized powers and their tendency to be corrupt.

It's very clear that if we talk about bitcoin and gold they are very different,
cryptocurrency prices are very volatile while gold prices are much more stable,
so indeed in cryptocurrency the risk is greater apart from that all the moments of growth from bitcoin itself are highly anticipated and hopefully it can happen in the near future

On August 15, 1971, President Richard Nixon announced that the United States would no longer convert dollars to gold at a fixed value, thus completely abandoning the gold standard. So now Fiat currencies are simply IOU's for debt on a piece of paper or on a coin... because governments are printing fiat currencies like toilet paper. 

Crypto currencies removed the government and private Banks to eliminate their manipulation of our wealth, so now we can deal directly between each other, without a 3rd party controlling our wealth.    (Some people use 3rd party services like centralized wallets and exchanges, so they give back control to governments..because these services are regulated) 

I simply see Bitcoin as Bitcoin, and not as gold as some of you would always say. I feel that the both of them are totally different. I do know that they are both being used as a store of value, but Bitcoin is not the only asset, neither is it the only cryptocurrency, that can be used as a store of value.

There are lots of other assets out there that are being used as a store of value and also for transactions, why are they also not being called another ‘digitalgold’ like some would call Bitcoin? Bitcoin is totally on its own path, and for sure we look forward to more growth of Bitcoin like it is doing now.

Well Honest issue is the transaction speed and fee in which needed to be updated or we will use alternative coins to make it possible.

but as far as the transaction is concern this is the safest for me.

Being digital doesn't always mean bitcoin or crypto is involved here.

The world is slowly changing the ways of payment thru only digital. Much especially during the pandemic where online payment is encouraged as a mode of payment even in physical stores.

Remove the idea that Bitcoin will replace the traditional fiat. Fiat transfers will still dominate the payment system in its digital form.

Bitcoin cannot be compared to gold bitcoin is more valuable than gold the world is moving forward digitally. The skills required to develop the processes used in the manufacturing system have changed drastically over time as labor is less expensive in developed countries much less skilled production work has moved from developed countries to developing countries. More efficient manufacturing, especially precision and high end products are adopted in developed economies technology has made manufacturing more efficient and workers more productive.

Not really!
For most of ancient history and medieval times, farmers either exchanged their goods in barter deals, this extended till the 19 century for some parts of Europe or they would get paid mostly in silver. One as to look at what the roman empire run on and it wasn't really gold, more like silver with bronze and copper battling for number two spot. As for the IOU, that never happened for the average farmer or citizen or anything, the first form of IOU was solely used by merchants and was totally inaccessible to the masses who could barely read and write their name.

The whole thing of gold coins being used when paying for everything in a medieval town is just Hollywood, in reality, it didn't happen. You would see a hundred times more people splitting silver coins into two or four pieces to pay for stuff than owning a gold coin.


You could do that for decades prior to this..
Your oversimplifying things, it's not like you have excess production and in a matter of seconds you can sell it for bitcoins, trust me! I've spent way too much of my life dealing with the farming business and you have no idea what a pain in the ass negotiations over a few cents per kilo is, the speed of payments is your last concerns, securing cheap resources and getting a good price on it are for more troublesome than actual work. Bitcoin is money, if you can't sell your product for money then you won't be able to sell it for bitcoin either and the chances are far worse with the second.
Be honest about it, when was the last time you purchased wheat or meat or eggs with BTC ?

That being said, I don't know why you made the title about productivity.
Productivity has nothing to do with bitcoin, bitcoin excels at transferring wealth or storing it, it won't increase productivity simply because you get paid in it.
It might be like this in the future but at this point, the major path is still goods > fiat >btc > fiat >goods.

Quite true, the analogy of Bitcoin with gold is a completely correct analogy. Bitcoin is a valuable as well as rare currency. In addition, Bitcoin is superior to gold in terms of the ease of maintaining it safely, as well as the ease of transferring it across countries and continents. Gold costs a lot of money and time to protect and transfer while this is done easily. In the case of Bitcoin

Indeed the humans undoubtedly has gone so far from where it was back then. And to this day, innovation happens all over the world in both huge and small scales. Which is why I think that cash will someday also become as something that humans just look back upon and not ever use again because of the "new" ways to trade. But this happening is still impossible at the moment and we may even be dead already by the time this comes to pass. Still though, there are lots of altcoins existing that can serve this purpose pretty well compared to bitcoin. Well, we'll just have to wait and see what the future holds for us.

As time goes by, the cycle in each activity will change. as well as you have analogized above. that we actually utilize technological resources because the times have pushed us to be able to adapt to them. if not, then many things will be left behind, maybe if we don't follow the flow of technology we don't know the ins and outs of Bitcoin and all things related to cryptocurrencies until now.

As digital users with sophisticated transactions, we must be productive based on the realm of positive activities.

and the problem is in the government and their policies that continue to limit our current Bitcoin holdings, thus using tax payments on Bitcoin holdings to some extent. in our country we are still grateful, because last month our country launched its own crypto. it has shown support that gives us a bright future ahead.

I believe that gradually each country will consider Bitcoin and loosen the rules that have long narrowed the movement of Bitcoin in the territory of state authorities.

Sounds nice, but this was all true already before bitcoins. With USD we could already exchange in many countries money for goods, and with USD we could also send money all around the world. Western Union is doing that concept for many years. You can deposit money in your local currency, and transfer it within one day all around the world to another country and withdraw in USD or their local currency. I agree with you, Bitcoin is definitely the digitial Gold of our generations. A young person these days is much more likely to invest into cryptos instead of physical Gold.

Bitcoin has actually made every transaction faster and more convenient for most users. Trading around the world wouldn't be traditional because of its existence. It will be easy for us to invest or buy other stuff by paying online. However, it couldn't replace fiat easily since lots of people still to recognize and learn how to adopt it. I believe that in the coming days, every transaction would switch to using digital currency.

I could see the tune of trade by barter in the op post and just as the scene made, such times of trades have gone and not to come back. The system and society is now highly monitized and that can be the reason there are various means that the society is surviving from gold, paper money, cryptocurrency. Digital marketing and economy is the level of economic interaction at the moment and some government recognise this while some still finding it difficult with moving along.

Take the asset out of the "equation" in your message, whatever it may be, success does not depend 100% on the asset as such but on those involved, the one who worked the land knew the one who had the gold, yes, but in a certain way the parties created a business relationship because there were no other options.

Bitcoin is a very good option to start a new relationship but today the parties involved have several options, therefore it is one of the reasons why the "relay" has not been as efficient as it should have been, but today it is begins to see the light, so there is country that can begin to change the lives of many individuals in their productivity.

You are talking about the initial days of the money system but now a days we have so called paper money which can buy anything and also you can sell anything which has value and get the paper money, of course in future we may have bitcoin as medium of exchange but do we have surplus production of needed things? Lot of factors affecting the productivity rate even due this the pandemic there is huge shock in the supply and chain.