Most of the time, when we're buying non-commodity items, we're asking ourselves questions like:
-How much pain am I in right now?
-Do I deserve this?
-What will happen to the price in an hour or a week? If it changes, will I feel smart or dumb?
-What will my neighbors think?
-Does it feel fair?
- and, What sort of risks (positive and negative) are involved? (This is why eBay auctions don't work for the masses).
Pricing based on cost, then, makes no sense whatsoever. Cost isn't abstract, but value is.
Topic: Looks like central banks still running their scam in Vietnam (Read 1053 times)
Sorry, but you lost me at
Yes, banks are evil, yes, they are run buy evil ppl that care only about thir own pockets etc. but dont post stuff like that.
Quote
13 inbred European Bloodlines of the Terrorist organization Illuminati
If you wanna sound at least semi serious, dont write crap like that....really...What's next? Aliens? Bigfoot? Yes, banks are evil, yes, they are run buy evil ppl that care only about thir own pockets etc. but dont post stuff like that.
As we ceased to trade, we moved all of our transactions to the abstract world of money. And the thing about an abstract trade is that it happens over time, not all at once. So I trade you this tuition money today in exchange for degree in four years which might get me a better job in nine years. Not only is there risk involved, but who knows what the value of anything nine years from now is?
Because of the abstraction and time shift, we're constantly re-evaluating what money is worth. Five dollars to buy a snack box on an airplane is worth something very different than five dollars to buy a cup of coffee after a fancy meal, which is worth something different than five dollars in the grocery store. That's because we get to pretend that the five dollars in each situation is worth a different amount--because it's been shifted.
Because of the abstraction and time shift, we're constantly re-evaluating what money is worth. Five dollars to buy a snack box on an airplane is worth something very different than five dollars to buy a cup of coffee after a fancy meal, which is worth something different than five dollars in the grocery store. That's because we get to pretend that the five dollars in each situation is worth a different amount--because it's been shifted.
News for Vietnam (and all other countries) ALL currencies are "virtual"
Seth Godin has an interesting take on that:
Money's pretty new. Before that, we traded. My corn for your milk. The trade enriches both of us, and it's simple.
Money, of course, makes a whole bunch of other transactions possible. Maybe I don't need your milk, but I can take your money and use it to buy something I do need, from someone else. Very efficient, but also very abstract.
Seth Godin has an interesting take on that:
Money's pretty new. Before that, we traded. My corn for your milk. The trade enriches both of us, and it's simple.
Money, of course, makes a whole bunch of other transactions possible. Maybe I don't need your milk, but I can take your money and use it to buy something I do need, from someone else. Very efficient, but also very abstract.
yep.... 
Looks like central banks of the 13 inbred European Bloodlines of the Terrorist organization Illuminati still running their money scam in Vietnam
http://bigstory.ap.org/article/vietnam-says-bitcoin-transactions-are-illegal
There is a very high chance that the children & grandchildren of those sitting in the board of directors of Central banks in Vietnam will be executed very soon. I believe the primary objective is to end their legacy.
http://bigstory.ap.org/article/vietnam-says-bitcoin-transactions-are-illegal
There is a very high chance that the children & grandchildren of those sitting in the board of directors of Central banks in Vietnam will be executed very soon. I believe the primary objective is to end their legacy.
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