Topic: Money is an imaginary concept, but humanity is enslaved by it - page 3. (Read 17699 times)

Quote from: Erdogan on May 03, 2015, 06:15:37 AM

Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

I agree that value is subjective, means utility and can be compared on the basis of an individual's preference of one thing over another. But I don't agree that money can be judged that simple. One of the fundamentals of the subjective value theory that you make reference to here is the notion of diminishing marginal utility. Money apparently doesn't conform to this notion, which can be explained only by the fact that money doesn't possess value per se. It is just an intermediary for things that can be bought with it...

False again. Money is value, the proof is that some person at some point prefers the money to the thing. This happens every time someone sells something or a service. In a money economy, it in fact happens every time a trade is done, so it is exactly as common as a non-money transfer. A trade is normally a good or service one way, and money the other way.

This is not a proof (of money having value per se). Though I was hoping that you would address the issue that I raised in my post (since that would be a proof). I mean, the compliance (or lack thereof) between the notion of money having value as such and the law of diminishing marginal utility...

It is proof. Value is somebody prefering one thing over the other.

We could go on discussing the two types of value again, but this time I wanted to stress that money is value.

deisik

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Quote from: deisik on May 03, 2015, 06:10:52 AM

Quote from: deisik on May 03, 2015, 06:10:52 AM

Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

I agree that value is subjective, means utility and can be compared on the basis of an individual's preference of one thing over another. But I don't agree that money can be judged that simple. One of the fundamentals of the subjective value theory that you make reference to here is the notion of diminishing marginal utility. Money apparently doesn't conform to this notion, which can be explained only by the fact that money doesn't possess value per se. It is just an intermediary for things that can be bought with it...

False again. Money is value, the proof is that some person at some point prefers the money to the thing. This happens every time someone sells something or a service. In a money economy, it in fact happens every time a trade is done, so it is exactly as common as a non-money transfer. A trade is normally a good or service one way, and money the other way.

This is not a proof (of money having value per se). Though I was hoping that you would address the issue that I raised in my post (since that would be a proof). I mean, the compliance (or lack thereof) between the notion of money having value as such and the law of diminishing marginal utility...

Erdogan

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Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

I agree that value is subjective, means utility and can be compared on the basis of an individual's preference of one thing over another. But I don't agree that money can be judged that simple. One of the fundamentals of the subjective value theory that you make reference to here is the notion of diminishing marginal utility. Money apparently doesn't conform to this notion, which can be explained only by the fact that money doesn't possess value per se. It is just an intermediary for things that can be bought with it...

False again. Money is value, the proof is that some person at some point prefers the money to the thing. This happens every time someone sells something or a service. In a money economy, it in fact happens every time a trade is done, so it is exactly as common as a non-money transfer. A trade is normally a good or service one way, and money the other way.

deisik

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Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

I agree that value is subjective, means utility and can be compared on the basis of an individual's preference of one thing over another. But I don't agree that money can be judged that simple. One of the fundamentals of the subjective value theory that you make reference to here is the notion of diminishing marginal utility. Money apparently doesn't conform to this notion, which can be explained only by the assumption that money doesn't possess value per se. It is just an intermediary for (or, rather, into) things that can be bought with it...

Erdogan

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Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

There is a common misconception that money is not value, because it can not be eaten etc. But, all value is one individual's preference for one thing over another, which includes money. Therefore, money is value just like other things.

BTCevo

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Quote from: JackRipper on April 28, 2015, 09:39:52 PM

Money is pure value.

Yes money is a pure value, but it is for now. So later after bitcoin have affected they surely money will slowly replace by bitcoin then it will affect all world to use this kind of payment. Just wait for that time to booming then all people will be affected where the new era is coming

Erdogan

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Money is pure value.

rif

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It's time to move on trade relations.

freeyourmind

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Quote from: freeyourmind on April 26, 2015, 11:20:41 AM

Quote from: GreenStox on April 26, 2015, 11:10:40 AM

I pay 6-7% comission on everything I buy, that is 3-4% to Mastercard, 2% to the bank and another 1% sometimes the merchant to validate the transaction, so sometimes it can be even 10% (+ 25% VAT of course as the government likes to steal too).

You, as the cardholder, pay Mastercard a commission when you make a purchase?

Is that normal in your country?

In North America, I haven't heard of a credit card that charges the cardholder unless they have a running balance - but that is an interest charge rather than a commission. The vendor pays the commission here.

People often pay an annual fee. It all depends on which bank you go through. With my MasterCard, there is no annual fee, but when I was younger and building my credit, I couldn't qualify for a MasterCard without the fee.

Yeah that's true. The basic credit cards usually have no fee. The cards with higher rewards and protection usually do have a fee, but the bank waives the fee if you maintain a minimum balance.

I think my card is otherwise $99/year. I'd have a very different view on it if I was incurring fees. As it stands, I pay no fees and receive 1% cash back on all purchases.

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Quote from: freeyourmind on April 26, 2015, 11:20:41 AM

Quote from: GreenStox on April 26, 2015, 11:10:40 AM

I pay 6-7% comission on everything I buy, that is 3-4% to Mastercard, 2% to the bank and another 1% sometimes the merchant to validate the transaction, so sometimes it can be even 10% (+ 25% VAT of course as the government likes to steal too).

You, as the cardholder, pay Mastercard a commission when you make a purchase?

Is that normal in your country?

In North America, I haven't heard of a credit card that charges the cardholder unless they have a running balance - but that is an interest charge rather than a commission. The vendor pays the commission here.

People often pay an annual fee. It all depends on which bank you go through. With my MasterCard, there is no annual fee, but when I was younger and building my credit, I couldn't qualify for a MasterCard without the fee.

deisik

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Quote from: GreenStox on April 28, 2015, 04:10:48 PM

Quote from: deisik on April 28, 2015, 04:07:44 PM

Quote from: GreenStox on April 28, 2015, 03:08:06 PM

Quote from: deisik on April 28, 2015, 04:07:44 PM

Now you live in some hole, so that you care not to say where exactly, but this in no case prevents you from making sweeping allegations, which, as it turns out, are not pertinent to the rest of the world? Good for you...

Good that you live in a country where you can be ~~proud~~ tolerate the government. Where I live i`m only getting robbed 80% of my income and get nothing back in return but shitty government services, more ~~robbery~~ taxing and ~~lies~~ inspiration, and ~~propaganda~~ "news".

Plus you get the 4-5 year crazy ritual where everyone goes into a box and puts a stamp on a toilet paper ,in a ceremony , invoking the God of the Governments, and praying to it to make things better.

Very crazy occult ritual this democracy is. Shocked

But you can always renounce your citizenship, I guess. Do you live in France? If so, some prominent characters have already done just that. So what are you waiting for?

No i`m not from france. And go where exactly? There is no cm^2 on earth that is not claimed by a fucking government. They even fight amongs those tiny islands in the pacific with 1-2 km^2, they are everywhere.

Some are better some are worse, but all of them want to control you and to steal your money, so there is not much alternative.

It will always be a matter of choosing between the two (actually many) evils. Indeed, it is much easier to blame a government, or aliens, or whatever rather than actually change something in your own life...

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Quote from: GreenStox on April 28, 2015, 03:08:06 PM

Quote from: GreenStox on April 28, 2015, 03:08:06 PM

Now you live in some hole, so that you care not to say where exactly, but this in no case prevents you from making sweeping allegations, which, as it turns out, are not pertinent to the rest of the world? Good for you...

Good that you live in a country where you can be ~~proud~~ tolerate the government. Where I live i`m only getting robbed 80% of my income and get nothing back in return but shitty government services, more ~~robbery~~ taxing and ~~lies~~ inspiration, and ~~propaganda~~ "news".

Plus you get the 4-5 year crazy ritual where everyone goes into a box and puts a stamp on a toilet paper ,in a ceremony , invoking the God of the Governments, and praying to it to make things better.

Very crazy occult ritual this democracy is. Shocked

But you can always renounce your citizenship, I guess. Do you live in France? If so, some prominent characters have already done just that. So what are you waiting for?

No i`m not from france. And go where exactly? There is no cm^2 on earth that is not claimed by a fucking government. They even fight amongs those tiny islands in the pacific with 1-2 km^2, they are everywhere.

Some are better some are worse, but all of them want to control you and to steal your money, so there is not much alternative.

deisik

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Now you live in some hole, so that you care not to say where exactly, but this in no case prevents you from making sweeping allegations, which, as it turns out, are not pertinent to the rest of the world? Good for you...

Good that you live in a country where you can be ~~proud~~ tolerate the government. Where I live i`m only getting robbed 80% of my income and get nothing back in return but shitty government services, more ~~robbery~~ taxing and ~~lies~~ inspiration, and ~~propaganda~~ "news".

Plus you get the 4-5 year crazy ritual where everyone goes into a box and puts a stamp on a toilet paper ,in a ceremony , invoking the God of the Governments, and praying to it to make things better.

Very crazy occult ritual this democracy is. Shocked

But you can always renounce your citizenship, I guess. Do you live in France? If so, some prominent characters have already done just that (after their government imposed heavy taxes on the rich). So what are you waiting for?

GreenStox

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