Topic: Money is an imaginary concept, but humanity is enslaved by it - page 7. (Read 17723 times)
But come on without intermediary it is a pretty hard market to EAT with my software development skills out on the streets!
Money should be just a token of exchange. But greed changes that. Bitcoin punishes the greedy.
And how does bitcoin punish the greedy? How many people can profitably mine bitcoin today? Ironically, the only viable way to obtain bitcoins right now is to buy them with fiat, so those who have more fiat are again privileged... What changed actually?
Money should be just a token of exchange. But greed changes that. Bitcoin punishes the greedy.
Bitcoin needs to first start doubling its value year over year... for now the price is too unstable and only those that actually understand the technology support it, which benefits people like us.
By design, bitcoin's value should double every 4 years if the number of users do not increase (reward halving), but since we are in early expansion phase, the number of users are increasing at 4 times per year, it should be easy to double the value each year. I don't think there are millions of active users like claimed, more likely one magnitude lower, there are plenty of room for growth for coming years
The previous two bubbles are caused by large shift in mining technology, but now when the technology has more or less stabilized, I don't think that we will have that kind of huge speculative bubble in the near future. A slow and steady rise is more likely, doubling the price each year
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
that's pity no one realizes it
Without fiat money, people will quickly find other substitutes, be it gold, silver, or bitcoin, but will never use some thing that is produced out of thin air
thats sounds a bit utopian, doesn't it? whatever like this happens, it's not a revolution, it's a new era and no one knows what it would lead to
In fact we are living in utopian now, when money can be created out of nothing at will (Just like in game SimCity, you can hack the available budget money to several trillions and build what ever city you like). Before 1971, under a gold standard, this is not possible. The ability to create money out of nothing has created the utopian as we know it today, and it does not feel that bad when there is no inflation. The system makes a few bankers the game designer and rest of us game player
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
that's pity no one realizes it
Without fiat money, people will quickly find other substitutes, be it gold, silver, or bitcoin, but will never use some thing that is produced out of thin air
thats sounds a bit utopian, doesn't it? whatever like this happens, it's not a revolution, it's a new era and no one knows what it would lead to
Bitcoin needs to first start doubling its value year over year... for now the price is too unstable and only those that actually understand the technology support it, which benefits people like us.
If Bitcoin doubles it's value year over year, that won't really represent stability, that will be incredibly volatile and speculative.
The sad thing is, most of the people do not care about bank's theft as long as there is no inflation. And after one or two generations they will discover that everything valuable in this country now belongs to banks or their subsidiary, and even so they will feel it is normal, because banks are supposed to be rich in their imagination
That's what I'm talking about. The system is flawed in addition to people being ignorant. Why should they care about potential problems when it is more important for them to have Facebook and such.The printer shouldn't be getting rich. The people doing the hard work should be getting paid, but it is all backwards.
Exactly, human in general are short sighted, even if a few people understand the truth, the majority will still take what they feel most comfortable without thinking, there is a reason they have been ruled by money for hundreds of years
At mean time, they are also greedy, in order to let them accept a new system, they must get some benefit. Suppose that bitcoin's value doubles year over year, then nothing can stop people from adopting bitcoin as a new monetary system, the army will accept it first
Bitcoin needs to first start doubling its value year over year... for now the price is too unstable and only those that actually understand the technology support it, which benefits people like us.
The sad thing is, most of the people do not care about bank's theft as long as there is no inflation. And after one or two generations they will discover that everything valuable in this country now belongs to banks or their subsidiary, and even so they will feel it is normal, because banks are supposed to be rich in their imagination
That's what I'm talking about. The system is flawed in addition to people being ignorant. Why should they care about potential problems when it is more important for them to have Facebook and such.The printer shouldn't be getting rich. The people doing the hard work should be getting paid, but it is all backwards.
Exactly, human in general are short sighted, even if a few people understand the truth, the majority will still take what they feel most comfortable without thinking, there is a reason they have been ruled by money for hundreds of years
At mean time, they are also greedy, in order to let them accept a new system, they must get some benefit. Suppose that bitcoin's value doubles year over year, then nothing can stop people from adopting bitcoin as a new monetary system, the army will accept it first
In fiat money's case, even the purchasing power stay the same, e.g. the production increase at the same speed as money supply increases, that still does not justify the fact that money printer get rich by just printing money without putting any real work. The key point is that money as a universally accepted form of commodity, must be produced at a cost close to its face value, just like any other commodities
The sad thing is, most of the people do not care about bank's theft as long as there is no inflation. And after one or two generations they will discover that everything valuable in this country now belongs to banks or their subsidiary, and even so they will feel it is normal, because banks are supposed to be rich in their imagination
That's what I'm talking about. The system is flawed in addition to people being ignorant. Why should they care about potential problems when it is more important for them to have Facebook and such.The sad thing is, most of the people do not care about bank's theft as long as there is no inflation. And after one or two generations they will discover that everything valuable in this country now belongs to banks or their subsidiary, and even so they will feel it is normal, because banks are supposed to be rich in their imagination
The printer shouldn't be getting rich. The people doing the hard work should be getting paid, but it is all backwards.
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
that's pity no one realizes it
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
that's pity no one realizes it
Without fiat money, people will quickly find other substitutes, be it gold, silver, or bitcoin, but will never use some thing that is produced out of thin air
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
that's pity no one realizes it
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Well what did people do before money? They either used good old fashioned bartering or provided services in exchange for items or other services. I think money is the best option we have currently and probably always will be but not with the way fiat money is printed willy-nilly by the corrupt minority that control it and that's why I think bitcoin has the potential to be better than fiat.
Depends on the type of civilization. Commerce requires trade or exchange of money. There are also hunter/gatherer or tribal communities where people contribute what they can and work as a unit, and money wouldn't be required for that type of community.
There's nothing wrong with fiat money; it's just the method for creating money that can be a problem, and is currently a problem. If FIAT had no monetary expansion as part of the policy, then it would be fine and would favour no one.
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Well what did people do before money? They either used good old fashioned bartering or provided services in exchange for items or other services. I think money is the best option we have currently and probably always will be but not with the way fiat money is printed willy-nilly by the corrupt minority that control it and that's why I think bitcoin has the potential to be better than fiat.
And why do people want to go back to be old fashioned again when they already got something that can be used easily to get everything they need? Of course money is actually more comfortable to use rather than do bartering. And I dont think bitcoin have a great potential to change our money now because we are not going pay things in a huge ammount using bags of coins. Its just like ask people to rob us carry bags of coins like that
I guess the rich people are okay with the system. It makes the rich richer and the poor more poor. Why would they complain?
Although the image is not accurate obviously it does send a message.
In fiat money's case, even the purchasing power stay the same, e.g. the production increase at the same speed as money supply increases, that still does not justify the fact that money printer get rich by just printing money without putting any real work. The key point is that money as a universally accepted form of commodity, must be produced at a cost close to its face value, just like any other commodities
The sad thing is, most of the people do not care about bank's theft as long as there is no inflation. And after one or two generations they will discover that everything valuable in this country now belongs to banks or their subsidiary, and even so they will feel it is normal, because banks are supposed to be rich in their imagination
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Well what did people do before money? They either used good old fashioned bartering or provided services in exchange for items or other services. I think money is the best option we have currently and probably always will be but not with the way fiat money is printed willy-nilly by the corrupt minority that control it and that's why I think bitcoin has the potential to be better than fiat.
And why do people want to go back to be old fashioned again when they already got something that can be used easily to get everything they need? Of course money is actually more comfortable to use rather than do bartering. And I dont think bitcoin have a great potential to change our money now because we are not going pay things in a huge ammount using bags of coins. Its just like ask people to rob us carry bags of coins like that
I guess the rich people are okay with the system. It makes the rich richer and the poor more poor. Why would they complain?
Although the image is not accurate obviously it does send a message.
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Well what did people do before money? They either used good old fashioned bartering or provided services in exchange for items or other services. I think money is the best option we have currently and probably always will be but not with the way fiat money is printed willy-nilly by the corrupt minority that control it and that's why I think bitcoin has the potential to be better than fiat.
And why do people want to go back to be old fashioned again when they already got something that can be used easily to get everything they need? Of course money is actually more comfortable to use rather than do bartering. And I dont think bitcoin have a great potential to change our money now because we are not going pay things in a huge ammount using bags of coins. Its just like ask people to rob us carry bags of coins like that
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Well what did people do before money? They either used good old fashioned bartering or provided services in exchange for items or other services. I think money is the best option we have currently and probably always will be but not with the way fiat money is printed willy-nilly by the corrupt minority that control it and that's why I think bitcoin has the potential to be better than fiat.
Without money everything would be chaos, with money everything is chaos.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
Who would make the clothes you're wearing right now for free, nobody, unless they're slaves.
The money is the key for the cooperated production in the society, so that each person can focus on his own work. However, when money creation can be done for free, then everyone become the slave of money creator
Money or types of currency have been used since 700 BC. Since then it has been a way for people to fall into a certain social class and also so that everyone would not own a $500,000 house. If everything was free would you want to work? Almost everyone would say no. Money used to be backed up by gold (at least in the US). Since then the dollar is based on the governments supply of money instead of it's actual backing in gold. If you look at Germany after WW1 they printed tons of money to pay back the countries that they owed and the citizens money was almost worthless because of the extreme inflation rate.
No. not only US, every country has to back up the printing of money by equivalent amount of Gold, GDP and export or any other income the country is having. They can not just print the money like that.
Previously, money are backed by gold, which is already done work with equal value. But now money are backed by debt, just a promise from future, and the future debt repayment is backed by the future ability of borrowing more money, similar to a Ponzi scheme
if you think like that then you have never been to countries like Malawi, Niger, South Sudan, India, China.
There are people who can't afford to drink clean water. Two times food will be counted as a luxury for them. Go out and see the world, dear.
There are people who can't afford to drink clean water. Two times food will be counted as a luxury for them. Go out and see the world, dear.
Most of the poverty today are not caused by lacking of resource or production technology, but by lacking of money, and today's fiat money system is the major cause of it, since it continuously shift wealth to ruling class
If the time of each person is used as currency, then every people in those developing countries will become almost equally rich as the person in developed countries. Unfortunately, in today's system they must work like a slave, use their precious life to exchange for some food that people throwing away every day in developed countries. Without money, their freedom is very limited, but with fiat money, they would never gain freedom
Some people might say that has something to do with education, but that is not true. A higher degree might give you a better career 100 years ago, but now there are so many people with higher degrees can not find a job.
If you look at the ruling class of those developing country, they live almost the same life as western elites. Now most of the European luxury products are bought by Chinese
Good post, thank you. What I suspect is driving inequality in general (not the abject poverty necessarily) is that there is a mutually reinforcing vicious cycle between inequality and financial instability.
Financial instability periodically robs people of savings and jobs. That makes them desire to provide good work for money at low prices. But with inequality, most of the available work serves, more and more, the needs and whims of the rich countries and individuals. But too many people doing "useless" work doesn't make for stable demand. As financial fragility builds and eventually becomes a financial bust (mild or severe), the rich (and relatively rich) cut back spending and throw the rest out of work. Thus the cycle continues.
Throughout this process, the cornerstone is the trust in paper money. That is the glue that holds this whole process together.
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