What is Debt? - page 5. | Bitcointalksearch.org

grabpopcorn536

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Quote from: caston on August 27, 2011, 04:06:21 AM

I read it last night when I had a fever but the first half I read was very interesting especially the part about barter coming before money being a fairytale. I can remember we were taught this in school and
Barter trade associations use it to promote themselves.

We find that Debt is present everywhere in the presence of money, in my country, there is a lot of debt from banks with people or businesses with government. I also have a lot of debt in my life and have not been solved.

Jeepney_koh

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Quote from: indio007 on August 26, 2011, 06:40:53 AM

I found this an interesting interview about the history of money and debt.
Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

Quote

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Debt is too personal to discuss and too private to broadcast. But since this is the topic of today, debt for me is something that you lend and something that you need to pay. Debt is also in the form credit or owing money from someone in which sometimes has interests.

tannerchum

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Debt is kinda difficult to talk too. Even me I am afraid of debt but it couldn't help to have it because life is so difficult to go on without money and it is so hard to go with the flow if you cannot have what your friends have. For me I wanted to stick with bitcoin because it is one way to have stable life and to oversee the progress.

gabmen

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Quote from: Lora_ng15 on March 06, 2018, 04:31:50 AM

I am against debts, if it is not important, I would never take up a loan.

Well sometimes, situations become desperate and people are left with little options but to ask others for assitance, in this case, to borrow money. I don't think anybody would want to be indebted and if there's another way, then why not do that instead. I'm not against it, especially of done for the right reasons.

Makingmoney2018

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Debt is a duty or an obligation to pay money, deliver goods, or render service under an express or implied agreement. One who owes, is a debtor or debit-or: one to whom it is owed, is a deb-tee, creditor or lender. Debt may be secured by an entity's other assets, which will become the lender's property if the entity cannot pay back the debt. Alternatively, the debt may be unsecured. Debt may also be guaranteed by a third party, such as an owner or a corporate parent.

alyssaxx

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There are diffirent meaning of debt one is sum of money that was owed or due and the other is feeling of gratitude from service or favour. Since we are here in Bitcointalk i think they are talking about money.
Why we owed money? Is it because we want to use this for a emergency purposes or we only owed money because we want to buy things that are beyond our means. If for emergency purpose i think it is okay as long as we have the guarantee that we pay it back on time. If the debt is for only to buy our want, we should think twice, if this attitude will be done again and again you will become heavily in debt. And it is very hard to cope up again.

Lora_ng15

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I am against debts, if it is not important, I would never take up a loan.

Theonethatgotaway

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Quote from: irsada on March 05, 2018, 10:36:34 PM

the debt must be done in an urgent situation.
in my country if it is not indebted then the person will not have the desired.

The due of the owed property or currency is what we call as debt. If you tend to borrow or lend some cash or property you're titled to retort the value you borrowed to the lender. You have a unique countty for having that way of thinking but I would like to believe that people has debt when he/she wasn't able to payback what he/she lent.

irsada

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the debt must be done in an urgent situation.
in my country if it is not indebted then the person will not have the desired.

Pintasak

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Quote from: indio007 on August 26, 2011, 06:40:53 AM

I found this an interesting interview about the history of money and debt.
Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

Quote

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Something typically that money is owed or due

Makingmoney2018

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Debt is a financial commitment made by a borrower to the lender who has provided a necessary funds/money. debt may be secured by an entity's other assets, which will become the lender's property if the entity cannot pay back the debt. Debt may also be guaranteed by a third party such as an owner or a corporate parent.

bengca84135120

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Debt is formed by past transactions or events, shall be borne by the units or individuals and expected accounting led to the economic interests of the present obligation of flow units or individuals, including all kinds of loans, and advance payments, etc. Sometimes it means the debt that is owed; Work to pay off all debts.

Enjorlas

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Great article, it gives a perspective on all of these lies

charlystriker

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Debt is when you borrowed money from a person or from a lending company and it have interest in a specific time. You need to pay your debt in the specific time it alloted because if you cannot pay that time it will increase interest.

balintong15

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Debt is something important that you borrowed for important purpose. Wise debt is a must, do not just borrow for useless things.

Saveplus

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Debt is something you borrowed from another person and its make your gratitude low by lending on someone.Lending on banks theres a due or penalties that charges if you cannot pay on the day you promised it.It makes someone lead to poverty as long you can avoid borrowing money stop it and manage your money well to finance your finances.Debt is a duty or obligations in your life if your lack of fianacial resources.

kamenix

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I learned much thanks to the article Grin

turagsoy123456

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Quote from: indio007 on August 26, 2011, 06:40:53 AM

I found this an interesting interview about the history of money and debt.
Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

Quote

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

Debt is the sum of money that you owe someone... Is an obligation to someone to pay thier debts as an individiluals who borrow money in any kind. it's either borrow money from your friends, firm,or the state owning something...and etc... A duty or a obligation to pay money. Deliver goods, or render services under an express or emplied agreement.

sister1001

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Quote from: Dreamchaser21 on December 01, 2017, 07:47:36 PM

Debt is designed to ruin your life and not to help you, it can ruin your financial status and also your family. As long as you don’t need much the money don’t borrow, or else you will suffer in the long run.

There is a famous speaker, I recall his last name Kyosaki I think. You need to read a bit of this guy because there is good debt and bad debt. There is debt that will make you rich and there is debt that will make you poor.

Nhebu

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Quote from: indio007 on August 26, 2011, 06:40:53 AM

I found this an interesting interview about the history of money and debt.
Check it out.

What is Debt? – An Interview with Economic Anthropologist David Graeber

Quote

David Graeber currently holds the position of Reader in Social Anthropology at Goldsmiths University London. Prior to this he was an associate professor of anthropology at Yale University. He is the author of ‘Debt: The First 5,000 Years’ which is available from Amazon.

Interview conducted by Philip Pilkington, a journalist and writer based in Dublin, Ireland.

Philip Pilkington: Let’s begin. Most economists claim that money was invented to replace the barter system. But you’ve found something quite different, am I correct?

David Graeber: Yes there’s a standard story we’re all taught, a ‘once upon a time’ — it’s a fairy tale.

That is a great fact. Well for me, people from poverty lines know much more about debt. Lack of supplies, money and necessity will lead to a debt.
Every people cannot avoid to engage in debt and we cannot control it specially if we have no support or financial source.

Topic: What is Debt? - page 5. (Read 6583 times)