A paradox of money.

[IGMOW (I Go My Own Way)Participant 2572]

The perfect form of money has no intrinsic value, but it is wanted by everyone. Anything that has some intrinsic value, beyond being used to facilitate trade, will end up being consumed for other purposes, and decrease the money supply (thus be deflationary). The weird part here, is then, how the heck does something with no intrinsic value, end up being wanted by everyone? And with this comes a market, which sets prices and people presuming something is wanted by everyone. With all this then follows all the ills of bubbles and crashes.

"I am my own thang. Any questions?" - Davis S Pumpkins.

[SH3LLZParticipant 5569]

Money itself isn’t real. It literally is a social construct. All of humanity supports the banks. We are all slaves to the bank. But only because we all agree that money has value.

You can’t eat or grow money. Gold, silver, any precious metals.. It’s all just ore.

The dynamics of money and what it truly is shakes the foundation of global society as a whole.

The truth behind understanding that money isn’t real, calls into question every part of human society.

The idea of a shared or resource based economy becomes idealistic. Deep s~~~ here man… You wanna go down this rabbit hole?

We all float down here!! XD

#ICETHEMOUT!!! #MANOUT!!! #HIDEYOURWEALTH #VAGINAISWORTHLESS

[Anonymous 14]

Real money is firstly something that is finite, FIAT money is a Ponzi Scheme in which inflation pushes everyone to the bottom due unchecked money printing, everyone except those gaming the system and reaping the rewards of the money being spent willy nilly. Unnecessary war not in your country’s interest would be the first thing to go out the window with real money. Nixon detaching gold from the dollar in 71′ completely to fund the Vietnam war said it was going to be temporary, what has the U.S. done since that lie?

The average U.S. citizen will from now on live a life of less prosperity than his parents due to FIAT money, fading into third world like conditions within a hundred years, if not total collapse much sooner. Those who reaped the rewards will be tucked away in safety by the time that happens. They will also likely have lined their walls with real money, gold, sliver, that they bought with Ponzi paper.

[Secret Agent MGTOWParticipant 22510]

Money is just another form of value barter. The difference is that its almost universally accepted by everyone, in the areas that recognize it as lawful money for debts. In other words its almost always something people will trade goods for, because they know they will always be able to trade it for goods when they need them, and generally coins and paper notes are good at condensing value, as opposed to having to have a warehouse full of physical goods.

Women want everything, but want responsibility and accountability for nothing.

[iMickey503Participant 12465]

Yea, its a bugger there. I mean the only thing that ever gave bitcoin the boost was that a few people invested a large amount of money into it giving it actual cash behind it. And from there it took off over the years as stable currency. Well somewhat stable to what it was bought for.

Money is a weird thing.

I know in SF, they often take dollar bills, bleach them and print real cash on them. With parking and so many things just taking straight up cash,makes you wonder how much of that is floating. And If people just trade the money within the economy, then no one is the wiser. Its just money out of thin air.

And with so many things being paid under the table with cash, and those people spreading it like that, having small bills just works out. And it works really good in small town in mexico and works well for drugs.

THe funny thing is that if you wanted to buy Bitcoin, you could do that this way from person to person and by the time the money exchanged hands, it would be laundered and no one would know where it came from with lots of small purchases.

I often wonder if much of the sales in small hispanic communities are based on this. The benefit to being a bank is that you can have tons of this floating around, and then, well You are FDIC insured, so you could if you own the bank, get reimbursed for these things.

It kind of brings Californian fake economy into perspective.

I know strip clubs are more fun when you can print funny money. 🙂

You are all alone. If you have been falsely accused of RAPE, DV, PLEASE let all men know about the people who did this. http://register-her.net/web/guest/home

[IGMOW (I Go My Own Way)Participant 2572]

What you see with Bitcoin, and the normal cryptocurrencies is finite fiat currencies. It will be interesting to see how this goes. Things like Bitcoin stand a better chance of being finite, that using other metals like gold, because you can have a system set up so no more can be added, and control its release, done by computer systems.

There is a problem with using a single currency as the basis for everything. It leads to bubble behavior as everyone goes for it.

Using a finite currency can also produce problems, combined with a single currency for everything, in that there ends up not being sufficient funds to forward economic development. The crypto arena is not there yet though, but I believe will prove to be part of the solution.

I would say there is likely a need for two base currencies, one that is finite, which serves as a benchmark, and another one that can grow (or a number of them) which are able to retrieve actual assets, and grows as more goods and services enter the market. The crypto area is likely going to evolve this as a solution.

"I am my own thang. Any questions?" - Davis S Pumpkins.

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