User Controls

Money has no actual real value

  1. Ghost Space Nigga
    Lol enjoy hoarding digital representations of federal reserve notes.

    Ever try withdrawing 10k at once? It literally breaks any local branch and they have to phone the armored truck to make a special delivery for your worthless paper.

    I remember handing my bank a $2000 cheque and asking for it all in cash and the guy starting panicking and trying to talk me out of it. I just told him I can't buy weed with a bank card and they approved the transaction.

    Why the fuck does a bank have to approve me trying to get the money that I own? Oh that's right it's because I don't own it, the government backed banks own my money.

    Bitcoin is the only real money, it's backed by the destruction of the natural environment for power consumption which is truly priceless.

    https://www.cbc.ca/news/technology/bitcoin-mining-climate-change-1.4883647

    The following users say it would be alright if the author of this post didn't die in a fire!
  2. HTS highlight reel
    Money is the only thing with value. Everything else can be converted into currency, even electricity. It is an idol through which humanity collectively worships the deity known as Desire.
    The following users say it would be alright if the author of this post didn't die in a fire!
  3. Ghost Space Nigga
    A false idol

    The Ork currency in Warhammer 40k makes more sense
  4. HTS highlight reel
    Originally posted by Ghost A false idol

    The Ork currency in Warhammer 40k makes more sense

    Even da Orkz' currency is just an Idol to Desire.
  5. What is "actual real value"?
  6. Originally posted by HTS Money is the only thing with value.



    Originally posted by PhD in Condom Mechanics What is "actual real value"?
  7. Narc African Astronaut [connect my yokel-like scolytidae]
    Originally posted by Ghost the government backed banks own my money.

    I think you mean the bank backed govt

    Anyway money is just a tool that makes trading much more efficient. Without it we would not have the quality of goods that we have now.

    Imagine for example a chair maker for example. Because he can swap his chairs for money then buy the things he wants he can now concentrate his efforts on making the best chairs he can. Without money he'd have a really hard time finding people looking to trade the goods he wanted who just happened to want chairs at that time. So he would have to put his chair making aside and concentrate on producing goods that were in high demand.

    That factor alone would stifle progress and creativity to the point we'd still be pretty much living in the stone age.

    Unfortunately money is also very easily manipulated by the greedy and control freaks to use to their advantage.



    .
  8. aldra Dark Matter [my considered impending distributor]
    I don't see how bitcoin mining could even begin to compete with established data and compute centres in terms of cycles used and heat generation
  9. Nil African Astronaut
    Originally posted by aldra I don't see how bitcoin mining could even begin to compete with established data and compute centres in terms of cycles used and heat generation

    It should be compared more with minting coins and printing bills, making money.
  10. Jυicebox Houston
    Nothing has "actual real value"
    The following users say it would be alright if the author of this post didn't die in a fire!
  11. Originally posted by Jυicebox Nothing has "actual real value"

    Sure it does. It's just that value isn't some inherent thing. That's okay, most things aren't.
  12. mmQ motherfucker
    Time has value.
  13. Originally posted by mmQ Time has value.

    No it doesn't. Billions of years have passed before humans even existed when time flowed. There is no inherent "value" to it.
  14. mmQ motherfucker
    Well it was around forever and now we're in this brief period of it where we can "do shit" so yeah I'd say there's some value to it. At least currently. The concept of time anyway before it's brought up that time isn't real.
  15. Originally posted by mmQ Well it was around forever and now we're in this brief period of it where we can "do shit" so yeah I'd say there's some value to it. At least currently. The concept of time anyway before it's brought up that time isn't real.

    Oh time is real. It's definitely real. The concept of time is kind of a poor trapping though.
  16. Originally posted by Ghost Ever try withdrawing 10k at once?

    Yeah. I then proceeded to spend all of it the same week on various shit.
  17. Ghost Space Nigga
    Originally posted by PhD in Condom Mechanics What is "actual real value"?

    Gold

    Originally posted by Misguided Russian Yeah. I then proceeded to spend all of it the same week on various shit.

    Third world countries operate differently. I'm sure there was a man in Zimbabwe who once withdrew a billion dollars and spent it the same day
  18. vindicktive vinny African Astronaut
    Originally posted by Ghost Gold

    no.

    not even value have value.
    The following users say it would be alright if the author of this post didn't die in a fire!
  19. Ghost Space Nigga
    Gold has actual real value because it's expensive to mine, it's scarce and it has demand.

    It is a finite precious metal which I consider to be valuable in of itself.

    Any portfolio should have at least 10% in gold, silver, platinum and palladium.
  20. Gold has different value in different places and times.

    Money is a technical term, and synonymous with the supply and retraction in credit supply - banks lending out money, businesses allowing each other time to pay, people buying stuff on credit, government and corporate issuance of bonds, as well as coins and notes are all forms of money. It's complex but easy to comprehend, though most people don't have a fucking clue.

    I found Galbraith's "Money: Whence It Came, Where It Went" a fairly good introduction, and it's fairly readable as well thanks to Galbraiths humor and amusing realistic cynicalness. You can find pdf copies pretty easily.
Jump to Top