Here's what the problem with money is

Into the Night said:
Money isn't wealth. Bitcoin isn't wealth either. Like any other currency, it's just a medium of trade of wealth.
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Whatever you playah think money does...

try telling that next time that you give money to your girlfriend/spouse/mother in law and...the way you do it playah...

...increases the time and effort she has to spend to have fun...



...what do you playah think?
 
AlexandrosTsolis said:
Playah...you're imagining stuff playah...

...do you really think playah that the economy becomes more and more and more productive?

...will that make people work more and more and more productively (or do people get fed up with idiots and their "money stories")...what do you playah think?



Next time player that you read something on the internet that is nonsense, remember that you can ignore it...

and player, you can keep on ignoring nonsense, unless people forget that...

Money reduces the time and effort to trade…

as then... we are stuck with idiots wasting our time and effort, with their endless money stories...

Get it now player, or are you still wondering what to reply to me?


You didn't really think about it players, did you really?
Why?
Cause if you really think about it players, you will really understand...this is exactly why...

and remember players, I am not the only one reading here...

https://www.facebook.com/AlexandrosTsolis/
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Yes, especially now that we have quantum supremacy. BOINC-ing for crypto can speed development and production of fusion (an energy with a future).
 
danielpalos said:
Yes, especially now that we have quantum supremacy. BOINC-ing for crypto can speed development and production of fusion (an energy with a future).
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All forms of energy have a future. YOU don't get to pick and choose. You are not the king. You don't get to dictate energy markets.
 
danielpalos said:
Yes, especially now that we have quantum supremacy. BOINC-ing for crypto can speed development and production of fusion (an energy with a future).
Click to expand...

Playah...you're imagining stuff playah...

...you can speed production up to the point where it is fun for people, after that point...

...people start complaining that it takes them too much time and effort for them to have fun...

...get it playah?


Next time player that you read something on the internet that is nonsense, remember that you can ignore it...

and player, you can keep on ignoring nonsense, unless people forget that...

Money reduces the time and effort to trade…

as then... we are stuck with idiots wasting our time and effort, with their endless money stories...

Get it now player, or are you still wondering what to reply to me?


You didn't really think about it players, did you really?
Why?
Cause if you really think about it players, you will really understand...this is exactly why...

and remember players, I am not the only one reading here...

https://www.facebook.com/AlexandrosTsolis/
 
Into the Night said:
All forms of energy have a future. YOU don't get to pick and choose. You are not the king. You don't get to dictate energy markets.
Click to expand...

you do get to pick and choose where you spend time and effort playah...now read genius...


Next time player that you read something on the internet that is nonsense, remember that you can ignore it...

and player, you can keep on ignoring nonsense, unless people forget that...

Money reduces the time and effort to trade…

as then... we are stuck with idiots wasting our time and effort, with their endless money stories...

Get it now player, or are you still wondering what to reply to me?


You didn't really think about it players, did you really?
Why?
Cause if you really think about it players, you will really understand...this is exactly why...

and remember players, I am not the only one reading here...

https://www.facebook.com/AlexandrosTsolis/
 
AlexandrosTsolis said:
you do get to pick and choose where you spend time and effort playah...now read genius...


Next time player that you read something on the internet that is nonsense, remember that you can ignore it...

and player, you can keep on ignoring nonsense, unless people forget that...

Money reduces the time and effort to trade…

as then... we are stuck with idiots wasting our time and effort, with their endless money stories...

Get it now player, or are you still wondering what to reply to me?


You didn't really think about it players, did you really?
Why?
Cause if you really think about it players, you will really understand...this is exactly why...

and remember players, I am not the only one reading here...
Click to expand...

No response, eh?
 
danielpalos said:
You need to explain yourself.
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Already did. RQAA. Go back and read it.
danielpalos said:
Fiat money is a store of wealth recognized as legal tender.
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No. Money is not a store of wealth. It is a medium of the exchange of wealth. The term 'legal tender' is a made up term by governments to try to force the use of their fiat money. It doesn't work, other than to encourage people to use that currency. People will use the currency they choose to use. No government can stop that.
danielpalos said:
Commodity money is also a store of value not just wealth.
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Money is money, not a commodity. If gold is used as money, it is again not a store of wealth. It is simply a medium of exchange of wealth. Gold has industrial uses, so it IS a form of wealth for those uses only. Not because it is a currency, but because it also has industrial uses (jewelry, electronics, aerospace, etc.).

Bitcoin is currency, not wealth.
Dollars are currency, not wealth.
Yen are currency, not wealth.
Gold, when used as a currency is currency, not wealth.
Silver, when used as a currency is currency, not wealth.

It doesn't matter what currency you call 'legal tender'.
 
Into the Night said:
Already did. RQAA. Go back and read it.

No. Money is not a store of wealth. It is a medium of the exchange of wealth. The term 'legal tender' is a made up term by governments to try to force the use of their fiat money. It doesn't work, other than to encourage people to use that currency. People will use the currency they choose to use. No government can stop that.
Click to expand...
So what. I gainsay your contention. See how that works. You need to explain why you believe what you allege to believe.

I can claim fiat money is a store wealth and can prove it by establishing an account with any bank and have it recognized by the public sector.
 
Into the Night said:
No. Money is not a store of wealth. It is a medium of the exchange of wealth. The term 'legal tender' is a made up term by governments to try to force the use of their fiat money. It doesn't work, other than to encourage people to use that currency. People will use the currency they choose to use. No government can stop that.

Money is money, not a commodity. If gold is used as money, it is again not a store of wealth. It is simply a medium of exchange of wealth. Gold has industrial uses, so it IS a form of wealth for those uses only. Not because it is a currency, but because it also has industrial uses (jewelry, electronics, aerospace, etc.).

Bitcoin is currency, not wealth.
Dollars are currency, not wealth.
Yen are currency, not wealth.
Gold, when used as a currency is currency, not wealth.
Silver, when used as a currency is currency, not wealth.

It doesn't matter what currency you call 'legal tender'.
Click to expand...

tell all that to your girlfriend/spouse/mother in law player, after you give her money, and the way you do it...
...increases the time and effort she has to spend to have fun...

...do we really have to spend more time and effort with your endless "money" stories player?

Really?

yes player...really...
What Player?!
NOT REALLY?!!!
 
When you have a group of people and you give them money, but also it happens that there are no laws that this group of people follows specifying how violence plays out, so that violence isn't the law in the group, then people in the group follow violence, and whoever masters violence, this one in the group people follow and then people built an economy around this one, regard-less who you want to give money to, but regardless how violence in the group plays out, and...


regardless of the time...people in the group want to play and have fun in their lives from their nature, or when people in the group don't want to have fun in their lives, then their lives are not fun, and then their lives are meaningless to them in reality, as nature doesn't seem to have a reason to make a not fun life meaningful over and over...and over in time...as it wouldn't be really funny for the one living such a life, would it really?


At the moment of birth of one of the people in the group, another one from the group has to be there, meaning another one has to be there to give birth to one, and another one is free after giving birth to kill one, but that doesn't make sense for another one to do at that moment, as the nature of another one is to want to raise one, and one has to understand, that regardless the nature of another one, nature's law is another one is really free to kill one, at the moment of birth.


When you have a group of people where violence is the law, over and over and over in time, in order for this group to sustain all the violence in reality, some are needed to give birth to the ones to commit violence from their nature, and some are needed to do that so that there are some still left, after all the violence is committed, and that is by some deciding together who is not fun in the group, so that the rest in the group show to the ones who commit violence against the will of the ones who can give birth from their nature how...


...MAMA in the end puts order.
 
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danielpalos said:
So what. I gainsay your contention. See how that works. You need to explain why you believe what you allege to believe.

I can claim fiat money is a store wealth and can prove it by establishing an account with any bank and have it recognized by the public sector.
Click to expand...

That is not a proof nor is it wealth. It's just money in a bank. If the bank fails, you lose your money.
Neither the FDIC nor the federal government has enough to handle a large bank failure or multiple bank failures. They can print it, but that's not wealth either.
 
Into the Night said:
That is not a proof nor is it wealth. It's just money in a bank. If the bank fails, you lose your money.
Neither the FDIC nor the federal government has enough to handle a large bank failure or multiple bank failures. They can print it, but that's not wealth either.
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Why do you believe (fiat) money is not a market recognizable store of wealth that can counted by accountants?
 
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