A good discussion on money and BTC on X - The Great Awakening

A good discussion on money and BTC on X (twitter.com)

posted 92 days ago by bubble_bursts 92 days ago by bubble_bursts +31 / -0

11 comments

11 comments share save hide report block hide replies

You're viewing a single comment thread. View all comments, or full comment thread.

Comments (11)

sorted by:

▲ 3 ▼

– Qanaut 3 points 92 days ago +3 / -0

Elon said it best when he compared money to a data set for the recording of labor. He mentioned this in the context of why throwing money at a problem doesn't solve the issue. The labor must be allocated in order for the task to be completed. Money is the transitional dataset that allows other data pools to be tethered and connected.

The natural evolution of money is digitization. Many will say that money isn't money unless it is tangible. Something that is tangible isn't always useful though. Gold may be the most valuable tangible resource, but it will become increasingly less practical for monetary practices as its value continues to climb. Instead, precious metals should be seen as investments.

I think a great many Anons get confused when they hear about digital currency. They have this idea that traditional investments will go away in light of the tokenization of stocks, bonds, and currencies. Gold and Silver will always be around as a long term investment. The day to day financial world will run on blockchain ledgers that cannot be defrauded like the stock market of today.

permalink save report block reply

▲ 1 ▼

– Raritan 1 point 92 days ago +1 / -0

well said

permalink parent save report block reply

▲ 1 ▼

– bubble_bursts [S] 1 point 91 days ago +1 / -0

More specifically, money is a way to get the labour moving so that people dont have to finish completing the product before exchanging it for something else they value.

It is also a way to get around the fact that you might not be able to exchange the stuff you have with the stuff you want directly.

So money is a placeholder. Placeholder both for time, and for assets.

So everytime money is created, it represents a product that someone wants and willing purchase.

As soon as the full transaction is completed the money should get removed from the system.

Example:

You build houses but you need apples to eat.

I pick apples but I need a house to live in.

I cant save up all the apples you need before I ask you to build a house.

You cant start building the house without being sure you will get all the apples.

So we introduce "money". Its just pieces of papers that promises that I will pay you an apple each. You take the piece of paper, you build the house and you can exchange those pieces of paper to with tradesmen who also want apples.

Whenever anyone brings that piece of paper, I give them an apple and I tear away that piece of paper.

At the core, this is all the money is needed for. Instead of each person giving his own pieces of paper (thats quite possible, but you need incentive to make sure people keep their promises - like debtors' prison), you have the government give pieces of paper that promises gold / silver / energy etc.

But the point is, money should be created when a certain amount of labour is necessary, and it should be destroyed when that labour is completed.

permalink parent save report block reply

To The Great Awakening

We are researchers who deal in open-source information, reasoned argument, and dank memes. We do battle in the sphere of ideas and ideas only. We neither need nor condone the use of force in our work here. WE ARE THE PUBLIC FACE OF Q. OUR MISSION IS TO RED-PILL NORMIES.

This is a pro-Q community. Please read and respect our rules below before contributing.

WHY Q?

"Those who cannot understand that we cannot simply start arresting w/o first: ensuring the safety & well-being of the population shifting the narrative removing those in DC through resignation to ensure success defeating ISIS/MS13 to prevent fail-safes freezing assets to remove network-to-network abilities kill off COC to prevent top-down comms/org, etc. etc. should not be participating in discussions." Q