The fact someone else is issuing currency backed by your productivity and charging interest on that - this is what makes it slavery.

I disagree. Value based on future labor is slavery. It forces you to do the work. You have no choice. If you want your currency to keep having value, you have to keep doing the work. If you stop doing the work, the currency loses all value. Thus, you have no choice, thus you are enslaved to the currency, and those who create it.

If I asked you to give a loaf of bread and in return I would fix your computer - thats barter.

This is not a currency. This is a barter exchange.

If I gave you a piece of paper that said "I will fix your computer" and you gave be the loaf of bread, and 2 days later you gave me back the piece of paper and asked me to fix the computer, which I did - thats still barter.

Still not a currency, but it is an indenture, by definition. I'm not saying its never a good idea to do this, but there is the possibility of fuckery there because this type of system creates leverage. A system based on leverage is guaranteed to lead to slavery. Indeed if you look at the history (which I will show) it is exactly these type of deals that have led to the downfall of our society. A "deal with the devil."

Janet Yellen is not bartering my productivity to do female studies in Pakistan and forcing me to pay interest on that. That is the difference between the two systems.

There are a Great deal more differences than that.

That is why, instead of individuals issuing currency it has to be at community level,

When I finish my report, and show you the history, what I am saying will be made perfectly clear. This is slavery, no if's, and's or but's about it. Fuckery is inherent in this type of system. Even if it can be done without fuckery, it is ripe for abuse.

No system is risk free.

Agreed, but some are inherently greater risk than others. The system you describe has always led to slavery. I honestly don't think it can possibly end in any other way. So for fucks sake, why would we try again?

To me this is like all those people that say Communism is great, and the only reason it sucked before is because they were just doing it wrong.

A deposit of 1000 times the entire gold int he world is discovered?

Inflation happens and the market adjusts. Savings are harmed, and that sucks, but the market stabilizes, and it doesn't even take all that long.

Population grows so fast and the gold and silver supplies cannot keep up?

I suggest we may have bigger problems then. However, assuming something ridiculous like this doesn't happen, the market adjusts. Deflation, inflation, are all perfectly fine things. They don't really matter. It's the speed at which they happen that can cause problems (and the reasons that they happen obviously). The market adjusts. In a system that I describe, the market isn't even harmed for a day, since there are a ridiculous number of barterable materials on hand.

No matter how you cut it, you have to trust something.

Not in a system set up for barter as I have described, where anything that can be backed by crypto in a reasonable way, is backed by crypto.

The entire civilisation has to collapse for this system to fail.

Same with my suggestion, no slavery necessary.

The fact someone else is issuing currency backed by your productivity and charging interest on that - this is what makes it slavery.

I disagree. Value based on future labor is slavery. It forces you to do the work. You have no choice. If you want your currency to keep having value, you have to keep doing the work. If you stop doing the work, the currency loses all value. Thus, you have no choice, thus you are enslaved to the currency, and those who create it.

If I asked you to give a loaf of bread and in return I would fix your computer - thats barter.

This is not a currency. This is a barter exchange.

If I gave you a piece of paper that said "I will fix your computer" and you gave be the loaf of bread, and 2 days later you gave me back the piece of paper and asked me to fix the computer, which I did - thats still barter.

Still not a currency, but it is an indenture, by definition. I'm not saying its never a good idea to do this, but there is the possibility of fuckery there because this type of system creates leverage. A system based on leverage is guaranteed to lead to slavery. Indeed if you look at the history (which I will show) it is exactly these type of deals that have led to the downfall of our society. A "deal with the devil."

Janet Yellen is not bartering my productivity to do female studies in Pakistan and forcing me to pay interest on that. That is the difference between the two systems.

There are a Great deal more differences than that.

That is why, instead of individuals issuing currency it has to be at community level,

When I finish my report, and show you the history, what I am saying will be made perfectly clear. This is slavery, no if's, and's or but's about it. Fuckery is inherent in this type of system. Even if it can be done without fuckery, it is ripe for abuse.

No system is risk free.

Agreed, but some are inherently greater risk than others. The system you describe has always led to slavery. I honestly don't think it can possibly end in any other way. So for fucks sake, why would we try?

A deposit of 1000 times the entire gold int he world is discovered?

Inflation happens and the market adjusts. Savings are harmed, and that sucks, but the market stabilizes, and it doesn't even take all that long.

Population grows so fast and the gold and silver supplies cannot keep up?

I suggest we may have bigger problems then. However, assuming something ridiculous like this doesn't happen, the market adjusts. Deflation, inflation, are all perfectly fine things. They don't really matter. It's the speed at which they happen that can cause problems (and the reasons that they happen obviously). The market adjusts. In a system that I describe, the market isn't even harmed for a day, since there are a ridiculous number of barterable materials on hand.

No matter how you cut it, you have to trust something.

Not in a system set up for barter as I have described, where anything that can be backed by crypto in a reasonable way, is backed by crypto.

The entire civilisation has to collapse for this system to fail.

Same with my suggestion, no slavery necessary.

The fact someone else is issuing currency backed by your productivity and charging interest on that - this is what makes it slavery.

I disagree. Value based on future labor is slavery. It forces you to do the work. You have no choice. If you want your currency to keep having value, you have to keep doing the work. If you stop doing the work, the currency loses all value. Thus, you have no choice, thus you are enslaved to the currency, and those who create it.

If I asked you to give a loaf of bread and in return I would fix your computer - thats barter.

This is not a currency. This is a barter exchange.

If I gave you a piece of paper that said "I will fix your computer" and you gave be the loaf of bread, and 2 days later you gave me back the piece of paper and asked me to fix the computer, which I did - thats still barter.

Still not a currency, but it is an indenture, by definition. I'm not saying its never a good idea to do this, but there is the possibility of fuckery there because this type of system creates leverage. Indeed if you look at the history (which I will show) it is exactly these type of deals that have led to the downfall of our society. A "deal with the devil."

Janet Yellen is not bartering my productivity to do female studies in Pakistan and forcing me to pay interest on that. That is the difference between the two systems.

There are a Great deal more differences than that.

That is why, instead of individuals issuing currency it has to be at community level,

When I finish my report, and show you the history, what I am saying will be made perfectly clear. This is slavery, no if's, and's or but's about it. Fuckery is inherent in this type of system. Even if it can be done without fuckery, it is ripe for abuse.

No system is risk free.

Agreed, but some are inherently greater risk than others. The system you describe has always led to slavery. I honestly don't think it can possibly end in any other way. So for fucks sake, why would we try?

A deposit of 1000 times the entire gold int he world is discovered?

Inflation happens and the market adjusts. Savings are harmed, and that sucks, but the market stabilizes, and it doesn't even take all that long.

Population grows so fast and the gold and silver supplies cannot keep up?

I suggest we may have bigger problems then. However, assuming something ridiculous like this doesn't happen, the market adjusts. Deflation, inflation, are all perfectly fine things. They don't really matter. It's the speed at which they happen that can cause problems (and the reasons that they happen obviously). The market adjusts. In a system that I describe, the market isn't even harmed for a day, since there are a ridiculous number of barterable materials on hand.

No matter how you cut it, you have to trust something.

Not in a system set up for barter as I have described, where anything that can be backed by crypto in a reasonable way, is backed by crypto.

The entire civilisation has to collapse for this system to fail.

Same with my suggestion, no slavery necessary.

The fact someone else is issuing currency backed by your productivity and charging interest on that - this is what makes it slavery.

I disagree. Value based on future labor is slavery. It forces you to do the work. You have no choice. If you want your currency to keep having value, you have to keep doing the work. If you stop doing the work, the currency loses all value. Thus, you have no choice, thus you are enslaved to the currency, and those who create it.

If I asked you to give a loaf of bread and in return I would fix your computer - thats barter.

This is not a currency. This is a barter exchange.

If I gave you a piece of paper that said "I will fix your computer" and you gave be the loaf of bread, and 2 days later you gave me back the piece of paper and asked me to fix the computer, which I did - thats still barter.

Still not a currency, but it is an indenture, by definition. I'm not saying its never a good idea to do this, but there is the possibility of fuckery there, and indeed if you look at the history (which I will show) it is exactly these type of deals that have led to the downfall of our society. A "deal with the devil."

Janet Yellen is not bartering my productivity to do female studies in Pakistan and forcing me to pay interest on that. That is the difference between the two systems.

There are a Great deal more differences than that.

That is why, instead of individuals issuing currency it has to be at community level,

When I finish my report, and show you the history, what I am saying will be made perfectly clear. This is slavery, no if's, and's or but's about it. Fuckery is inherent in this type of system. Even if it can be done without fuckery, it is ripe for abuse.

No system is risk free.

Agreed, but some are inherently greater risk than others. The system you describe has always led to slavery. I honestly don't think it can possibly end in any other way. So for fucks sake, why would we try?

A deposit of 1000 times the entire gold int he world is discovered?

Inflation happens and the market adjusts. Savings are harmed, and that sucks, but the market stabilizes, and it doesn't even take all that long.

Population grows so fast and the gold and silver supplies cannot keep up?

I suggest we may have bigger problems then. However, assuming something ridiculous like this doesn't happen, the market adjusts. Deflation, inflation, are all perfectly fine things. They don't really matter. It's the speed at which they happen that can cause problems (and the reasons that they happen obviously). The market adjusts. In a system that I describe, the market isn't even harmed for a day, since there are a ridiculous number of barterable materials on hand.

No matter how you cut it, you have to trust something.

Not in a system set up for barter as I have described, where anything that can be backed by crypto in a reasonable way, is backed by crypto.

The entire civilisation has to collapse for this system to fail.

Same with my suggestion, no slavery necessary.