Bitcoin

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C_D
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Bitcoin

Post by C_D » Mon Nov 27, 2017 12:03 am

I hadn't realised what a profound effect blockchain currencies may have on our lives.


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C_D
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Re: Bitcoin

Post by C_D » Wed Jan 03, 2018 3:12 am

But of course - upon further analysis - it's just another bullshit form of money.

onefiftythree
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Re: Bitcoin

Post by onefiftythree » Thu Jan 04, 2018 11:45 pm

Sound money ain't bullshit.

BigEyeTenor
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Re: Bitcoin

Post by BigEyeTenor » Fri Jan 05, 2018 8:27 am

What we really need is an alternative to money itself. That is, what we now know as "money".

If something proves to indeed be the root of all evil, why the fuck haven't we come up with a better system?

With money, as we know it now, the most evil people amongst us run the world.

It is leading to our extinction and the destruction of our earth's ability to support life.

It's time for money to be eliminated.

We need a system of exchange, of course, but NOT what we now know as Money.

Bitcoin is currently just another virus of greed infecting the human mind.

onefiftythree
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Re: Bitcoin

Post by onefiftythree » Fri Jan 05, 2018 7:06 pm

If you want an alternative to money, unless you want to go back to trading cows for shells, try to figure out how to solve that whole 'scarcity of resources' problem first, because money is just a mechanism for making easier the transfer and exchange of value between human beings.

Bitcoin, cryptocurrency, is simply a mechanism for transferring value securely and from peer-to-peer over the internet, without having to deal with third parties like banks, governments, or payment gateways, which are all subject to corruption / government control. What BitTorrent has done for the exchange of information (something the government cannot control or shut down despite their best efforts), Bitcoin is doing the same for money.

'Money is the root of all evil' is a sophomoric platitude, IMHO.

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C_D
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Re: Bitcoin

Post by C_D » Sat Jan 06, 2018 2:40 am

153 said:
If you want an alternative to money, unless you want to go back to trading cows for shells, try to figure out how to solve that whole 'scarcity of resources' problem first, because money is just a mechanism for making easier the transfer and exchange of value between human beings.
You been listening to superior intellects of the monetary kind. The problem that we are facing has nothing to do with money - it is way more existential than that - the dog-eat-dog capitalist society we inhabit is on the verge of breakdown, it is in the process of devouring itself before our very eyes - and the scary, scary fact that we have to face is that it is going to end. But what takes it's place? you cry! I suggest that we have to face a simple truth - that a society is made up of unique individual parts that have to find a way to function as one. In our current age of technological bounty and abundance, the idea that each individual be allowed to find their own place in that society is no longer far-fetched. In fact, it is fast becoming esssential. There will be a group of people that want to feed the population, a group of people that want to supply the electricity, a group of people that want to explore the boundaries of scientific discovery, a group that nurtures, a group that plays, a group that entertains - there will always be someone who wants to do it. There will be a group that wants to do fuck all. And they are just as valuable as the group that do something.
It's called balance.
I have an acquantance who is extremely wealthy - he was moaning to me once that if only all the lazy bastards in the country would work as hard as he does, they'd have nothing to moan about. He really disliked poor people. What this poor chap fails to realise is that if everyone worked as hard as he did, he'd be much, much poorer. He doesn't know how good he's got it. :lol:

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