Money as Debt

[roopepa]

Have you ever wondered what money really is? Where does it come from? What exactly is the monetary system based on?

If you have, and you want answers, watch this:

If you are new to this, get ready. It's quite freaky. This is one of the most critical problems humanity is facing right now.

[roopepa]

@nuwu what

 

 

[SriSriJustinBieber]

2 hours ago, nuwu said:

@roopepa Let me interject for a moment. What you girls are referring to as "sound store of wealth", is in fact, Selfishness / Delusion, or as I've recently taken to calling it, pure non-sense. "Value" is a balance between unfair scarcity (X can not be valuable if all players that need it, already own it. Such as  stores of value only work when actors expect others to be required to own it at some point to provide exit liquidity), and some accurate distribution (actors who produce the most utility do not have to hold onto shitcoin bags, since consumers will be force to buy theirs eventually). Gold standard is worse than feudalism, since the first entities who come in get to hold the cake forever. Debt based banking is (relatively) more decentralized and open than "direct scarcity", because inflation can be adjusted according to both source and volume through deliberative meta-consensus.

What would be in your view a more balanced way to economically define value?

[Nahm]

Veilyou. 

[SriSriJustinBieber]

30 minutes ago, nuwu said:

It can't be described. Value is survival, but survival is also love. In my opinion, there is no such thing as survival in the first place even.

Rather than trying to design society around more or less practical definitions of value, we should improve our approach to meta-consensus and make it as self-aware as possible (at the collective level). This implies considering the fact systems willing to survive are (can be) inherently unfair and biased, but it doesn't mean we can't cope with these.

This is interesting, basically what you are saying is that by becoming more aware and more connected, we would need less and less definitions, codification and symbolization. This hints at telepathic levels of connectedness at a collective scale. Yes we can definitely cope with entities having highly selfish intents for they would probably be a minority, as awareness dissolves the belief in separation (and there is no survival games without such a belief).

[roopepa]

8 hours ago, Nahm said:

Veilyou. 

what

[roopepa]

@nuwu I have no idea what you are saying but keep the cute anime cats coming

[Nahm]

@roopepa

Value. Like mean-ing and perp-us.  It’s more fundamental than just making up money. It’s really about the psychological aspect, the “money” is the result so to speak.  

[Consept]

Value is the whole thing, as a society we need to create some way to store value, so when you create something or carry out a service you get some hold of value which you can then exchange for some other good or service. The problem is everyone is just focused on the store of value and as such it can also be manipulated by those who know how to exploit value and make things seem more valuable than they are. As Jesus may have said 'the love of money is the root of all evil'.