...
OK, say that I've the bike and accept those 500 bucks, because I'm up to buy a skate for 250 later on. Now... what are or how much worth 500 bucks? In the current status of capitalism, they're just printed paper issued by a private bank, the FED, not indexed to anything at all (In God we trust... and we better because on the notes you're wasting your time). Back on Mercantilism, trade was ruled by bullion; silver, gold...; now it's ruled by worthless paper.
Back on our business, I said I want to buy a skate for 250, but... my bad... I let it pass one month and now they sale for 550. As you see, by holding worthless paper the values float without much control as you can never redeem such paper for nothing.
...
Say you mowed our neighbour's lawn for the extra 50 bucks you needed and bought the skate, but the day after that some volcano chain started erupting and dipped the world in volcanic winter, covering all the parks, ramps, sidewalks etc with snow so you can't use your skate in most places you would; now your skate isn't worth all that much for anyone. You mentioned backing by metals, tomorrow someone could find a vein of gold of continental proportions and and the price of the gram would drop so much you would make more money selling a gram of cancerigenous air out of the exhaust from a old poluting combustion engine. It's pretty hard to find somthing that has an "inherent" value that can't be changed drasticly. |
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What percentage of webbrowsers used today still can't handle webfonts?
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Wait a second. The money resets every month. Yet you claim there will be "rich" people selling stuff in order to make money? What is the motivation to exchange tangible goods for money when the money will be reset every month?
...
Money would be the lube for the exchange of goods and services, people who can gather it faster will be able to aquire more goods and hire more service for the duration of the month. The rich would be those that can easilly accumulate more than what everyone starts the month with, so their buying power would be greater than the average citizen. I expect it would stimulate people to try to find ways to give others what they want, and to do it at a price they can afford.
With this system i thought of, with a cyclical predictable reset of spendings, everyone would have a predictable buying power; i would expect the offer and demand balancing of prices would flow smoother, reaching an optimal level quicker, experimentation with creation of new products and services would be cheaper etc; and with the virtual money being infinetly divisible, the system would be capable of handling any number of targets of spendings, and if by the end of the month most people got only a fraction of what they started with, prices would drop to adapt so people could still aquire the services and products they need.
What am i overlooking? |
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(adding thread to my watchlist)
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Ok, replace a gun with a ticking timebomb for which you got the shutdown key; you have the choice of disarming the bomb the same way you have the choice of feeding the hungry.
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(adding thread to my watchlist)
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Lots of people here seem to have a head for understanding how economies and the people running them tend to behave, and enjoy talking about this. So i offer this idea for you guys to chew on, lemme know what you think:
What if the governament imposed a system like the following: at the beggining of each month, each citizen will own a fixed amount of "money", a virtual currency infinitly divisible, they can spend the money as they want during the month, there would be no enforcements for prices, wages etc. But at the beggining of the next month everyone's bank accounts would be reset, so that once again everyone owns the same amount of "money".
The "money" would need to be a virtual currency (instead of somthing with physical representations like coins paper bills that people can hide) to make it easy for the governament to enforce the monthly reset.
I have the impression this would pretty much extinguish poverty, and the prices of things would quickly reach an optmal value. But without actually doing away with having rich people; the rich would be those that develop means of offering things lots of people want in a big enough quantity so that lots of people can afford to pay for that thing (product, service etc).
I'm not quite sure how things would work when dealing with foreign tourists and busyness people outside the country etc though.
How do you expect things would go with a system like this?
And has anything similar to this idea been tried before in a big enough scale? If yes, how did it go and what were the differences and similarities?
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"Give me your bike you earned thru your work or you die"
"Give me your work or you die"
Those two don't sound all that much different to me; you have the choice of not pulling the trigger just the same way you have the choice of feeding the hungry...
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(adding thread to my watchlist)
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Well, at least it wasn't GLobal Bitcoin Trade Stocks EXchange (GLBTSEXchange.com) <.<.
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No Brasil eh legal mandar notas de dinheiro pelo correio?
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(adding thread to my watchlist)
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Another type of Bitcoin millionaire would be someone that has earned an amount in bitcoins that when sold at the current change rate would cost millions in USD or EUR or similar; if long term evolution of the Bitcoin exchange rate matches the projections, there could be many of this type of Bitcoin millionaires eventually.
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I sent a bit back to the faucet, another bit i donated somewhere i forgot, and i tested sending money to myself (but stupidly forgot to disable the transfer fee and someone out there got 0.01 BTC i didn't intended to spend at the time)
I would have done more, but just as i was starting to get into the Bitcoin thing my mobo went down and i don't have the wallet backuped somewhere yet, i'll be buying some replacement parts soon and have the HDD with my wallet running again as soon as i can)
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Night Traders
Traders of the Lost Ark
Cryptocracy
Stork Infants Delivery
Hashtown
Mintycoins
Slim Market
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Btw, perhaps you might want to evaluate a bit more the meaning of the name you choose for your team. Nowadays the word "myth" is often used to refer an idea that is mistakenly thought to be true, or that people don't know if it's true but expect to be just made up. Noun
myth (plural myths)
1. A traditional story which embodies a belief regarding some fact or phenomenon of experience, and in which often the forces of nature and of the soul are personified; a sacred narrative regarding a god, a hero, the origin of the world or of a people, etc.
2. (uncountable) such stories as a genre
Myth was the product of man's emotion and imagination, acted upon by his surroundings. (E. Clodd, Myths & Dreams (1885), 7, cited after OED)
3. A commonly-held but false belief, a common misconception; a fictitious or imaginary person or thing; a popular conception about a real person or event which exaggerates or idealizes reality.
4. A person or thing held in excessive or quasi-religious awe or admiration based on popular legend
Father Flanagan was legendary, his institution an American myth. (Tucson (Arizona) Citizen, 20 September 1979, 5A/3, cited after OED)
(my emphasis)
When i saw the title of this thread i thought it was gonna be a thread mocking some of the early attempts of Chinese students here on this forum; or at the very least some sort of exposé on some of the failures. |
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(adding thread to my watchlist)
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Cabo que na bugagem do negoço, eu achei que tava logado quando finalmente consegui fazer o pagamento mas no fim das contas o pagamento não teve nda a ver com a conta que eu criei.
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Isn't there a way to make a poll where you can vote on more than one option? I did more than one thing with mine...
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