Money Is Political, Not Technical

[bitbunnny]

Money is always where politics is and vice versa. Money is very strong and persuasive tool opening all door, it can buy you power and influence and there is no use in denying it. Also, many people enter politics just because of money, only having in mind material aspect and not greater good.
Since cryptocurrencies are money too in very wide sense or at least have certain value that could be turn into real money no wonder they become bigger and bigger issues for global society

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[deisik]

Money has always been a tool of politics first, and then the economy. So the invited elite of society always went into politics primarily in order to strengthen their economic, that is, financial position. On the whole, the issue of issuing money has always been under the exclusive jurisdiction of the state. Who controlled the issue of issuing money, he had real political power. Therefore, one should not be surprised if states continue to tighten the rules for cryptocurrency circulation and try to control it.

Yes, it's true. Politics and money have always been and will be inextricably linked. The meaning of political decisions is usually almost always aimed at strengthening the economic condition of society or its individual groups. There is nothing surprising here. After all, we live in our rough physical world, where the economy determines politics, and not vice versa

I tend to disagree with this view

If anything, it is politicians who determine the economic policy of a country and ultimately its fate, not economists. Politics has the upper hand in the economic matters, and to prove that is in fact pretty easy. Most wars turn out an economic disaster for the belligerent countries (it has been so for millenia), while the questions of peace and war are in the hands of a few people who may not have a damn clue about economics and how the economy works. In other words, it remains to be seen whether political decisions are actually aimed at strengthening the economic conditions of a country as it may well be to the contrary

[Semosuchi Tesongrato]

That money is a political and not a technical problem is a truism.
It would be rather worth trying to understand how these political decisions can be foreseen and directed to our advantage, otherwise the discussion is the usual complaint about the corruption and incompetence of the rulers.

[awik p]

Money is always where politics is and vice versa. Money is very strong and persuasive tool opening all door, it can buy you power and influence and there is no use in denying it. Also, many people enter politics just because of money, only having in mind material aspect and not greater good.
Since cryptocurrencies are money too in very wide sense or at least have certain value that could be turn into real money no wonder they become bigger and bigger issues for global society

because of money, people can do anything regardless of the fate of others. especially in politics, politicians seem to be inhumane on behalf of the people. government policies can be changed with money, let alone cryptocurrency, they oppose it because they are afraid of losing control with a decentralized system

[Barbut]

Money is always where politics is and vice versa. Money is very strong and persuasive tool opening all door, it can buy you power and influence and there is no use in denying it. Also, many people enter politics just because of money, only having in mind material aspect and not greater good.
Since cryptocurrencies are money too in very wide sense or at least have certain value that could be turn into real money no wonder they become bigger and bigger issues for global society

because of money, people can do anything regardless of the fate of others. especially in politics, politicians seem to be inhumane on behalf of the people. government policies can be changed with money, let alone cryptocurrency, they oppose it because they are afraid of losing control with a decentralized system

Who controls the money,  controls the world too. Politicians are the ones who control the laws, with laws they control supply, demand and distribution of money. When politicians don't serve the people, when they just want to get rich with the help of their  job, we get unhealthy society, where criminal and corruption are behind every corner. It's hard to bget out from that situation, transition can last for years. In world there are more bad governments then good ones, and that's the problem, huge problem, I don't know when we going to solve that problem, but I hope it will be soon and that blockchain can help us in that.

[Ozero]

Money has always been a significant part of the politics of every state. The one who controlled the printing and circulation of money within the state always had actual power. Therefore, counterfeiting money in any state was considered one of the most serious crimes. It is due to the fact that it is very difficult for governments to control cryptocurrency, it will always be not friendly and wary of it.

[tadpole_bitfrog]

I totally agree with your comments. Money is an asset that can be exchanged with any service or commodity, but fiat money also has a historical and political implications. Money values in some countries are different because they have different economies and politics. If bitcoin is a common currency, this is like causing great damage to the economies of major countries.
So I always support fiat money that exists in parallel with cryptocurrency.

[AjithBtc]

This is where the problem arises for bitcoin, as money is completely political they are not able to keep the technical money under their control. With bitcoin too there is political play, but these were very low compared to what the political play takes place with the fiat currencies.

Different countries have different economic policies, different practices in printing of money. We cannot say the same takes place perfectly. When it comes to bitcoin government can't make any modification, which makes it tough and this is the prime reason for few countries to oppose bitcoin usage.

[deisik]

That money is a political and not a technical problem is a truism

I don't quite understand what you mean by this. Care to explain in greater detail?

This is where the problem arises for bitcoin, as money is completely political they are not able to keep the technical money under their control. With bitcoin too there is political play, but these were very low compared to what the political play takes place with the fiat currencies

Bitcoin is indeed no less political

Just recall all the bickering, scheming and infighting around activating SegWit in 2017 which ultimately led to a Bitcoin fork into, well, just Bitcoin and Bitcoin Cash. Wasn't that political or was it less political than with "regular" money? To me, things followed the regular pattern revealed in such matters

Moreover, if Bitcoin expands, it will be even more politically colored as is the case with anything having some value and concerning interests of different groups of people. Conceptually, it is not about the thing itself (Bitcoin or otherwise) but rather about the people and their interests involved

Different countries have different economic policies, different practices in printing of money. We cannot say the same takes place perfectly. When it comes to bitcoin government can't make any modification, which makes it tough and this is the prime reason for few countries to oppose bitcoin usage

Rest assured they will find a way to overcome this obstacle (if it becomes worth it)

[barota]

I always doubt that politics will affect prices ,  For example, when we hear statements by presidents of countries ; then change direct in prices  
so ,there is relation between money and politic

[tenakha]

I always doubt that politics will affect prices ,  For example, when we hear statements by presidents of countries ; then change direct in prices  
so ,there is relation between money and politic

The direction of these statements is more important, perhaps not important enough to affect the economy. But considered that the economy is in every sphere, most important decisions do not pass without affecting it.
Also I found an article on this topic. If you are interested, I suggest you check : https://www.economicshelp.org/blog/11298/concepts/the-relationship-between-economics-and-politics/

[rizkyrz]

I always doubt that politics will affect prices ,  For example, when we hear statements by presidents of countries ; then change direct in prices  
so ,there is relation between money and politic

The direction of these statements is more important, perhaps not important enough to affect the economy. But considered that the economy is in every sphere, most important decisions do not pass without affecting it.
Also I found an article on this topic. If you are interested, I suggest you check : https://www.economicshelp.org/blog/11298/concepts/the-relationship-between-economics-and-politics/

a statement from an important person will affect the economy indirectly. thank you for providing references that discuss the economy because it is very important in adding insight.

[joromz1226]

Political for me is a money making machine for those politician who are corrupt. They are abusing their position to take advantage of anything
for their own benefits only. Because if you have a lot of money for them you are powerful and you have the power of influence to distort a thing you want it to do. But you must read this link which I agreed the most  https://www.economicshelp.org/blog/11298/concepts/the-relationship-between-economics-and-politics/

[mamahdedeh]

I always doubt that politics will affect prices ,  For example, when we hear statements by presidents of countries ; then change direct in prices  
so ,there is relation between money and politic

The direction of these statements is more important, perhaps not important enough to affect the economy. But considered that the economy is in every sphere, most important decisions do not pass without affecting it.
Also I found an article on this topic. If you are interested, I suggest you check : https://www.economicshelp.org/blog/11298/concepts/the-relationship-between-economics-and-politics/

Fiat money is centralized, so I think every important statement from influential people will influence price movements. for example in forex, there is a news site namely forexfactory.com, where there is a news schedule that will occur, usually news in red will have a strong influence on price movements

[Leonardo7]

I have always believed the current monetary policy in our society is not a reflection of how nature ought to work, but man-made manipulation to keep many always chasing money and make them to be slave for life, while just about 10-20% in every society just control the nation's economy. The banks just print money and loan it ought causing inflation, making the poor poorer.

[Pab]

Very much agree.There is famous quote from time of October revolution in Russia 1917
Money in hands of our enemy is dangerous weapon .Money in hands of our own people is dangerous enemy
Dollar dominance begin after WW2 .Now that dollar dominance is in danger.USA will do everything possible to keep dollar dominance.Personally i think that all that tariffs war is currency war .USA officials are even saying that dollar is his main weapon .Not US Navy not Air Force but dollar

[micher143]

I have always believed the current monetary policy in our society is not a reflection of how nature ought to work, but man-made manipulation to keep many always chasing money and make them to be slave for life, while just about 10-20% in every society just control the nation's economy. The banks just print money and loan it ought causing inflation, making the poor poorer.

The goods price is getting higher but the salary will still the same, that is really happening in many countries, I don't know if it is natural or just the government are just printing money for their own good. And I think because of that sooner or later will fully adopt the cryptocurrency. Because cryptocurrency is the escape for government's manipulation.

[lumierre]

Barter is certainly not bad, but still money is a more universal way, I do not see any policy in this

Money is just a tool of economical politics. It is referred to both as politics and economics are interdependent systems in domestic and international relations. Both areas are so important for the normal functioning and development of countries that the crisis in one leads to negative consequences in the second. And vice versa, progress, and growth have a beneficial effect on the processes taking place in another system.

[Brunus]

Money is such a complex domain that not only cannot be explained technically, but even political vision alone is not enough: in large part we go into philosophy, and sometimes speaking of money we end up in metaphysics.

[styca]

I don't think money is entirely political. It started off as a technical solution - an abstraction of value from things themselves to things (coins) that represent value, all based on an understanding that everyone would agree that the coins represented a certain amount of value. Of course this is simplifying it, because coins were made of silver etc that already had an agreed value, but I think the basic point holds.

I would say that it became political because control and manipulation of value is a way to control and manipulate power. The people in charge always try to control society and organise it in their own favour, it's just easier to do this with money than it is without that abstraction of value.

At the center of his conclusion that Bitcoin and cryptocurrencies have no real value proposition is that the top Western currencies have no store-of-value problem.

This sort of conclusion by "experts" drives me crazy! Crypto offers far more than being a store-of-value, it's not merely a further abstraction of metal coins into an intangible equivalent - that's already there with bank accounts, bank cards etc. To say crypto is simply a store of value without physical form is nonsense. Crypto offers far far more, not just the immutable record, not just speed, not just security... it goes on and on, what about smart contracts for example?