'reset' of money?

[kokjo]

what would happen if anything was reset? like any money was invalidated, and people only got $1000 each? and any property, 'sold' to the highest number of people who collectively required it. like say a factory, was taken from its previous owner, and the workers of the factory would 'buy' it with number of people.

and after that continue the free market? what would happen? mass panic? more freedom? happiness? better competition?
im only suggesting that we steal people once.
and im aware that its not possible in real file, as people could/would save things.

[Hawker]

what would happen if anything was reset? like any money was invalidated, and people only got $1000 each? and any property, 'sold' to the highest number of people who collectively required it. like say a factory, was taken from its previous owner, and the workers of the factory would 'buy' it with number of people.

and after that continue the free market? what would happen? mass panic? more freedom? happiness? better competition?
im only suggesting that we steal people once.
and im aware that its not possible in real file, as people could/would save things.

You mean like in China? It is not a free market if the landowners and business owners got their property from the state.  They treat their assets as being on loan from the state and suck as much cash as possible out while not giving a damn about the long term.

[kokjo]

what would happen if anything was reset? like any money was invalidated, and people only got $1000 each? and any property, 'sold' to the highest number of people who collectively required it. like say a factory, was taken from its previous owner, and the workers of the factory would 'buy' it with number of people.

and after that continue the free market? what would happen? mass panic? more freedom? happiness? better competition?
im only suggesting that we steal people once.
and im aware that its not possible in real file, as people could/would save things.

You mean like in China? It is not a free market if the landowners and business owners got their property from the state.  They treat their assets as being on loan from the state and suck as much cash as possible out while not giving a damn about the long term.

no no. just reset it. and then free market. land, and other property are redistributed, so anyone gets a equal share. but only once.
and this is not just limited to one country, the whole world. a global reset.

[Matthew N. Wright]

Wouldn't that just be a highly temporary solution, as people dying, children being born, and man's natural tendency to greed would eventually bring imbalance that forces trade and sharing, which would eventually require management and assistance for fees which in turn would create hoarding, grouping and people starting their own governments that would eventually end up similar to the way things are today?

Reset all you want, the system isn't broken-- we are.

[ALPHA.]

Wouldn't that just be a highly temporary solution, as people dying, children being born, and man's natural tendancy to greed would eventually bring imbalance that forces trade and sharing, which would eventually require management and assistance for fees which in turn would create hoarding, grouping and people starting their own governments that would eventually end up similar to the way things are today?

Reset all you want, the system isn't broken-- we are.

Greed is generally a wonderful thing, Matthew. In order to gain wealth, one must first provide an equitable return. Our technology and first-world perspective of luxury would inevitably lead to desire of genuine compassion and this coupled with a third-world longing for the luxury of the first-world would only lead to success. Given proper outlets that allow people to build their skills -- which would be inevitably opened due to no restrictions on labor -- a wealthier world would be produced.

We are not broken but we are not perfect. We have achieved much over the past few centuries and the median wealth has increased for everybody. The only issue is monetary and economic policy has been centralized in the hands of the few. Wealth creation has been artificially placed into a pie tin. Irrational hoarding is a non-existent issue in a free world where wealth can be created with little effort.

I can only see progress in a hypothetical revamped world. Man is fine. He just has semi-permanent parasites at the moment.

[kokjo]

oh shit! not you people again! please leave us alone!
make the world a better place: shoot yourselfs. 

[ALPHA.]

http://minutest.com/i/awesome-classic-movie-alive-photos-gifs_eisio_20.gif

You mad?

[Rassah]

what would happen if anything was reset? like any money was invalidated, and people only got $1000 each? and any property, 'sold' to the highest number of people who collectively required it. like say a factory, was taken from its previous owner, and the workers of the factory would 'buy' it with number of people.

and after that continue the free market? what would happen? mass panic? more freedom? happiness? better competition?
im only suggesting that we steal people once.
and im aware that its not possible in real file, as people could/would save things.

You would end up with a lot of people getting things because they want them, but not knowing how to use them. It's like taking out the pilot of a 747 mid light, and giving controlls to whoever wants to play with them most. Won't be fun for the rest of us. After a long while of everything crashing and burning, and all physical goods being looted in the chaos due to lack of controls, things may stabilise, and we'll just have free markets along with rich who became rich by looting during the chaos.

[Explodicle]

Us Bitcoiners would all get rich as everyone flocks to more invalidation-resistant property! 

[JeffK]

Wouldn't that just be a highly temporary solution, as people dying, children being born, and man's natural tendancy to greed would eventually bring imbalance that forces trade and sharing, which would eventually require management and assistance for fees which in turn would create hoarding, grouping and people starting their own governments that would eventually end up similar to the way things are today?

Reset all you want, the system isn't broken-- we are.

I can only see progress in a hypothetical revamped world. Man is fine. He just has semi-permanent parasites at the moment.

I'm so sorry society doesn't let you go out and kill all poors, ALPHA

[kokjo]

Us Bitcoiners would all get rich as everyone flocks to more invalidation-resistant property! 

computeres would get wiped, bitcoin destoryed.

[qbg]

If people had nothing else but the current world to pattern their new world on, I'd strongly suspect that we would see the same conditions develop again (although possibility with different winners and losers).

[FreeMoney]

Us Bitcoiners would all get rich as everyone flocks to more invalidation-resistant property! 

computeres would get wiped, bitcoin destoryed.

How are you paying these magical destroyers? With new dollars over the $1000?

[kokjo]

Us Bitcoiners would all get rich as everyone flocks to more invalidation-resistant property! 

computeres would get wiped, bitcoin destoryed.

How are you paying these magical destroyers? With new dollars over the $1000?

not a part of the plan. i know that its not possible to do, but IF it was done, how would the world be?

[cbeast]

Something like a reset may happen soon. The average US wage is about $25K and the average credit card debt is $15k. Meanwhile jobs are continuing to disappear. People say that Bitcoin cannot keep up with the massive VISA network, but what if bankruptcy becomes common and people turn to other types of money and credit besides the banks? Can VISA sustain massive bankruptcies as people try to keep from losing their homes?

[neptop]

You all forget one of the foundation stones of the Free Market. The invisible hand. Originally, when the concepts of the Free Market was first described by Adam Smith, who was a very faithful Christian it was said to be god, but these days nobody really knows who regulates the Free Market. My guess: The Manipulator.

[Hawker]

Something like a reset may happen soon. The average US wage is about $25K and the average credit card debt is $15k. Meanwhile jobs are continuing to disappear. People say that Bitcoin cannot keep up with the massive VISA network, but what if bankruptcy becomes common and people turn to other types of money and credit besides the banks? Can VISA sustain massive bankruptcies as people try to keep from losing their homes?

The credit card companies have no problems with defaults.  The great thing about charging 28% interest and lots of small fees is that you can have 1 in 3 customers default and you are still making a healthy profit.

[Rassah]

Something like a reset may happen soon. The average US wage is about $25K and the average credit card debt is $15k. Meanwhile jobs are continuing to disappear. People say that Bitcoin cannot keep up with the massive VISA network, but what if bankruptcy becomes common and people turn to other types of money and credit besides the banks? Can VISA sustain massive bankruptcies as people try to keep from losing their homes?

The credit card companies have no problems with defaults.  The great thing about charging 28% interest and lots of small fees is that you can have 1 in 3 customers default and you are still making a healthy profit.

It's the other way around. The 28% is charged BECAUSE of defaults, based on actuarial probability calculations of how many accounts i a large pool will default. If fewer people defaulted, we'd have lower interest rates. Likewise, number of people defaulting going up will cause credit cards to increase interest rates, and there is a point at which interest rates or fees become so high that no one is able or willing to accept them any more.

[mila]

Something like a reset may happen soon. The average US wage is about $25K and the average credit card debt is $15k. Meanwhile jobs are continuing to disappear. People say that Bitcoin cannot keep up with the massive VISA network, but what if bankruptcy becomes common and people turn to other types of money and credit besides the banks? Can VISA sustain massive bankruptcies as people try to keep from losing their homes?

The credit card companies have no problems with defaults.  The great thing about charging 28% interest and lots of small fees is that you can have 1 in 3 customers default and you are still making a healthy profit.

wow. i thought 13.9 % is a rip off. users must be crazy to go for high interest loans like you mention.