Money As A Social Construct

[Paleus]

Money is a measurement (denomination) of trust between parties. The greater the degree of trust between these parties, the greater their conductivity toward producing work (all work is directed toward reproducing some ideal).

Because beauty is in the eye of the beholder, value is subjective. This means that money exists only when the values of the parties involved are aligned. When the desire/motives of the parties are singular (mono), there is the potential for intelligent work to be conducted. Unity of identity. This generates money, or the empowering of the parties involved. Social position is based on purchasing power (ability to redeem the work of others).

Each jurisdiction is defined by the money (currency) which governs its space/territory. This is because, as mentioned earlier money is a measure of credibility relative to a particular social context. It is a registrar of names/numbers which account for credibility.

The most important thing to remember if you desire to generate more money (social capital) is to position yourself within a political climate that embodies your values, and if the group you currently find yourself in does not adequately represent your interests, create your own.

Whether you like it or not, money makes the world go round'. You must compete, but where and how you do it is your choice entirely ...

Every arena/jurisdiction has its own unique rules.

[philipma1957]

What is your point?

money makes the world go round?

[Paleus]

What is your point?

money makes the world go round?

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion (digital hologram), we are saved by faith alone.

[peter0425]

What is your point?

money makes the world go round?

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

[Fortify]

What is your point?

money makes the world go round?

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion, we are saved by faith alone.

Have you just read Adam Smith's wealth of nations and are trying to act smart? Or just entered "write something deep about currency" into chatgpt because that's how your post is coming across. This is a forum for discussion, right? Yet you've not really put any questions out there to discuss.

Anyone can call anything money, but that doesn't meant it will be universally accepted or trusted. Useful money is one that has a market, fluidity and a consensus of it's value in comparison to other currencies. You can trade any kind of commodity you like - oil, wheat, copper, but people distinguish it from currency because they do not conflate the two.

[Stalker22]

~

Money definitely plays a huge role, no one is denying that. But this whole explanation feels a bit too philosophical BS, ignoring a lot of the messy and illogical ways the real world actually works.

For example, this: "beauty is in the eye of the beholder, therefore value is subjective, therefore money exists only when values are aligned"? Thats a whole lotta "therefore" connecting things that dont necessarily follow. People buy and sell stuff all the time with wildly different values. I might value this cup of coffee for the caffeine, the cafe owner values it for the profit - our values arent aligned, but the money still changes hands.

[Yokkattannee]

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.

[Paleus]

What is your point?

money makes the world go round?

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion, we are saved by faith alone.

Have you just read Adam Smith's wealth of nations and are trying to act smart? Or just entered "write something deep about currency" into chatgpt because that's how your post is coming across. This is a forum for discussion, right? Yet you've not really put any questions out there to discuss.

Anyone can call anything money, but that doesn't meant it will be universally accepted or trusted. Useful money is one that has a market, fluidity and a consensus of it's value in comparison to other currencies. You can trade any kind of commodity you like - oil, wheat, copper, but people distinguish it from currency because they do not conflate the two.

I have not yet read Adam Smith's Wealth Of Nations but I intend to.

Yes, what you say is true: a denomination must have a market in order to command a price. If there is no market there can be no utility/usefulness. The market is defined by the consensus it generates, but currency is different from commodities such as oil, wheat, and copper (as you listed), because in order to form consensus, there must be a living intelligence. The market intelligence mechanism forms this consensus, and from this, the market dictates who or what is credible. Every market/denomination has its own unique intelligence that generates an attractive force (personal income).

This is what differentiates currency from these other commodities: money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.

[Royal Cap]

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.

No matter how much we talk about passion or purpose at the end of the day money dictates the kind of life we can live. It’s not everything but without it even the fundamentals become a battle. Happiness could come from other things too but money provides you the freedom to genuinely appreciate them.

[Stalker22]

~
money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.

The consensus is about its acceptance as a medium, not some philosophical agreement on "truth."  Feels like youre trying way too hard to make it sound profound. 

[Paleus]

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

for today's era money is the number one priority in our lives, and it is true that money makes the world go round. because its meaning and significance are very broad, unlike a few centuries ago money did not reflect comprehensive power, but now the power that is needed by everyone and money becomes the power of life for those who hold it, and those who have a lot of money certainly feel much good.

No matter how much we talk about passion or purpose at the end of the day money dictates the kind of life we can live. It’s not everything but without it even the fundamentals become a battle. Happiness could come from other things too but money provides you the freedom to genuinely appreciate them.

It has been said that "money is the root of all evil", but this is nonsense.

Money is merely a tool to fulfill the wielder's desire.

[Paleus]

~
money is a consensus of truth, whereas a commodity is only something to be agreed upon as to its utility.

The consensus is about its acceptance as a medium, not some philosophical agreement on "truth."  Feels like youre trying way too hard to make it sound profound.  

Have you ever heard of a court of equity? Mediumship is justice. The role of the justice is to find a "happy medium" between parties (equitable remedy). The equilibrium point is the median between interested parties.

For where two or more are gathered in the name of the Most High, there am I among them.” - the Gospel according to Matthew 18:20

"justice means a justice of the peace or a provincial court judge, and includes two or more justices where two or more justices are, by law, required to act or, by law, act or have jurisdiction;" - Section 2, Criminal Code of Canada

[Oluwa-btc]

Absolutely money is power, money is a control force and without it the world can't be a better place and it's money that solves or answer to the basic things of life that is needed. With money you can command things, you can put things in place but it shouldn't be that money is the major criteria which is why they say money is the root of all evil, I don't think they made a mistake in regarding this cause it has mounted high pressure on the individuals making them lost count of how well the money should be spent

[Lida93]

What is your point?

money makes the world go round?

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

Absolutely, money is what makes the world go round, else, why would people still get to wake up very early in the morning in a hurry preparing to go for the day to the job they they don't like or constantly complain about job specifications. Yet, they don't quit because of the money involved.

The world today doesn't care about you if you don't have money. The measure of respect, attention and importance given to people today is weighed by how much of a networth they have. In fact, if you don't have money you'll literally be classified as one of the problems off the world. Therefore, in  all you do, make sure you're making money.

[Paleus]

What is your point?

money makes the world go round?

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

Absolutely, money is what makes the world go round, else, why would people still get to wake up very early in the morning in a hurry preparing to go for the day to the job they they don't like or constantly complain about job specifications. Yet, they don't quit because of the money involved.

The world today doesn't care about you if you don't have money. The measure of respect, attention and importance given to people today is weighed by how much of a networth they have. In fact, if you don't have money you'll literally be classified as one of the problems off the world. Therefore, in  all you do, make sure you're making money.

But my point as well is that there are denominations which are more valuable than fiat currencies (such as the dollar, euro, yuan, etc.). These fiat currencies are man-made constructs which are subservient to divine forces and we ought not to judge against someone simply because they lack these fiat denominations.

[Lida93]

What is your point?

money makes the world go round?

After all those paragraphs, this is right anyway. Whether we like it or not, money is what makes the world go round. It is what drives everyone. Everyone works for money. This is the one thing that we need in order to survive. Happiness is not only dependent on money but your quality of life depends on how much money you have.

Absolutely, money is what makes the world go round, else, why would people still get to wake up very early in the morning in a hurry preparing to go for the day to the job they they don't like or constantly complain about job specifications. Yet, they don't quit because of the money involved.

The world today doesn't care about you if you don't have money. The measure of respect, attention and importance given to people today is weighed by how much of a networth they have. In fact, if you don't have money you'll literally be classified as one of the problems off the world. Therefore, in  all you do, make sure you're making money.

But my point as well is that there are denominations which are more valuable than fiat currencies (such as the dollar, euro, yuan, etc.). These fiat currencies are man-made constructs which are subservient to divine forces and we ought not to judge against someone simply because they lack these fiat denominations.

Alright. But, don't confuse the divine with social elements. AFAIK, they all serve different realities which are mutual exclusive. Under the context of the social construct which is related to the physical world where money rules and it's not my making or that of anyone that the standard by which people are measured in the world is base on the amount of money you have  to your name and not by how spiritually inclined you could be. Need not remind you though, that, even those that are said to have divine gifts still makes efforts to get this "man-made construct" in bulk to maintain balance.

[franky1]

"money" is not some whimsical notion made up between 2 people

money is actually an officially recognised form of 'value medium' used to exchange that value
it used to be backed by something such as gold as a backbone measure. but recently its backed by laws of value creation such as tax, fines and debt required to be paid in certain form. where the value is backed by things like minimum wage value

money is a form of currency. by which there are many forms of currency, some official, some unofficial.
EG official: foreign fiat currency are other nations/comunities money
EG official: assets, shares, cryptocurrency

EG unofficial: your wife trading sexual treats and experiences for an expensive branded handbag/purse
EG unofficial: trading beers with neighbours/friends for helping with oddjobs/diy in house, garden or garage

its the unofficial currencies to which i believe the OP speaks of when explaining value thats only agreed upon between two parties. and he is confusing that with official money.

yes official money has changed its principles over the centuries in regards to how its backed/measured and valued. but "money" is a practical medium of exchange known, agreed and used by masses

[Despairo]

There's a quote sound like this "if you're in place where most people have no desire to get something or less competitive, you''re in a wrong place".

It's make sense though, if something is really valuable, most people will want to get it with any possible way.

Of course how much money you get will depends on how important or good you're, if you're bad, you receive less. Someone can complain "I'm a good employee, skillful, adaptive, willing to work for extra hours without getting more payout etc", it's not bad about your performance, but you're bad at taking risk and hunting new job/company.

[viljy]

value is subjective.

Not every value of money is subjective. A subjective value can be called a value that is valuable to a certain limited group of people. If we are talking about money, for example, the currency of a country has a subjective value for the citizens of that country. The value of a form of money for a limited period of time is also subjective (for example, the British pound has been the world currency for a century, that is, it was valuable to everyone for a limited time). Is there any form of money that is objectively valuable to everyone and always, that is, throughout the history of mankind?  It's gold. Therefore, the value of gold is not in the eyes of the beholder, its value is objective, because gold is valuable for everyone and always. Is it logical?

[Smartvirus]

What is your point?

money makes the world go round?

Just as there are an infinite number of ways to serve others, there is no limit on what could be considered money. Beauty is in the eye of the beholder and credibility is subjective. Without material proof, credibility is based on faith, and because this world is a physical illusion (digital hologram), we are saved by faith alone.

Like Philipma, I was wondering where all them text was getting at because, I agree with most of the context that is written in the OP but, wasn’t really getting to what you were getting at.

With money being a social construct, that being in the mind of parties that agree, we can actually state that, money haven't got a territory to it but then, its territory could be traced to acceptance and the value it accords itself.

You seem to have confined yourself to the fiat money and operandum

Yet, Bitcoin and a variety of coins out there have got no territory, just a means of transfer and still serve  monetary purpose for those who agree. Mind you, the measure of this value or money isn’t unilateral, it’s based on agreement by parties.