You work your butt off, and a rich dude does nothing and gets rich - how?

[PowerCordZ]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

[1714830053]

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[wenben]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

This is bitcoin economy forum. Not Hindu religious karma/casta discussion group.

[Ringumbau]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

So early adopters bought a lot of discount karma right? 

[botany]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

This is bitcoin economy forum. Not Hindu religious karma/casta discussion group.

He is just being philosophical. Instead of the word karma, think of it as fate.

[superresistant]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

There is WAY MORE people alive today than all dead people cumulated from the past.
Where are the souls come from if there are not enough dead corpse ?
http://www.worldometers.info/world-population/#pastfuture
How can we have previous life if there are no life before ?
Was there 100 souls in one body ?
I like the reincarnation paradox

[Timetwister]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.

Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

[Ozziecoin]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.

Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

[Hendrick0909]

Poor people work for their money, rich people have their money work for them.


And that is the way of the world. ¯\_(ツ)_/¯

We just have to accept this fact. And its how the world evolve nowadays.

[superresistant]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.

History shows that all FIAT money end up being worth zero.

[Timetwister]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.

Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

What does that have to do with what I said? I know fiat's problems and that the money supply is increasing. That's why I'm an advocate of the gold standard and I also love bitcoins.

[Ozziecoin]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.

History shows that all FIAT money end up being worth zero.

This fact alone makes digital currencies a worthwhile endeavour. Bankers are stealing from us all. The rort must be stopped.

[marney111]

Maybe we can ask our mom this question. Its all her fault she didnt work that hard to get rich. LOL

[zimmah]

This is all about good and bad karma. Those who brought good karma with them from previous life they are rich and the people who brought bad karma they are poor.

you don't seriously believe this shit do you?

oh man, if this were true i can't imagine what the next wave of reincarnations would look like, with all the evil in the world right now, live must be incredibly shitty the next generation.

[wasserman99]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.

History shows that all FIAT money end up being worth zero.

Even when the dollar was backed by gold there was not anything special that was giving gold it's value. Gold is valuable because people think it is valuable.

Fiat money does generally lose value over time however this happens very slowly and there are ways people can protect themselves from these price declines.

[Timetwister]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.

History shows that all FIAT money end up being worth zero.

Even when the dollar was backed by gold there was not anything special that was giving gold it's value. Gold is valuable because people think it is valuable.

Fiat money does generally lose value over time however this happens very slowly and there are ways people can protect themselves from these price declines.

Very slowly? It depends, look at the Argentinian Peso or the Venezuelan Bolivar. And historically there are dozens of examples of hyperinflation. http://en.wikipedia.org/wiki/Hyperinflation

[yunkie]

Rich invented work, so they can keep being rich.

[wasserman99]

Money doesn't make money. Only investing it properly will make you richer. And to invest, you need to win money first, and choose not to spend it.
Take a look at the Forbes' list of say 30 years ago and tell me if you even know any of them.

Please explain how Fractional Reserve Banking works and why is it that M2 money supply is growing so fast?  Where is all that money coming from?

Quantitative Easing is creating money out of thin air.
FIAT money (USD) is not backed by anything since president Nixon.
Money is created on demand, the more money created, the lower the value.

History shows that all FIAT money end up being worth zero.

Even when the dollar was backed by gold there was not anything special that was giving gold it's value. Gold is valuable because people think it is valuable.

Fiat money does generally lose value over time however this happens very slowly and there are ways people can protect themselves from these price declines.

Very slowly? It depends, look at the Argentinian Peso or the Venezuelan Bolivar. And historically there are dozens of examples of hyperinflation. http://en.wikipedia.org/wiki/Hyperinflation

This happens when the economies and countries are run very poorly and the government is corrupt. When you are discussing major countries that have major currencies this will almost never happen.

[twiifm]

Fiat money is created ex nihilo but it isnt free.  The Fed buys Treasuries to get money into circulation.  USD is backed by liabilities of the Treasury.  The Treasury pays off debts by collecting taxes.  So USD is backed by future economic output of USA.  Thats why USD should be more stable than a currency backed by computers solving puzzles

The currency itself is just a medium of exchange.  Value lies in the goods & services

[madken7777]

The currency itself is just a medium of exchange.  Value lies in the goods & services

Value comes from the demand of the consumers as well as the perceived profit of holding it for future gain.

Btc is backed by investors and speculators alone, without this group, no merchant will take btc as payment.

[Nawaytes]

"Capitalism" means the society value capital and not labor.
Hence, people who know how to manage money get ahead of the games.
it's just about how to think out off the box to manage the money you hace, not about work work and work