countryfree
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Your country may be your worst enemy
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November 05, 2014, 12:22:31 AM |
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Kind of misleading.
Fiat might die, but money will not. Society always find a way to exchange good using a medium of exchange (aka money).
Let's be more precise: one currency can die. This is what happened in Germany 90 years ago. All currencies are not equal.
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I used to be a citizen and a taxpayer. Those days are long gone.
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DhaniBoy
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November 05, 2014, 10:47:08 AM |
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many factors that can make a fiat currency can die, but not all factors may occur simultaneously and not necessarily those factors could apply in a country, a factor which makes the currency of the country may die, distrust of the currency markets that exist and exchange rates the very little impact on currency trading that are excellent as the dollar ... ![Shocked](https://bitcointalk.org/Smileys/default/shocked.gif)
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pereira4
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November 05, 2014, 03:19:04 PM |
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The only talked about alternative to "no money" is RBU. Going back to gold standard is even more delusional than that.
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ARadzi
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November 05, 2014, 11:40:09 PM |
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There are so many reasons that one currency could die. And if that happens, it would simply be replaced with another one. Paper currency is backed-up by an issuing countrys gold reserved, thats why they cant just print money. Over printing would lead to a lower value of that currency.
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nikkoy
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November 06, 2014, 02:20:17 AM |
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when money dies we all get back to barter economy or other
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worle1bm
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November 06, 2014, 03:34:47 AM |
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when money dies we all get back to barter economy or other
Man, it sure would be easier if we could barter using an efficient means of exchange that everyone recognized...
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TheMasterKey
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November 06, 2014, 10:17:41 AM |
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Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.
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worle1bm
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November 08, 2014, 04:02:05 AM |
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Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.
Thanks Nostradamus. Any other vague claims?
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pattu1
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November 09, 2014, 03:54:22 AM |
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Yeah btw, money as in paper money is dying a slow painful death, it will take decades but it will die, it's brain dead and on machines now kept alive by banksters and conmen in the governments.
Thanks Nostradamus. Any other vague claims? Just look at the amount of physical money (notes and coins) versus the total money supply. If everybody tried to withdraw their money from banks, it just wouldn't be possible. Paper money has been replaced by 1's and 0's on a network.
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Seketsuna
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November 09, 2014, 05:18:34 AM |
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money never dies ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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JackRipper
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November 21, 2014, 08:34:19 PM |
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In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923. A good read: http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910Very interesting article. Thanks for sharing.
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Useli Violent
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November 22, 2014, 02:38:19 AM |
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why do we even play games with money printing and interest rates, working so hard to prop prices up. lets just skip right to a north korean command economy model and dictate what the price of everything should be and be done with it.
Bingo!
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picolo
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November 22, 2014, 03:48:22 AM |
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In 1914 there was a minor increase in the wholesale price index. That index, with a base of one in 1913, had increased to 2.45 by the end of 1918. Beginning in 1919, the speed of the inflation increased, advancing to 12. 6 in January 1920; 14.4 in January 1921 and 36. 7 in January 1922. By the second half of 1922, that index stood at 101 in July; it was 74,787 in July 1923 and 750 billion on 15 November 1923. A good read: http://mises.org/daily/6945/When-Money-Dies-Germany-and-Paper-Money-After-1910I will read the article, thanks. When USSR wanted money to disappear through inflation it went bad. When the USD, EURO and Yen will implode, people will still be able to exchange Gold and Bitcoin ![Wink](https://bitcointalk.org/Smileys/default/wink.gif)
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BAGOBO
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November 22, 2014, 01:19:58 PM |
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Money can die, maybe yes...
Money just made by wood
But we can use other medium transaction like gold or silver
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piike2323
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November 22, 2014, 09:45:25 PM |
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And that is why we have bitcoin coming into the picture now
Not so fast. The only thing most people do with the bitcoin is buy money. For as long as bitcoin is tied to fiat it will not become real money. To make bitcoin real money we need to create an economy around it. This means we need to trade bitcoins not just simply for goods at a store but also for property such as cars and land. In addition the bitcoin will need to enter the stock market. As of today the bitcoin cannot replace money.
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Justine
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November 23, 2014, 03:21:25 PM |
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One one currency fails, another take over. Money will never die.
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neurotypical
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November 23, 2014, 06:58:52 PM |
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One one currency fails, another take over. Money will never die.
Year 3000. Once automation has replaced 99% of human labour... where is the place for money there?
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Foxpup
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Vile Vixen and Miss Bitcointalk 2021-2023
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November 24, 2014, 07:00:27 AM |
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One one currency fails, another take over. Money will never die.
Year 3000. Once automation has replaced 99% of human labour... where is the place for money there? Human labour is only part of the production process. The process can be automated, but production itself still requires energy, raw materials, and real estate, all of which are in finite supply and must therefore be traded in some way (such as money).
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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cbeast
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Let's talk governance, lipstick, and pigs.
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November 24, 2014, 07:29:03 AM |
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One one currency fails, another take over. Money will never die.
Year 3000. Once automation has replaced 99% of human labour... where is the place for money there? Human labour is only part of the production process. The process can be automated, but production itself still requires energy, raw materials, and real estate, all of which are in finite supply and must therefore be traded in some way (such as money). Year 3000. Once all of the Earth's natural resources are mapped, quantified, and there is no need for labor, who decides what is traded and its price?
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Any significantly advanced cryptocurrency is indistinguishable from Ponzi Tulips.
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Foxpup
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November 24, 2014, 08:12:01 AM |
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Year 3000. Once all of the Earth's natural resources are mapped, quantified, and there is no need for labor, who decides what is traded and its price?
A subspecies of Roko's basilisk that charges obscene prices to people who opposed the automation of all labour?
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Will pretend to do unspeakable things (while actually eating a taco) for bitcoins: 1K6d1EviQKX3SVKjPYmJGyWBb1avbmCFM4I am not on the scammers' paradise known as Telegram! Do not believe anyone claiming to be me off-forum without a signed message from the above address! Accept no excuses and make no exceptions!
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