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Author Topic: Defiatize the unit of value  (Read 3066 times)
worle1bm
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November 09, 2014, 06:45:07 PM
 #41

What I mean is, you and many others around you should have 10 times more wealth than you have now, because your productivity is enough high to command that amount of wealth. However in current system you are maxed out at your current status, all your extra productivity goes to those bankers and become their asset, they don't work, you work
That's a completely fabricated statistic. How do you expect to be taken seriously when you're clearly making things up?

That's just my experience. I used to work in a large multinational enterprise. In 10 years, I clearly observed that the efficiency has increased at least by 10 to 20 times. However, the average salary of the branch never raised by that much, in fact it barely keep up with the inflation. Where are all those increased productivity gone? Why did not we have 5-10 times increase in salary?

There could be two reasons:

1. Demand has dropped due to market saturation, more production means less profit, so those added capacity will only result in redundancy of work force, not added income

2. Although the money supply also increased many folds, but those money did not reach the consumer to purchase more of our product thus bring us more income, they actually went to a few investors, they use majority of those money to push up the asset price and seldom increased the consumption of the whole society.
You used to work in a vague large multinational? Man, no way, I used to work for a nondescript multinational so you should believe what I am saying! I am also a Nigerian prince!

I doubt your efficiency rose 10 to 20 times. What industry were you involved in, and why was efficiency so poor? And those are the ONLY two possible reasons in your fabricated scenario? Unlikely. That's a fake choice you're trying to force.

So, your income solely depend on where the FED money goes. This is very true because I have seen some of those top executives chasing the FED money, they even call it the top of the food chain. It is amazing that although we have so high productivity today, most of the people are still chasing those money which is simply printed by a few, and they don't even care slaughter each other to get a bigger share.

In one word, as long as banks create money and others chase, most of the people will always fall to the lower end of the food chain and get the least share of those money
OMG! You've seen it with your own make believe eyes! It must be true! You're making all of this up, it's pretty obvious.

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johnyj (OP)
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November 09, 2014, 11:09:18 PM
 #42

OMG! You've seen it with your own make believe eyes! It must be true! You're making all of this up, it's pretty obvious.

Obviously you are not a Nigerian prince, so you can not get what I'm talking about  Cheesy

BootstrapCoinDev
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November 12, 2014, 10:11:51 PM
 #43

What benefit will leaving fiat give users? The case for abandoning fiat isn't a compelling one, even though people on the internet will be amazed to hear that.
I hate to be this blunt, but honestly the general problem of non-digital natives will be solved over time as the people who aren't comfortable with technology get old and die.

In the specific case of Bitcoin, the factor you've left out of your analysis is that fiat currencies around the world are in the process of committing suicide.

If our grandparents can figure out how to use Facebook just because they want to see everyone's pictures then they can figure out how to use Bitcoin as their financial survival increasingly depends on it.
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November 12, 2014, 10:48:22 PM
 #44

What benefit will leaving fiat give users? The case for abandoning fiat isn't a compelling one, even though people on the internet will be amazed to hear that.
I hate to be this blunt, but honestly the general problem of non-digital natives will be solved over time as the people who aren't comfortable with technology get old and die.

In the specific case of Bitcoin, the factor you've left out of your analysis is that fiat currencies around the world are in the process of committing suicide.

If our grandparents can figure out how to use Facebook just because they want to see everyone's pictures then they can figure out how to use Bitcoin as their financial survival increasingly depends on it.

Its not up to the consumer.  Its up to the state.  Fiat money is created and maintained by the state.

As a consumer you are free to use any private money you want except when paying taxes.  You have to use the states money to pay taxes

So then we arrive at the same question.  Why is private money better than state money?

Look up Free Banking Era and see what happened during that time
worle1bm
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November 12, 2014, 10:56:18 PM
 #45

What benefit will leaving fiat give users? The case for abandoning fiat isn't a compelling one, even though people on the internet will be amazed to hear that.
I hate to be this blunt, but honestly the general problem of non-digital natives will be solved over time as the people who aren't comfortable with technology get old and die.
What is a "non-digital native"? Also, there are billions of people on the planet still struggling with providing adequate drinking water, food, and shelter. We aren't in some digital utopia, this is very much a new part of society.

In the specific case of Bitcoin, the factor you've left out of your analysis is that fiat currencies around the world are in the process of committing suicide.
That's not accurate. Don't believe it just because the internet says so.

If our grandparents can figure out how to use Facebook just because they want to see everyone's pictures then they can figure out how to use Bitcoin as their financial survival increasingly depends on it.
Again, highly dramatic and inaccurate.

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