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0 sats \ 50 replies \ @Lux 6 Dec \ parent \ on: A World Without Money bitcoin
tbh, i didnt read it, was commenting Darth's comment
now I read it
why should prices be stable?
so the banksters can manipulate the economy?
if it's a free market, then prices should be freely found, else it's collectivism (an academic disease)
call it by it's true name, negotiable instruments, but they don't teach that in schools
https://babylonobserver.com/mystery-paper/
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'why should prices be stable?'
That is not the question. Prices fluctuate all the time, for a lot of real reasons.
The problem is that prices are being distorted by central banks and their fiat money, thus the information they convey. This causes all kinds of huge problems, as listed in Chapter 1. Later chapters will deal with these problems in greater detail.
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academics and their collectivist theories...
a school is a large group of fish, food for whales
Bitcoin fixes this
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Just look what OP was promoting previously... #707088
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consequence of years of academic programming.
that's the goal, turn bitcoin in a currency they can control.
that's why all these famous zionists are suddenly pro crapto
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Note to self: DON'T FEED TROLLS.
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I took a better look at this BitCredit, but you guys really make it difficult to understand with no details in public.
If I understand correctly, it's trying to build digital negotiable instruments using Bitcoin?
Aren't Bitcoin negotiable instruments already perfectly doable?
Is the novelty here just adapting to https://uncitral.un.org/en/texts/ecommerce/modellaw/electronic_transferable_records ?
Help me understand, please
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Q: it's trying to build digital negotiable instruments using Bitcoin?
A: Correct. Commercial bills (ebills) monetise 'real credit'. That's needed for goods to flow and is currently non-existent in Bitcoin, making it impossible to use for the real economy.
Q: Aren't Bitcoin negotiable instruments already perfectly doable?
A: Bitcoin is a negotiable 'commodity'. A 'negotiable payment instrument' is something very different: a claim to future money (can be Bitcoin) which is freely transferrable by bearer.
Q: Is the novelty here just adapting to MLETR.
A: Not a novelty, just digitalisation. Worked like a charm for centuries before fiat money. These are a 'raw material' for the production of the credit money needed for trade and industry. (See article.)
Clearer?
Q: "really make it difficult to understand with no details in public."
A: These chapters are the effort to make it easy to understand. Follow and have patience, it will all be explained in time before it's switched on next year.
PS: And thanks for genuine questions, it helps the project to learn what needs explaining.
And Darth was parroting ECB propaganda. Actually, Bank of England propaganda, which is where ECB copied it from.
It's all twisted to make sure they don't get the blame for inflation, but everybody else. First central banks blame 'suddenly' greedy companies which must increase prices BECAUSE there is debased money.
Then central banks blame 'suddenly' greedy workers who demand higher wages BECAUSE company profits are higher BECAUSE of debased money.
Last central banks blame commercial banks who must expand credit BECAUSE nominal prices have risen BECAUSE workers get higher wages BECAUSE companies made higher profits BECAUSE central bank debased money.
Don't trust, verify.
Blame not companies, workers, or commercial banks.
Blame the true villains: government and central banks.
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Blame the true villains: government and central banks.
Nobody here says otherwise... idk what's your problem.
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'What's the problem' you ask?
If it is a genuine question:
Harsh comments despite confusing valid money types with invalid ones like fiat, and by confusion of loans with trade credit.
If you are willing to learn, I am here. Trolling does not help.
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LOL I just post an additional information from ECB about how THEY explain money.
You also talk about money, so where is the "trolling"? You suffer from some kind of syndrome?
Anyways, I can comment whatever I want, I paid for that comment.
Geeze people nowadays are fucking sensitive snowflakes...
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It's fine, we both pay for the comments.
I call TROLL anyone who wilfully misrepresents the topic of the article, and replies with inflammatory, irrelevant, and offensive comments.
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you are too snowflake
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You are too troll.
And not really interested in economics.
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And you shilling a bullshit crap IOU here #707088 is not trolling, right...