Poll
Question: Closing BTC Price June 28:
$0 - 5 (2.6%)
<$7,000 - 4 (2.1%)
$7,000-$7,499 - 0 (0%)
$7,500-$7,999 - 0 (0%)
$8,000-$8,499 - 1 (0.5%)
$8,500-$8,999 - 3 (1.6%)
$9,000-$9,499 - 4 (2.1%)
$9,500-$9,999 - 27 (14.2%)
$10,000-$10,499 - 26 (13.7%)
$10,500-10,999 - 15 (7.9%)
$11,000-$11,499 - 14 (7.4%)
$11,500-$12,000 - 17 (8.9%)
>$12,000 - 59 (31.1%)
>$20,000 - 15 (7.9%)
Total Voters: 190

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Author Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion  (Read 21254652 times)
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Lambie Slayer
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April 12, 2019, 09:31:43 AM

I believe minimum wage is morally wrong because it makes it illegal for you to sell your labor for under a certain price.

Likely you misspoke, here.  Morally wrong and illegal are two different things.


Likely you misread Lambie... Minimum wages makes ilegal to work being paid less than that... and it is morally wrong to impose such limitation because it ends up in more unemployment and bars from working (and being paid *anything*) people that do not produce/deserve more than that. I do agree... with some reserves though.

I doubt that I misread or misunderstood Lambie...

Minimum wage brings an attempt at a balancing of interests, and sometimes those interests are not very well balanced, but whether something is immoral or illegal tend to be different questions, and sometimes might overlap.. but they are a bit different categories of consideration.

Juan, my thoughts here are similar to Bitserve. I dont see why you would think I misspoke here, so perhaps you did not get my meaning. I stated a belief that minimum wage is immoral. I stated why I believe this, because it makes it illegal to sell your labor under a certain price. Its just an opinion, but I was pretty clear about it and I never implied morally wrong and illegal were the same things.

I am ok with minimum wage in a fiat system at the moment bc the de facto pay cut of currency debasement would wreak havoc on the vulnerable even more than it does now. Basically Im ok with fighting the immorality of money printing and employer oppression with the immorality of minimum wage.

But I believe when(not if) Bitcoin takes over as the main currency employees are paid in, then we will have made money printing obsolete and we can stop the immoral practice of minimum wages that price the low skilled, ex cons, mentally handicapped, drug addicts, homeless, etc, out of the work force.

Ok.  That is a reasonable explanation both in terms of your prior morality assertions and in terms of how you believe future incentives are going to evolve including how bitcoin may play a role in such future motivations.

Thanks. I believe a more prosperous Bitcoin based society will have many more resources to protect the vulnerable, and like you this is also important to me. Hopefully with life extension tech we can all live to see this future.