Ludwig Von
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December 13, 2017, 01:36:52 AM
Last edit: December 13, 2017, 01:51:18 AM by Ludwig Von

Raoul posted the full story today, an absolutely must read for all... .

https://www.theautomaticearth.com/2017/12/bitcoin-doesnt-exist-the-full-story/

This is truly awesome. Very well written!

Didn't read it all yet, but the quote and it's conclusions "So money at its most austere is simply a promise" was kind of bullshit.  The real crux of the situation is that money is an imaginary or social construct humans use to try and gain leverage over one another, and so the further you abstract human trade away from barter, the bigger an immoral scam you have created.  THIS is why only physical commodity currencies can be money, whether it's gold, silver, oil, wheat, or what have you.  Anything that does not have some type of roots in the real world is a flat out scam because you're inherently trying to con other humans into accepting something of no value for a real world good of value.

Wether I borrow your fishing net with the promise to give you a fish, or a gram of gold or a satoshi, or a cent, it all remains the same : a promise that I will reward you for doing something for me. Money is  a means to facilitate barter. It only goes wrong when the facilitator is manipulated. And that is equally true for fiat or gold(look at the gold markets, it is laughable). So maybe you make the right point but are as misguided by the fiat scam as so many are. (we all are to some extend).