Quote from: Elwar on September 13, 2015, 09:24:29 AM

Quote from: billyjoeallen on September 13, 2015, 08:30:33 AM

People would still spend a currency even if they knew it would go up in value forever because nobody lives forever. They just wouldn't spend it frivolously. That's a bad thing? We all need billboard-sized flat screen television sets and a new car every two years?

This.

The consumerism economy that cheap money has created is ridiculous. Let's waste as much of our planet's resources as we can so that we can turn them into something we use for 5 minutes then throw away.

Investing so that your money is working for you? This creates a large part of society that is just living off of money working for them. That is not productivity, that is a drain on society.

As someone who actually lives on Bitcoin and from what I have heard of others who are doing the same, we spend our money on things that matter and don't waste as much money on frivolous things. Personally I have found it very freeing to not care about "stuff" anymore. Everything I own can fit inside a backpack and suitcase (other than my very economical car). I see posts on Facebook of some "cool" product followed by tons of posts of "I want!". While I look at it, think it's kinda clever and have no care for acquiring it. I spend most of my money on living life. I travel to a new country at least once a month. Collecting experiences as opposed to things. Enjoying people instead of possessions.

I feel bad for my co-workers who all have 6 figure incomes who are always complaining about not having enough money, and credit card bills and all of this debt. While they drive high priced cars (with insane gas bills), constantly have packages being delivered with new goodies and expensive places to live.

We share the view of this consumerism that is so popular now. I am like you and only buy what i need and never buy a gadget just because it could make me cool.

Investing is so much more than what you belive it to be. When i look out my window i see a fish farm. Someone has invested their money and created a work place for a lot of people producing food. Nothing is more important than food and those people are doing the most important work on the planet. No job is more important than producing food. Think about that when you see a farmer...

Without that first investments there would be no fish farm and no jobs and no food. Why would the guy who started the fish have done it if he could just sit back and earn money by just having them?