Quote from: Pantheon on October 14, 2015, 01:18:29 AM

Quote from: LightRider on April 04, 2011, 07:51:25 AM

Greetings,

I was very excited to learn about the Bitcoin currency several months ago, and I am very pleased to see it growing. I am part of an organization called the Zeitgeist Movement, who advocates a resource based economy. We are interested in seeing a radical redesign of society and an associated shift in values. We understand that the major cause of human suffering today is the current monetary system and the warped values and corrupt behavior inherent in its implementation. We know that we can provide food, water, shelter and a highly technological life style to every one on the planet if we chose to do so. What generally prevents us from doing so is the idea of money, which paralyzes us as a society, in terms of technological advancement, quality of education and healthcare, and a sick culture that encourages us to be competitive and cruel to our fellow human beings.

Knowing and understanding the underlying mechanics of a monetary system is fundamental to not being abused by it. Currently, the vast majority of people are unaware of the destructive and unfair nature of our current fractional reserve banking system, and that makes them vulnerable to all the abuses we see today. Poverty, war, crime and hunger are the result of inequitable economic practices, and will not significantly change until we end or significantly alter our subservience to this and associated institutions. I believe Bitcoin would make for an ideal transition currency until a full RBE can be implemented.

An RBE is basically the realization that there are no arbitrary restrictions on reality. Being bound to the imaginary rules of a monetary game, we limit how much we can accomplish and provide for each other. If we declared all of the earth's resources as common heritage for all the world's people, and used the methods of science to construct and provide all of life's necessities for all people, then there would be considerable reduction in hunger, crime, war and poverty, not to mention unnecessary suffering due to lack of access of medical care or inadequate educational opportunities. If people were given all that were necessary to survive, they could devote themselves to the benefit of all man kind. These would be the values of a resource based economy, not the competitive and acquisitive value based behavior we see today.

I encourage you to learn more about these ideas if they interest you. I hope to support the bitcoin system as long as I am able, and I hope to see it become a dominant and thriving ecosystem in the months and years to come. Thank you for your time and attention.

An economy based on resources creates unity among the people. Its resources are treated as a common heritage of the people, there is no boundaries on who should be the ones to utilize or consume them.

I think the resource economy idea is a great one, but let's not be naive, it would require a much different society, what we have right now is simply not good enough. If you put people inside such a society, it would be a catastrophe next day. Unfortunately, we still need a money based system, we'll see in the future. And right now, the best money on the planet is Bitcoin.