Post
Topic
Board Economics
Re: Money Is Political, Not Technical
by
pugman
on 22/01/2018, 20:38:10 UTC
Well said! Striking words. I'd seriously suggest you to firstly move this to serious discussion board before people spam the shit out of it.

Moving back on the topic. Money is political, very much agreed. Politics is all that matters now, not only for money but for the survival of the entirety, like say the possibility of the third World War. People want money, leading them to get pride alongside glory and honor to themself. Money makes a person wild.
Technical attributes of money is just for debating and arguing with one another. At the end of the day, if one has huge share or has tie up with higher authorities or if he himself in such a state that he can influence decisions as per his will, then no one actually cares about the technical aspect.
Money determines how much goes to the elites and their allies, and how much goes to everyone else.  In the service of the political goal of maximizing benefits for the former, all things tend to get distorted.  Not only is the economy twisted into producing too many luxuries for the beneficiaries by providing unstable employment to the rest (because, after all, luxuries are bought, or not, at the whims of the lucky.)  All the mainstream commentary we hear, somehow, only reflects what the elites want us to think.
I'd like to contradict this very point for one sole reason, this is totally influential. The purchasing power of people comes to play here. If you're in favor of the political party, then you don't have a problem. You're rich, given other factors obviously. We live in such circumstances where people are producing luxurious goods and inferior goods are becoming costly because of such. Eventually a day shall come where essential and giffen will price the same.

People thought bitcoin would make a difference but think twice its not doing any help. The same is happening over and over. People say gold is not owned by any country specifically, yeah sure why not. Keep telling that to yourself. A day shall come where we will come into a situation where even we would say yeah sure bitcoin is decentralized.