Quote from: kireinaha on December 05, 2013, 09:36:38 PM

Quote from: mmitech on December 05, 2013, 09:10:17 PM

Quote from: kireinaha on December 05, 2013, 08:48:20 PM

Quote from: mmitech on December 05, 2013, 08:39:12 PM

BTW, I don't make minimum wage, I am an IT engineer and I think my salary is fair, but do you think that inflation rate really reflect prices ? I don't know about US dollars but in 5 years time period 100 buy more less today than it did at the defined period.

I wasn't insinuating that you did work minimum wage, just that $7.25 an hour (US federal minimum wage) shouldn't be viewed as a benchmark for supporting a proper, independent lifestyle. It is intended more for students and other part-time workers whose living expenses are already supported by others.

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when you say " it's a worker's responsibility to develop their skills and the rest will follow" you mean now I have learn something else and work extra shift so I will have more money ? like slavery ?

It's a fact of life that people are only going to pay you for the value of the services you can provide them. If you need your car fixed, you need to pay a mechanic for his time and expertise. But you're probably not going to pay a guy to clean your windshield for you, right? Maybe $1 or something. So you need to develop your skills in order to advance in your career and earn more money.

How you read into this as "slavery" is bizarre, unless you consider working for someone else for a fixed salary as slavery. Do you not get an annual raise at your IT job? Do you not invest any of your money? If so, what are you so upset about?

first I will answer your question:

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How you read into this as "slavery" is bizarre, unless you consider working for someone else for a fixed salary as slavery. Do you not get an annual raise at your IT job?

this is a very interesting question, it is called a minimum wage for a reason, there is the popular agreed on salary for a certain job, lets talk IT stuff, if I am a kick ass associate and I think I deserve X raise and my company is willing to pay less than that, I cant argue too much about it for a reason you know why ? the unemployment pecentage and I guess not only in EU but all around the world is really high, they would just tell me you don't like it, the doors are wide quit your job, and they will get someone unemployed who is in need and is willing to work for way less money than me, this is the minimum wage you are so proud of. and in fact they don't give a shit about my skills as long as the guy will be able to keep things running.

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Do you not invest any of your money? If so, what are you so upset about?

I did, just with Bitcoin, all other stuff I looked at before seemed as "horse shit", what I am upset at ? wow I dont know from where to start, just look at the world around you, you are giving me the impression that you live in different galaxy.

ok now I have a question for you, did you read satoshi white paper ? it is only few pages, go ahead read it come back read my OP and go back read the paper again and I will quote something from the OP to you to think about:

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I think most of investors look to the quick profit bitcoin can offers, which is really impressive but not all of you here see what is going on around the world, the infinity of money printing (inflation) is killing the economy. and believe me, smart politicians knows that there is an issue and they also know that there is no way to fix it with the existing system, and they also doesn't know what to do, so they keep doing the same thing to give the illusion of fixing it which is temporary and they keep repeating the same thing.

now when you do what I suggested, I think we can discuss this matter in a better way.

So in your world view, investing in anything other than bitcoin is horse shit. Roll Eyes

There are millions of people who have practiced disciplined investing for years and now have large portfolios to show for their effort, and many of them may have never even heard of bitcoin. You think investing in stocks and bonds is horse shit? If you're just going to easily dismiss sound investments so easily, I don't think you can be helped.

I actually don't support minimum wage at all, I think it should be abolished so that employers can pay a fair market wages for the work needed. But you're the one who was citing it as an example of the "huge problem". If you're a "kick ass" engineer, but there are millions of other "kick ass" engineers available with the same skill set as you, then of course you're not going to make as much money anymore. Again, that's why you need to constantly learn and improve your skills so you can stay competitive in your career. An IT engineer should know this stuff. If an employer offers you less money than what you feel you're worth given all these conditions, then it's your job to leave and find someone who will pay you what you think you deserve. I don't see why this is so hard to grasp for some people.

It's socialist thinking like this (ie. I deserve a high wage just because I'm here and I exist) that put the world into the financial crisis that it's in... not the controlled inflation that people here love to groan about. Governments going into massive debt to support the entitled lifestyles of worker who wanted to retire at age 50 with full benefits, etc.

Controlled inflation of 2 or 3% annually is perfectly healthy and the sign of a growing economy, it's actually a great thing, not bad. What would be bad is if inflation was sudden and occurred at a very high rate, but that is not what we're discussing.

I think you are here for the quick profit not for the concept of Bitcoin, but sure there is nothing wrong about it, just stop acting like you understand the whole thing and go do what I suggested before.