Quote from: log0s on October 11, 2011, 05:30:37 AM

Quote from: zby on October 11, 2011, 05:09:16 AM

Quote from: log0s on October 10, 2011, 10:18:15 PM

Quote from: zby on October 10, 2011, 09:11:45 PM

How money emerged naturally is not that important, believing that it can do it only in one way is like people believed that only nature can produce organic matter (http://en.wikipedia.org/wiki/Vitalism) until Friedrich Wöhler synthesised urea.

It's obvious to me that you do not have an adequate understanding of how money emerges.

This book, especially Chapters 1-3, will be a good start: http://mises.org/rothbard/mes.asp

If you really want dig deeper, you can read this book: http://mises.org/resources.aspx?Id=3250&html=1

When I say that the origin to money is not that important you lecture me with 'you do not have an adequate understanding of how money emerges'? It's obvious that you are not paying attention to the arguments and only discuss with the straw man in your own head.

You challenged my alleged belief that money can emerge only in one way. So I provided you links to material that explains how money naturally emerges, and then I provided some simple explanations as to a couple of ways you could theoretically create an artificially determined money using the knowledge of how money emerges naturally, one way being through propaganda, and the other through impractical direct physical manipulation of the brains that you want to value your artificial money.

That's all very reasonable argumentation - but writing 'you do not have an adequate understanding of how money emerges' - is not - it is only an insult.

Ad rem - I don't believe you exhausted all possible ways that money can emerge. Bitcoin has already emerged as money - you can exchange it for goods etc and in this respect it is no different then gold. Why people would sell you something for bitcoin? Because they believe that later someone will buy that bitcoin from them. This is already happening and it did not involve any direct brain manipulation, you can argue that it involved propaganda and misleading - there sure were some dubious claims all over the internet about bitcoins - but this is not different from any other tradeable asset and in particular with gold.

Quote from: log0s on October 10, 2011, 10:18:15 PM

Knowledge of how money emerges is extremely important if you want people to adopt a specific money. Having that knowledge helps you not waste your time on certain things, or make stupid mistakes. And I have a hard time imagining someone that understands how money emerges would say that how it emerges doesn't matter that much when talking about the adoption of a supposed money, so the simplest explanation was that you lack some understanding of the topic.

The simplest explanation is that your imagination is limited.