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Showing 3 of 3 results by kOLElEVI
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Board Economics
Re: Can bitcoin really save Greece?
by
kOLElEVI
on 02/07/2015, 14:31:18 UTC
converting to bitcoin would not save greece as whole. maybe the money of some residents at most. (hiding the money from vicious eyes of government)
Greece by it self is so deep in shit i cant even imagine how they are gonna dig out of it.
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Topic
Board Economics
Re: Your thoughts on Greece? What's the most likely outcome in your opinion?
by
kOLElEVI
on 02/07/2015, 12:30:12 UTC
in my opinion the things Greek government has been doing all these years are beyond horrible.
the greaks by default are whiney people.

they have pensions 1 500 eur a month. it gets paid 14 times a year. and people are still whining that they can afford to travel only two times a year.
considering that they are spending money which they dont have.

and in the end all europe will suffer.
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Topic
Board Economics
Re: Money is an imaginary concept, but humanity is enslaved by it
by
kOLElEVI
on 11/03/2015, 10:44:52 UTC
Quote from: Ghostface on March 10, 2015, 08:28:46 PM
Quote from: johnyj on March 10, 2015, 08:09:41 PM
In most of the people's mind, money is a standard unit of value. Just like using meter to measure length and using kilogram to measure weight, people use money to measure value

Based on proven economy theory, value is decided by supply and demand: More supply and less demand will decrease the value, vice versa. However, this does not apply to money: Money can be used to purchase anything, the demand for money can be regarded as infinite. When demand is close to infinite, the supply will not change its value in any significant way. So for average household, the money's value feels the same for them regardless of money supply


Money is a means to get wealth but not wealth itself. I'd buy some property with that cash and turn it into intrinsic wealth. Obviously most people don't understand the economics or ethics of money, but if they did they'd probably be outraged.

Money is an imaginary concept, but humanity is enslaved by it

You could also say the same about god/religion.

exactly!