@Ulithian then that leaves us with a question to answer

Since crypto at least as we know it is currently completely devoid of privacy and security

Fiat is not a ethical option

And trade barter systems are limited to local economies( for some reason)

So what kind of currency or money system would be valid? @Ulithian

GG @SHEPARD D☭G, you just advanced to level 10!

Most coins are pseudo-anonymous, which means you have to handle with care like conventional fiat
Some coins are purpose built to be very privacy conscious like, monero, dash, zcash and zcoin.

To me it is the most realistic option so far.

Plus so far the main loss of anonymity for crypto comes into play with fiat-crypto transactions.

Also I know you are attached to the Idea of barter. But you need to understand it's limitations to be able to use it effectively.

Firstly, the double coincidence of wants.

Secondly, the indivisibility of value.

Thirdly, lack of standards for deferred payments.

Lastly, Difficulty in storing wealth.

Most of these can be worked around with a significant network of willing participants.

The problem is finding willing participants.

Most of you willing participants will be on the local level because if you try it outside of your local area, you now have the additional overhead of postage or freight. If you are doing it yourself, fuel and other wear and tear on your vehicle.

Not to mention you now have to pay twice for postage or freight.

Damn mee6, can’t give @Ulithian a level for that

<:530023990715088899:614732465239621643>

@Ulithian nothing says that the barter can't come to a pseudo currency such as trading in oil( basically could be handled the same way as trading with gold and silver except it's legitimately useful to the economy and any form of inflation requires further investment into Industries revolving around the creation of such fuels ... plus as a useful externality at least standard petrol does expire after about a year which makes it harder for lazy people to just ride on old money)


However yes I never said that Bater is perfect
just that it's preferable when compared to the other options of either giving up your anonymity or supporting a state bureaucracy

.

Something else I just kind of thought of is most currencies would fall under the Coincidence of wants

Like If I bring 60000000 yen to a American Store I'm not going to get very far

Yeah but it's enforced as legal tender nationally.

So that makes it kind of standardized and convertible

And we kind of lose that Advantage depending on which cryptos we're trying to set up our economy with

Yeah anything can be used as commodity money, some better than others.

Oil can count, but left by itself it would be replaced by gold.

Problem is that its inability to hold value over time penalises it.

Yeah I agree certain entities are gonna want the hording ability

That's kind of why I like the idea of oil having a expiration date

Like these people don't really add much to the economy just by hoarding money

So if it's a use-it-or-lose-it type of game they are incentivized to keep the money flowing ( be it investing that into agriculture of farm equipment or running city buses longer distances which serves more customers or just trading it for useful items that someone had to make and is now getting paid for basically you could come up with any example you want)

And if they lose it then that just opens up the market to people who are further down on the food chain to step up

Yeah I agreed that for this reason the powers-that-be are not going to like it and getting them to do so would basically be a Fool's errand it's just kind of a thing I think would be nice

I think this is keynesian logic here.

Saving is important for a healthy economy, for starting large projects and for providing capital to banking/credit unions to provide loans to people who need it.

Saving or better said investing is very important indeed. If someone 'hoards' money, it'll be -after some time- like the person burned the money, but by all means its out of circulation, and also its not invested anywhere which is isn't very helpful to the owner of the money.

@Ulithian but Kenzie ins don't want economic growth they just want more spending without thought put into what the externalities of that spending will be

I almost forgot to take into account their idea of spending loaned money instead of owned money

You can still save up for something in a year it's not like we're talking about beans or cabbage that'll go bad before the week is over

In either case you are forced to spend your wealth before it loses its value.

imagine using centralized currency

Imagine not using gold and crypto

unbased af

imagine not investing in Molybdenum or massive bricks of neodymium

platinum may drop heavily in value because reasons

also two bricks of neodymium is a based way to castrate pedophiles

@Ulithian don't really have anything to say about that like another part of healthy economies is upward opportunities

Old businesses should die via some means in order for new ones to take their place

GG @SHEPARD D☭G, you just advanced to level 11!

I can't argue the pedo thing

neodymium is like

so fucking magnetic

it's based

2 bricks of that shit and it would be instantaneous pp go bye bye

Idea


What if you put them in a jigsaw situation?

Like if they don't diy they die

So they have to live with the feeling of how it was their own doing

Imagine not Investing in Helium because the world will literally run in about 30 years and nobody knows because the Industries that use Helium lobbies Gov't to artifically keep the price down.

just go to inside a star and harvest

like so easy smh

just go to the core

and

yeah

scoopeth

uwu

ok

<a:539480664316051457:614733786659422208>

The year is 2060 little jimmies birthday party balloons are full of hydrogen

..mommy lights a cigarette

Alright everyone, grab a shovel, you have 10 microseconds to scoopeth thy Helium before burning up.

alright children!

gather around!

we have a game for you!

Are yea ready kids?

AYE AYE CAPTAIN

I CANT HEAR YOU

** AYE AYE CAPTAIN**

I CANT HEAR YOOOUUU

Ohhhhhh who mines the helium from under sun

AAAAAHHHHRRRGGG

>>>

** AYE AYE CAPTAIN**

SPONGEBOB PLASMATICPANTS

WHO HYPERCHARGES HIS BODY TO GO DOWN TO THE DEPTHS

Glowing and firey and gasius is he

Who orbits around jupiter to collect helium?
Spongebob PLASMATICPANTS

well I mean it's in space too

lots of it

so

ok

yea

no

Yeet

get a big ass fucking net

and ok

Yeet indeed

get hydrogen and helium for days

because reasons

ok boomer

then oxidation ensues

@Deleted User ok boomer

oxidation of helium..

yea

nignog

the

hydrogen

it'll be a cold day in hell

to

GG @Deleted User, you just advanced to level 4!

not the goddamn helium

nignog

nignog

ik

ahh yes

i'm just fucking with you

**oxidized helium**

<:Suuure:612151041210843136>

Helium Trioxide

ÖwÖ