$$$ Philosophy of Money $$$

[Bill Wiltrack]

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Gold is the money of kings; silver is the money of gentlemen; barter is the money of peasants; but debt is the money of slaves.






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[bobevenson]

You show a picture of somebody fanning through a wad of fifty-dollar bills. First of all, if somebody has a stack of bills, it's not going to be 50's, it's going to be 100's, fool. Furthermore, since money is a medium of exchange of property, gold, silver, barter and debt are not money. Take a course in economics, pal.

[Bill Wiltrack]

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[bobevenson]

As usual, a Seinfeld clip is the best you can come up with, which as usual, is neither a good defense nor argument.

[Bill Wiltrack]

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Bitcoin (BTC) is an online digital currency that is based on an open-source, peer-to-peer encryption protocol first described in 2009 by a pseudonymous developer (or developers) Satoshi Nakamoto.

Bitcoin is not managed by any government or central authority. Instead, it relies on an Internet-based network.








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[reasonvemotion]

The reality is that were are virtually in a cashless society today, which is being created voluntarily. What purchases do you use cash for. McDonalds? On the other hand any mid to large size transaction inevitably will be paid for by credit card or another form of payment, not cash. In fact, in some places it is discouraged. I was on holiday recently and wanted to hire a car. I had cash for the payment and it was declined! Credit card only. What could a cashless society mean to us. Force everyone who doesnt want a credit card to have one?

[Impenitent]

numbers controlled by bankers have real value

utopia!!

you didn't earn that!

-Imp

[Bill Wiltrack]

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