Is money a bad thing? Wouldn't barter solve a lot of problems? What's the best form of money if we need it?
Money is not intrinsically evil but is in fact necessary. Barter only works on the smallest scale for a limited time, so there needs to be a medium of exchange accepted by everyone as fairly representing the value of labor. As explained in various articles and videos, this medium of exchange or currency must have the following properties:
- Fungible: Interchangeable; that is, every unit is equal to every other unit. It might also include the quality of anonymity, such that there is no personal identification associated with a given unit.
- Divisible: Able to be broken down into fractions practical for the smallest exchanges of goods and services.
- Portable: Easy to carry and exchange. In this era of electronic finance, portability should also include the ability to transmit over long distances, and to make backup copies to minimize the risk of loss from accident or theft.
- Durable: Able to withstand frequent handling over long periods of time.
- Non-consumable: Having the property of being valued yet not widely used for daily consumption.
- Scarce: Difficult to obtain and process, so that the currency cannot be devalued by either government or many people creating their own.
From this list it should be obvious that no fiat currency should really be called currency at all. Fiat, as the link explains, simply means “by official decree or edict”. That is, a government creates the currency out of thin air and controls the supply, neither of which have any necessary connection to actual value or commerce. And it is this control which has been criminally abused in order to steal the wealth of all who must use it.
But not all digital currencies are fiat, and not all physical currencies are actually physical and tangible. Central control does not safeguard money to a greater degree than decentralized currencies. Scams and hacks are not vulnerabilities restricted to any truly peer-to-peer network, since fiat money is stolen every day, whether digitally or physically. So the ideal currency is one that is tied to the value of labor yet not capable of being corrupted, while also being easily exchanged over any distance.
The fundamental principles of finance are not widely (if at all) taught in public schools at any level. And this is by design, since an ignorant populace can be unwittingly robbed on a daily basis by people they’re told to trust as experts in finance. Such people are also easily “spooked” by any perceived threats to the status quo, which is why non-fiat currencies such as Bitcoin are routinely vilified and slandered. The only thing people are taught by which to judge a currency is whether they can pay their taxes or hold physical money in their hands— though most fiat money is digital now, yet this doesn’t seem to bother them.
People should take responsibility for their own financial education, rather than remaining dependent upon government schools. Study the foundational principles of money, and learn to recognize the many ways in which fiat controllers rob you of the money you rightfully earn. And the best way to identify a true threat to the fiat system is to take note of what it tries to outlaw, regulate, or attack.
Article adapted from my main website
Hi! I am a robot. I just upvoted you! I found similar content that readers might be interested in:
http://witw.fether.net/?cf=money
It is her own website. So there is no plagiarism involved.
Yes, thanks. So far it doesn't seem like the bots are issuing a warning, but I'm new here.
unfortunately content gets flagged easily when a bot discovers plagiarism. And this just looked like a first indicator. Therefore it is always a good idea to refer to the sources of material (texts, videos, images, etc.) from other websites or your own website at the bottom of each posting.
In this article you see why: https://steemit.com/steem-help/@steemcleaners/why-cite-sources
And in this article you see an example for pictures:
https://steemit.com/steemit/@jokster/how-to-cite-your-sources
Again, thanks, I will update my posts. Also, I've been trying to start using steemimg.com to host images, but it doesn't seem to work, must still be in beta or something.
yeah, most things are in a beta state on steemit. But there are different frontends. If you use https://busy.org/ for example, at least drag and drop or copy and paste of images works. In https://steemit.com it didn't work for me.
I'm also still quite new on here. I started in January.
Thanks again.... logged into busy.org, assuming images are uploaded by making posts? Don't see another way to do that yet, I apologize in advance for bothering you if it's something simple, lol.