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Old Yesterday, 01:28 PM
 
Location: Manchester NH
7,342 posts, read 1,985,918 times
Reputation: 2214

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Quote:
Originally Posted by Hoonose View Post
I don't know why a free market can't be barter based. And I don't know why free markets have to have moneyed investments.
Because that's what it is:
Free markets-
an economic system in which prices are determined by unrestricted competition between privately owned businesses.

Private property is a modern invention meant to accumulate wealth into the hands of a few large organizations. There is a reason old societies weren't called free market capitalism.
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Old Yesterday, 02:05 PM
 
8,431 posts, read 3,574,203 times
Reputation: 1635
Quote:
Originally Posted by Winterfall8324 View Post
Because that's what it is:
Free markets-
an economic system in which prices are determined by unrestricted competition between privately owned businesses.

Private property is a modern invention meant to accumulate wealth into the hands of a few large organizations. There is a reason old societies weren't called free market capitalism.
Ah, free market capitalism. OK.
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Old Yesterday, 05:06 PM
 
Location: OC, CA
9,932 posts, read 13,384,385 times
Reputation: 8807
Quote:
Originally Posted by EDS_ View Post
Economically illiterate comment. The "Tulip Bubble/Bust" occurred nearly 400 years ago in an era of very low information, cold weather and on another continent.

Thanks for playing.
Sorry your lens doesn't allow you to see the comparisons. Your points are frankly irrelevant. What does continent have to do with anything?

I trade with AI, machine learning, and yes history. Only fools don't learn from history.

And I don't generally respond to trolls but why not this time.

Have fun with your E Trade account
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Old Today, 06:08 AM
 
Location: Thailand
5,073 posts, read 2,419,111 times
Reputation: 9309
Quote:
Originally Posted by Northern Maine Land Man View Post
You rang? In 1918 you could buy a cow with a $20 gold piece. Today you can buy a cow with that same $20 gold piece. A $20 bill will get you about 4 pounds of good hamburg; so what has changed? The real values of the gold piece and cow have not changed. The Federal Reserve is two lies in one term. It is not federal and there is no reserve.
This is a silly way to try to make a point, I could just as easily bring up something like a television or clothing that required a lot more in equivalent gold to buy back in the day than today and say the opposite.
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Old Today, 07:04 AM
 
Location: Manchester NH
7,342 posts, read 1,985,918 times
Reputation: 2214
Quote:
Originally Posted by lieqiang View Post
This is a silly way to try to make a point, I could just as easily bring up something like a television or clothing that required a lot more in equivalent gold to buy back in the day than today and say the opposite.
Money is an artificial value inflated by the feds and investors who are hoping to use goods as storage for value (like houses to even cattle). None of it has to do with function or desire, it is all a frauds game.
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Old Today, 07:12 AM
 
Location: Northern Maine
9,591 posts, read 14,445,552 times
Reputation: 9153
Panama uses our dollar. They have their own coins which are the same size and weight as our coins, but the cash is US dollars. I expect there are other economies where the dollar is more stable than the local currency.
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Old Today, 07:23 AM
 
623 posts, read 741,449 times
Reputation: 776
Not only does Bitcoin have no intrinsic, implicit value of it's own, but it uses resources (electricity) to produce. Even dollar bills do not tax the resources of the country in that way.
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Old Today, 08:49 AM
 
8,431 posts, read 3,574,203 times
Reputation: 1635
Quote:
Originally Posted by lieqiang View Post
This is a silly way to try to make a point, I could just as easily bring up something like a television or clothing that required a lot more in equivalent gold to buy back in the day than today and say the opposite.
Tell these people to stop worrying so much about numbers. Worry about lifestyle and standard of living.
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Old Today, 09:02 AM
 
Location: Copenhagen, Denmark
9,967 posts, read 8,167,287 times
Reputation: 11337
Quote:
Originally Posted by Winterfall8324 View Post
I called it when this sham first started: https://www.google.com/amp/s/amp.ft....8-8c755afbfb5d

Iíll tell you why, capitalism is a state invention and without it it cannot survive. I support a society with no currency or centralized state, but the idea that you could have a monetary system to artificially price goods and inflate prices (which is the scam that is capitalism) without violent state protection or corporate monopoly is a joke.

And as bitcoin crashes, the idea that the free markets operate naturally without state intervention dies.
Why do you think it's "failing"? It's simply falling to reflect it's real value. Early in/Early out/are the winners.
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Old Today, 09:57 AM
 
Location: Manchester NH
7,342 posts, read 1,985,918 times
Reputation: 2214
Quote:
Originally Posted by Frihed89 View Post
Why do you think it's "failing"? It's simply falling to reflect it's real value. Early in/Early out/are the winners.
Like stocks it is an investment, but itís not a viable currency.

Why would vendors accept a currency that fluctuates based off of usage. Itís like going to the store and offering a stock investment that you couldnít sell.

Oh yeah, and if bitcoin traders exchange bitcoin for state currency then they are betraying the free market method by which crypto-currency came to existance.
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