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@Saktoth, I'll temporarily play your game if you think this is all about gold...
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@Saktoth, I'll temporarily play your game if you think this is all about gold...
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[quote]To you shells are 'WTF', but they are natural resource like gold, they cannot be 'counterfieted' (The alternative would be what, plastic? The same value as plastic gold).[/quote]
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[quote]To you shells are 'WTF', but they are natural resource like gold, they cannot be 'counterfieted' (The alternative would be what, plastic? The same value as plastic gold).[/quote]
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You are mixing up 2 concepts... counterfeiting and synthesizing. You can counterfeit *anything*, but you can not synthesize everything.
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You are mixing up 2 concepts... counterfeiting and synthesizing. You can counterfeit *anything*, but you can not synthesize everything.
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So yes, plastic, some polymer or epoxy, anything cheap and good looking enough to fool the receiver... that's the point of counterfeiting, that it is cheaper than the original! Plastic gold? Try harder... seriously.
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So yes, plastic, some polymer or epoxy, anything cheap and good looking enough to fool the receiver... that's the point of counterfeiting, that it is cheaper than the original! Plastic gold? Try harder... seriously.
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Can gold (as an element) be counterfeit? I doubt it. Can you synthesize gold? Of course not. Can a gold coin/bar be counterfeit? yes!
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Can gold (as an element) be counterfeit? I doubt it. Can you synthesize gold? Of course not. Can a gold coin/bar be counterfeit? yes!
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[quote]So, beads as currency then?[/quote]
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[quote]So, beads as currency then?[/quote]
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Are beads fungible? Is there an agreed upon market price for a bead? Is a small bead the same price as a larger one? Does a defect affect the price of a bead? Is a bead divisible? How much is a bead worth, and what do you do if you want to buy for a tenth of a bead worth of something?
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Are beads fungible? Is there an agreed upon market price for a bead? Is a small bead the same price as a larger one? Does a defect affect the price of a bead? Is a bead divisible? How much is a bead worth, and what do you do if you want to buy for a tenth of a bead worth of something?
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[quote]It's harder to produce than the paper money, destroys more of the environment, is unequally distributed between countries: a country can get rich just off gold while doing nothing else worthwhile[/quote]
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[quote]It's harder to produce than the paper money, destroys more of the environment, is unequally distributed between countries: a country can get rich just off gold while doing nothing else worthwhile[/quote]
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That's the whole point of gold in this context. That a central bank can not decide to spontaneously create more out of thin air, and so, dilute what you already own, in comparison with the total amount of the thing (gold) in existence.
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That's the whole point of gold in this context. That a central bank can not decide to spontaneously create more out of thin air, and so, dilute what you already own, in comparison with the total amount of the thing (gold) in existence.
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[quote]
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[quote]
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Digging giant holes in the ground to dig up gold and put it in vaults is a waste of human labour and should not be rewarded. [/quote]
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Digging giant holes in the ground to dig up gold and put it in vaults is a waste of human labour and should not be rewarded. [/quote]
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"I, Saktoth, declare that gold owners/miners should not rewarded". Sure.
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IMO that's as a naive as saying "bitcoin mining doesn't serve any purpose" (though for other reasons). You are speaking as if the whole human activity was centered around efficiency as a specie. You can't control what other do... and if they believe that gold is a worthy possession, go tell them that they are wasting their time and that they should just get shells or beads. Paper currencies are about trust. You trust that someone will honor the face value of the bill, and in the longer term, you are confident that there will not be hyperinflation.
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IMO that's as a naive as saying "bitcoin mining doesn't serve any purpose" (though for other reasons). You are speaking as if the whole human activity was centered around efficiency as a specie. You can't control what other do... and if they believe that gold is a worthy possession, go tell them that they are wasting their time and that they should just get shells or beads. Paper currencies are about trust. You trust that someone will honor the face value of the bill, and in the longer term, you are confident that there will not be hyperinflation.
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Now, you may believe that I'm a gold proponent because I dispute what you said about it. I just recognize why people seem to like gold as a "store of value"... and your criticism of gold fails as much as your proposed alternatives (cowrie shells).
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Now, you may believe that I'm a gold proponent because I dispute what you said about it. I just recognize why people seem to like gold as a "store of value"... and your criticism of gold fails as much as your proposed alternatives (cowrie shells).
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I suspect that you still haven't watched the videos, because you fail to address the important point, which what the current problems are with the dollar, not the gold solution. China is not far from where you are... don't you see something coming? Go tell them that cowrie shells is the way to go, or that they should just continue to get more dollar bonds because its more efficient than gold. They will laugh at you...
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I suspect that you still haven't watched the videos, because you fail to address the important point, which what the current problems are with the dollar, not the gold solution. China is not far from where you are... don't you see something coming? Go tell them that cowrie shells is the way to go, or that they should just continue to get more dollar bonds because its more efficient than gold. They will laugh at you...
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The world may have been dollar-centric during your whole life so maybe you can not even conceive that this could change, due to a shift in power and due to monetary policies. Good luck with your beads or your cowrie shells.
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The world may have been dollar-centric during your whole life so maybe you can not even conceive that this could change, due to a shift in power and due to monetary policies. Good luck with your beads or your cowrie shells.
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