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Money
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F / ar away
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Posted 8/1/14
Humans are the only living being that understands money. Animals are proof that you can live a happy, carefree life without money. But isn't money still a virtue? We humans have technology and wonderful conveniences and delicious food. All of which couldn't exist without the advent of money. In other words, to develop these items and that civilized lifestyle some form of trade system had to come about. Hence, money.
Posted 8/16/14
Money is pointless energy exchange. Nobody really needs money. Money only has value when you put value in it. Money is inherently worthless paper. I believe money to be just a form of control over the masses/sheep.

Why can't we just create things for ourselves and for others without the pointless money exchange. You don't need money as an incentive to be a productive person that contributes to society.
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17 / F / Tokyo, Japan 20th...
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Posted 8/16/14
I like to think of this in the same way I see games, I put a major goal that I would like to accomplish and it takes a long time to get to it, once I've gotten it I feel happy for a short while but the game just becomes boring and I eventually stop playing. I think this applies to how we think about money, we work so hard to earn it so we can get what ever we like but if we had enough to always get what ever we want then wouldn't it eventually become boring because there is no struggle? So it's not bad to have money, just not too much. We can't get everything we want after all, or we won't feel joy from getting things that used to be hard to obtain.
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Posted 8/29/14
Money is probably the greatest invention we've ever made. Without it we would probably be at least hundreds of years behind where we are now.

Of course there are problems with it but just like the concept of time, is there a better option that works better than money? I doubt it.
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Posted 8/30/14

Sir_jamesalot wrote:

I think the reason I hate money is because it's about worshiping a quantitative value and has no way of praising quality.
This works with multiple units of the same sample because you can rightfully say there are 2 of the same so the value is 2 times the individual or if there's 20 then the value jumps to 20 times the value of the starting unit.

What about individual pieces? The truth is that as individual samples there is only qualitative values to compare the differences and there is no distinct value for "blue", "light" or "strong".
What is the value of a pen to a book?
A shop may say a pen is worth $2 and a book is worth $2, but try trading a (new)book for a pen.
In theory it's a reasonable deal, the values are the same so nobody would loose.
Wrong.
The shop can buy 4 books(wholesale) with the $2 they could have gotten from the money, if they trade for a book they loose $1.50.

The price(quantitative value) of an item is therefore how much the consumer is willing to pay and has no relation to the quality(qualitative value) of said item. For a real life example of this consider fashion;
It is a common investment guaranteed to loose value over time and often before obsoleteness or damage beyond repair.

That's my 2c.

TLDR: Not my problem.


Discuss.


My 2 cents:

I don't want to go back old school.

I don't want to barter my steak to your french fries. Even it's seasoned or curly.
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Posted 8/30/14
no one likes or dislikes money... money is simply a place holder, a representation for resources.

the reason why "better things" cost more, is that things that "many people desire" have their cost driven up, and thus the correlation is "if everyone wants it, it must be better"

Now, this is true most of the time, as most things are pretty simple, big new house vs old broken down house in a bad neighborhood. plastic screw driver vs stainless steel. etc.

Where this breaks down is in the "brand" and "fashion" industries. Many of these brand name items are of low quality, however the ignorant masses desire them despite their inferior quality due to recognition of a brand. I see this often especially in simple shirts and things that most people don't seem to understand such as watches. brand name watches from fashion brands are usually very low quality, but are around 2 - 5 hundred dollars when better watches made by dedicated watch making companies can be bought for less than 100 dollars.

to take away trade is to put the human civilization back 100 thousand years, so in a way money is really useful, however in a scale as big as the globalized scale, there is a lot of complications that cause problems. inflation is created due to more money being made all the time, while resources remain limited in the world. Whenever the government prints money, they are stealing from all of us, making all of our money worth less than it should be. Money used to only be available according to the amount of gold a country possessed, now it is really just an empty promise on paper.

All in all, i appriciate what money brings to society. no one would be able to specialize in anything if not for money, we would all be farmer/herder/construction/cooks/clothes makers/shoe makers. with not much time for anything else. we'd all die from sickness, probably loose a lot of limbs from the cold with low quality clothing and shelter. Money allows us to help each other without some people getting seriously ripped off (for example i build you a big nice house, you give me a steak dinner)
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24 / M / KY
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Posted 9/3/14
I think eventually we will be moving back to our old ways of life. 100 years from now, cities will not be sustainable, and I think more folks will grow their own food and live in the country. When we no longer have the gasoline to power the trucks that ship most of our food around (here in America anyway) locally grown food will spike in availability.

Of course, anytime I mention this, most people like to say "why worry about something that's so far ahead"?

How about this... why wait until something becomes a major problem to solve it? Hm? At least start by preparing future generations for the sweeping changes that will undoubtedly occur, as our lifestyle/economies today have been completely monopolized by the usage of fossil fuels.
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Posted 10/15/14 , edited 10/15/14

BlueOni wrote:

Fashionable clothing isn't really supposed to be enduring, it's supposed to be attractive and exotic. The quantitatively determinable aspects of fashionable clothing (such as the material's resistance to tension, water, or flame) are therefore not as important for determining the clothing's quality and are not strong determinants of such goods' prices. Likewise, with precious few exceptions fashionable clothing is not supposed to be a long-term investment, and so the fact that it generally depreciates in value over time is irrelevant to its relative quality. What really determines the value of a piece of fashionable clothing (as far as quality is concerned) is its perceived beauty and its present popularity. And while these are not directly measurable characteristics one can certainly examine data on consumer preferences and demand to infer their relative values.

Then consider the case of a bottle of lubricant. Viscosity is among the most important considerations when examining lubricant's quality, and viscosity is a quantifiable characteristic. Another important characteristic of a lubricant is its purity since contaminants can interfere with moving parts, reduce or increase viscosity to undesirable levels, and modify its boiling point. As a result, the quality of lubricant is determinable entirely through quantitatively measurable factors, and it is these factors which will help to inform its price.



I'm especially confused at the concept of pricing on high-yield investment. Money itself is the materials, commodity, the product.

Hypothetically, there is a firm that takes money, and makes enough money to pay you and themselves by giving that money to somebody who can take that money and make something that makes enough money to pay the firm and themselves. The quality of the product is the exact amount of the return.

So we've got a loop. Money is being spent on the product, money. So the value is in the size of the difference between what is spent and what is returned. In this situation, a positive $0 difference is what can be fundamentally asked for. Except if you went for a quote, they would factor in A customer puts money in and expects more money back out very soon. And the idea is not the same as investing in a fashion line or a lubricant manufacturer. The idea is you put money into the investment firm, the investment firm puts money into whatever they can find that promises what it promised to you. And then whatever business is best at turning money into more money gets money to do what the investor in the firm is wanting in the first place.

What does this do to the price of money? I think fundamentally it should increase in value as it becomes more collected and pooled. And then the people who have collected the money would say "it's worth more now that I have so much of what is in demand and I can continue cornering this market and making sure it's harder for you to have any."

But that doesn't work in any practical sense, because money is integral to a society that has evolved under currency. So the opposite happens? Money is then created from nothing and given out, which drives down the value and the idea is still to gather as much as you can?

So I agree that money is wonderful at holding value regardless of the practicality or intent of what you have to offer. But where fashion and lubricant have intent outside of collecting the largest pool of money possible, high-yield investment is like setting swimming around in Scrooge McDuck's vault as a life-goal. It was nearly the only thing that helped him with morale, but I think everyone should have the chance to swim in gold coins if they believe that's what will make them happy. They should not have to collect the gold themselves to find this joy, an entrepreneur should open a pool that caters to this.

But they can't because that's how the market goes, because fundamentally, the experience of swimming in a pool of gold has to cost more than the value of the gold in the pool if there's gonna be anything of value to come out of something so niche.

I believe money and water have a lot in common. I believe the best stuff flows from old frozen mountains of it, there are wells that you can find it in if you dig deep enough, there is good stuff and bad stuff, the good stuff can stagnate, it's best when it's fluid, running. But money and water are used so differently that some people will actually take much more water than they need only because it is worth money. You don't see many people taking extra money intending it to use it on water. Extra money should only be used to increase universal morale. Outside of planning for disaster, there is no good reason to spend money on anything but brightening the day for as many people as possible. This is why my parents think I'm bad with money.

I don't like money to be bad in my hands. Tip your bartenders at least one dollar per drink, definitely more when you're outside of the Midwest. A pitcher is worth a $4.50 tip at minimum. You will get it whether you have the tip or not, because by being at a bar with someone or enough people to buy a pitcher, you are increasing universal morale in the first place. But if you have it, you should tip it.
Posted 10/26/14
you are the value op. you're part of this service , this cr experience that we enjoy.

senpai noticed you somewhere on some island wit da riches.
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21 / F / Los Angeles
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Posted 10/26/14
I don't think there's a problem with currency at all. You need some sort of value for your labor so you can acquire other things needed. The only issues that came out of it all rooted from higher leaderships/organizations who began taxing and using that money for the things they claim are for. (like military expenses, public education, construction, ect) The only reason money would be a problem is if it's being controlled unfairly.

Does the United States ring a bell lol
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Posted 10/26/14 , edited 10/26/14

Sir_jamesalot wrote:
The price(quantitative value) of an item is therefore how much the consumer is willing to pay and has no relation to the quality(qualitative value) of said item.


I don't see your point. You are also using the terms "quantitative value" and "qualitative value" incorrectly. The former has no relation to price and the latter no relation to "quality" so the statement is just gibberish.

What I think you're actually looking at is perceived value versus monetary cost from the position of both buyer and seller. Again, no relation to "quality" whatever that is, I assume you mean it in the sense of workmanship, durability, and/or utility. It's normal and good for there to be a difference in the perceived value of an item between the buyer and the seller. If there weren't, nobody would ever buy anything and commerce of any sort would cease to exist.

As for money itself, it has become the largest religion in the world. Unlike other religions, we'd pretty much be lost without it.
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