Post AY8XtfvtTySI3u8dCS by mk@mastodon.satoshishop.de
(DIR) More posts by mk@mastodon.satoshishop.de
(DIR) Post #AY8OWc7GbhX9yeO1GS by freemo@qoto.org
2023-07-27T23:06:38Z
2 likes, 2 repeats
Just a reminder, wealth is **not** a zero sum game. If it were we would still be living in caves.
(DIR) Post #AY8POi6WYlpOBbpml6 by mk@mastodon.satoshishop.de
2023-07-27T23:16:27Z
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@freemo in this game there's always new pie beeing created and the rich fags get their fingers on them first when they are still fresh and warm !---what is the cantillon effect?https://www.youtube.com/watch?v=LvvlEbX66jM
(DIR) Post #AY8PWFfQAkE2J4kkUK by freemo@qoto.org
2023-07-27T23:17:48Z
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@mk There is no claim here that there arent issues that are unfair in the economy.. but the simple existence of rich people is not a red flag.
(DIR) Post #AY8Pi9pBiiXpf4zyAi by TruthSandwich@qoto.org
2023-07-27T23:19:57Z
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@freemo Diminishing marginal value says otherwise. Inequality in wealth diminishes total wealth, so it becomes negative sum, not even zero sum.
(DIR) Post #AY8Pvt4WnpSrl5ijjM by ech@qoto.org
2023-07-27T23:22:28Z
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@freemo @mk Yeah, I always wondered why there was so much emphasis recently (like the last 15 years) on wealth disparity in the US rather than quality of life for lowest X% of wealth.
(DIR) Post #AY8Q1oLvGKRYrJgJIO by mk@mastodon.satoshishop.de
2023-07-27T23:23:31Z
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@freemo "wealthy people having money doesn not mean there's less money for you."1. wealthy people control the monetary system2. wealthy people print money3. printing money decreases the value of money4. if the wage of ordinary people doesn't rise with inflation, they got less purchasing power...or simple..less money.
(DIR) Post #AY8Q1wVQwqny98C1EO by freemo@qoto.org
2023-07-27T23:23:31Z
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@ech Because politicians and parties dont really care about fixing things, they care about what hypes people up the most.. Having an evil villain does just that, plus it helps distract people away from their own evil deeds.@mk
(DIR) Post #AY8Q9Cs0VOFAvSDOtM by freemo@qoto.org
2023-07-27T23:24:51Z
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@TruthSandwich Nah, thats not what the math says.. That said there **are** issues where bad people with money cause those effects (and it should be addressed).. but to claim it is the direct result of moneyt distribution is just not in line with the reality. The truth is much more complex than that.
(DIR) Post #AY8QJQFHd9ypIwyQYS by freemo@qoto.org
2023-07-27T23:26:41Z
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@mk Ok, 4 points that have nothing to do with the fact I stated, and doesnt change the fact that what I said is true.To your 4 points I am not saying they arent real concerns, they are conversations in and of themself worth having.. But you, as people often do, are blinded by trying to argue "Wealthy people are bad" which just pushes you onto unrelated topics since my argument is not "wealthy people are good".
(DIR) Post #AY8QUmj4OC6wDCK9iq by mk@mastodon.satoshishop.de
2023-07-27T23:28:45Z
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@freemo 00:04:09 "usa printed more than a third of the active money supply in the economy today in 2020/2021"---Hyperinflation is Already Here – You Just Haven't Realised It Yet.https://youtu.be/1HmGLV46L60?t=249
(DIR) Post #AY8QWXKiaeOj3ElkOm by mk@mastodon.satoshishop.de
2023-07-27T23:29:05Z
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@freemo 00:04:09 usa printed more than a third of the active money supply in the economy today in 2020/2021---Hyperinflation is Already Here – You Just Haven't Realised It Yet.https://youtu.be/1HmGLV46L60?t=249
(DIR) Post #AY8Qa2yFQ1xI2fvsdk by freemo@qoto.org
2023-07-27T23:29:41Z
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@mk Ok, not sure why you keep insisting on a topic that isnt what the OP is about.
(DIR) Post #AY8RA625Vo1bxnv0QC by freemo@qoto.org
2023-07-27T23:36:12Z
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@mk Ok. still not related to the OP though.
(DIR) Post #AY8RZBKyvU5lehiYG8 by mk@mastodon.satoshishop.de
2023-07-27T23:40:45Z
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@freemo my position is:you CAN NOT have working freemarket capitalism if you don't fix the monetary system first.what should happen:switching back to gold backed paper (like the BRICS does)what is going to happen:a totalitarian cbdc nightmare
(DIR) Post #AY8Rk0hsn66hs2aoc4 by freemo@qoto.org
2023-07-27T23:42:43Z
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@mk Regardless if thats true or not, it still isnt about the OP. I have no objection discussing the bigger problem, but that would deserve its own thread, not hijacking one of an unrelated topic.
(DIR) Post #AY8RpBJWmUMGDSfOiW by mk@mastodon.satoshishop.de
2023-07-27T23:43:38Z
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@freemo ok..whats the original post about then?
(DIR) Post #AY8S7yGHX8z5El6kts by freemo@qoto.org
2023-07-27T23:47:02Z
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@mk The original post is about wealth not being a 0-sum game. No matter how much some have that does not imply others had to have less for them to have more.To put that in simple language. If the whole world had only two people, and one had X wealth, the other Y wealth, it is possible (and in fact fairly common ) that both values can increase over time. In otherwords, everyone can get more wealth without anyone loosing wealth. Over time that has overwhelmingly been the case as is evident by the fact that we arent still living in caves.
(DIR) Post #AY8SDYk1KYMLpBgOI4 by mk@mastodon.satoshishop.de
2023-07-27T23:48:03Z
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@freemo why can't you answer this?
(DIR) Post #AY8SI009v3fXWsLf7o by freemo@qoto.org
2023-07-27T23:48:50Z
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@mk What are you talking about, I answered this already here as a reply:https://qoto.org/@freemo/110788714296101692
(DIR) Post #AY8SrMTMMfTVMCrvxw by LouisIngenthron@qoto.org
2023-07-27T23:55:15Z
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@freemo No, but wealth is a marker of exploitation. A certain degree of wealth can be legitimately earned, but above that point, the wealth is grossly disproportionate to the value created for the economy and can only be obtained through some degree of systemic exploitation of the labor of others. Stock trading is the classic example of this.So, in that sense, the sign in the OP is accurate.
(DIR) Post #AY8T8df5i0EDajavRY by freemo@qoto.org
2023-07-27T23:58:22Z
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@LouisIngenthron Nah, that sounds just as incorrect to me. Having a lot of wealth just means you you may have longer-term do-gooder plans as well (just as you may have long-term evil plans). For example if you spend a lot of your money starting charities, you might recognize you do more good with their money than most. But if you spend all your money in one go doing charities then that is all the good you will do.. However if you invest some of your money in doing good, and the rest in generating more wealth, then long term you can do much more good.So no, having wealth, even in the billions, is never an indication or red flag at all.. It means nothing on its own, you have to look at the persons overall choices.
(DIR) Post #AY8TuvXUXn8EwB48Gm by LouisIngenthron@qoto.org
2023-07-28T00:07:06Z
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@freemo Except, again, if you have the wealth, it means it's not being donated to charities. It's still yours.Charity would, therefore, be a limiting factor to wealth. Good people would donate enough of the excess to avoid being over that evil-wealthy line.Moreover, charities are free to invest the money too. Why would a wealthy person hanging on to it for themselves to invest be better than giving it to the charity to choose to do with how they think best (including investing)?
(DIR) Post #AY8U9wZSzQtaTu9M6S by LouisIngenthron@qoto.org
2023-07-28T00:09:49Z
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@freemo Also, for the long-term thing: The longest term that should matter for wealth, in my opinion, is one human lifetime. Inherited wealth just seems to create assholes.
(DIR) Post #AY8UbO4SqzOZacjd4q by IAmErik@qoto.org
2023-07-28T00:14:47Z
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@freemoWell, the total amount grows over time, but slowly. If this is addressing wealth disparity, that is indeed a zero-sum game at any moment in time. The more that billionaires have, the less the rest of us do.I haven’t really heard much angst about people with a million or three, though. The outrage tends to be directed at those with outsized wealth, and the outsized control that goes with it.
(DIR) Post #AY8V2Abr0kRlet7jaS by freemo@qoto.org
2023-07-28T00:19:35Z
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@IAmErik No the idea that wealth grows slowly is a huge fallacy.. you are probably thinking of money supply, not wealth. Wealth actually grows quite quickly, it can also be destroyed quickly.The logic applyes whether you have a million or a trillion, no matter how much someone has is never a reason for outrage. What a person does with their money is all that matter, some create tons of wealth, some destroy wealth, and others give to charity… most do some sort of combination of the three.
(DIR) Post #AY8VA7uKwNABayYxLE by freemo@qoto.org
2023-07-28T00:21:02Z
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@LouisIngenthron Its a short sighted view of money.. most people who inherit wealtyh d0ont go and stick it in a large vault.. the vast majority is invested, meaning it is working to create more wealth. So there is no reason to see it as a bad thing in and of itself.
(DIR) Post #AY8W2DBzVYZxchbts8 by LouisIngenthron@qoto.org
2023-07-28T00:30:49Z
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@freemo Investment, in its most basic form (i.e. finding a prospective business that seems like it could be profitable and investing to buy a stake and help it thrive) does work to create actual value in the economy (i.e. more diverse businesses, more innovation).However, investment abstracted to the point of the modern stock market is just horse betting for the rich. The "value" created is ephemeral, based more on confidence than actual products or services created for consumers. It incentivizes companies to seek short term profits to please investors, to the detriment of everything else. It encourages a race-to-the-bottom in our overall economic model, and incentivizes companies to buy out and squash their competition instead of beating them in the field. Besides these many systemic problems, the stock market also creates an avenue for even more money to flow upward, from those who actually perform the labor, to those who sit on their asses and contribute nothing to society but that which their parents earned for them a generation ago.
(DIR) Post #AY8WG0GqLbUDbLSLdg by IAmErik@qoto.org
2023-07-28T00:33:20Z
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@freemoThe money supply and one person’s share of it determine economic power. What I’m trying to say is: There isn’t much outrage over people with millionaire-level wealth, so the image on your post is a straw-man. The relative size of individuals’ assets does have an impact on their well-being.
(DIR) Post #AY8WLdsqUkFpuGv7pI by freemo@qoto.org
2023-07-28T00:34:18Z
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@LouisIngenthron > However, investment abstracted to the point of the modern stock market is just horse betting for the rich. That is just completely ignorant of how it works (but common).. I just finished 2 years running a company going public and know the process intimately both before and after being public (going on the stock market)... It is literally the same as when you invest privately except it is regulated so you have some guarantees you arent being lied to.It has all the same properties... * By investing you get physical ownership of a precentage*You get to vote in general assemblies for any company you own shares in.* You have all the same power over the day to day operations and the board as you would in a private company* The comp can buy back public shares or issues new ones, meaning it acts as an investment in the growth of existing companies.
(DIR) Post #AY8WTT6QSiIOmq0JpQ by IAmErik@qoto.org
2023-07-28T00:35:46Z
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@freemoHah, just realized I misquoted the image in your OP. Sorry. Someone else in this thread said, “millionaires”.
(DIR) Post #AY8WVZw024nGYR8LGS by freemo@qoto.org
2023-07-28T00:36:07Z
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@IAmErikAhhh well then I see where your understanding fails here: The money supply and one person’s share of it determine economic power.Nope Wealth is not Money Supply. I can have 0 dollars and a huge pile of gold or other valuable goods and I’d still have a lot of wealth.You cant begin to really approach what is being said here until you first understand what wealth is, and it is NOT the money supply.
(DIR) Post #AY8XbesOfgxLZauZAe by Gbudd@qoto.org
2023-07-28T00:48:26Z
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@freemo @mkI mostly agree with your original point that on the macro level that wealth isn’t a zero sum game (though it can certainly be a lot closer to one within a company).Saying that the existence of rich people isn’t a red flag is a different and interesting argument, but I don’t want to hijack your thread
(DIR) Post #AY8XtfvtTySI3u8dCS by mk@mastodon.satoshishop.de
2023-07-28T00:51:41Z
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@freemo "world had only two people[..]possible[..]that both values can increase[..]everyone can get more wealth without anyone loosing wealth."yes, but we're not living in caves anymore. we're living in a hyper competitive world.every cm² an this planet belongs to somebody..the top 1% own most of the wealth..there's no such thing anymore as free land / free resources..if person A earns 1 dollar, you're taking it away from person B. ones value increases and the others decreases..
(DIR) Post #AY8Xujft3WrpxN9mPg by freemo@qoto.org
2023-07-28T00:51:51Z
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@GbuddHonestly even within a company it isnt a 0-sum game, it just might be hard to see. I think it is most obvious (though not limited to) companies that sell a product, particularly when manufactured from raw products.If I am a lumber company then cut and cured lumber has more value than a tree the dead trees I buy.. so generation of new wealth is clear and easy to quantify,@mk
(DIR) Post #AY8Xx3cfrNrMP6lFOi by mk@mastodon.satoshishop.de
2023-07-28T00:52:17Z
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@freemo here's andrew #tate talking about it this subject.00:00:12 "you cannot make money. you're not the Federal Reserve[..]all of us take money from somebody else[..]next time you buy a coffee. don't just buy the coffee[..]why am I buying this coffee?[..]why am I buying here?[..]is there any competition around?"https://youtu.be/p5_YerY48Sc?t=12
(DIR) Post #AY8Y3t0NjbA9V86eZs by freemo@qoto.org
2023-07-28T00:53:31Z
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@mk Nop im sorry that is not how wealth works.. you are thinking int erms of "1 dollar".. dollars are paper, they are money, they arent wealth. If you want to understand these base ideas so you can understand the bigger one, you first need a better understanding of what wealth is. You can probably understand that best when you think in terms of one or two people, but you are right in larger populations it gets more complex, but the same principles still hold.
(DIR) Post #AY8Y7aa6AynhWDZuXg by LouisIngenthron@qoto.org
2023-07-28T00:54:11Z
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@freemo The difference is that a private company (generally) gets to choose who invests. They can choose to only work with people who have the long-term good of the company in mind.In a publicly-traded company, there is no such control. Anyone with the cash can invest. And stock market investors tend to have zero interest in the long-term good of the company; all they care about is getting a return on their investment as quickly as possible (see, for example, the very existence of arbitrage trading). After all, they can sell their stake any time almost effortlessly, so that, along with the massive dilution, doesn't create a sense of genuine ownership.
(DIR) Post #AY8Y7u0Jxi47l2zcYK by freemo@qoto.org
2023-07-28T00:54:15Z
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@mk Again posting this just shows you need tor ead up ont he base concepts first... see how your quote doesnt have the word "wealth" anywhere in it... that should be a clue to you. Wealth is NOT money.
(DIR) Post #AY8YLa8Sd8RYBrK5yK by freemo@qoto.org
2023-07-28T00:56:42Z
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@LouisIngenthron > The difference is that a private company (generally) gets to choose who invests. They can choose to only work with people who have the long-term good of the company in mind.No not really, if I invest in your company privately, much like the stock market, I can share my ownership to someone else regardless of what the company wants (usually).> In a publicly-traded company, there is no such control. Anyone with the cash can invest.No a public company can, to some degree (they are more limited though). If a public company makes more shares they can choose to offer it to the investor they want at a discount from public. So they still get some level of control.
(DIR) Post #AY8YeVApIoJOIsS30q by mk@mastodon.satoshishop.de
2023-07-28T01:00:09Z
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@freemo "Wealth is NOT money."we are not living in your lalal land. everything in reality is priced in some kind of currency.if the court comes to you and wants to know what you're worth, they will not accept your perceived wealth...you will just go straight to jail.
(DIR) Post #AY8Yp54ofdHuYCgVii by freemo@qoto.org
2023-07-28T01:02:02Z
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@mk Jesus christ, I never said that things dont have a price... money and wealth are different things. Wealth is also not the sum of all the prices of everything you own either...But you seem more intent on arguing about something you dont understand than trying to learn and having a productive conversation...
(DIR) Post #AY8YxzpLYcUqsMhSsq by realcaseyrollins@social.teci.world
2023-07-28T01:03:42.065490Z
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@freemo Brokebois just mad tbh
(DIR) Post #AY8Yy2gEwvzjizSjbc by LouisIngenthron@qoto.org
2023-07-28T01:03:41Z
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@freemo > I can share my ownership to someone else regardless of what the company wantsAs I understand it, many private companies require board approval for major share sales for exactly this reason.> they can choose to offer it to the investor they want at a discount from publicAnd they almost inevitably choose to use this power to offer it to fellow rich people or past investors, rather than use it to impose any kind of litmus test for positive intentions. Thus helping to rigidify the existing wealth structure.
(DIR) Post #AY8YzJfbGfQIhslq4m by mk@mastodon.satoshishop.de
2023-07-28T01:03:54Z
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@freemo "Wealth is NOT money."we are not living in your lalal land. everything in our current world is priced in some kind of currency.if the court comes to you and wants to know what your wealth is, they are expecting you to come up with a number..they will not accept your perceived wealth...you will just go straight to jail.
(DIR) Post #AY8Z9U9r81xa89lthY by icedquinn@blob.cat
2023-07-28T01:05:46.745958Z
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@mk @freemo i suspect he's being poetic. one of my favorite definitions is that its the amount of days you can live your current lifestyle without performing any additional hustling.
(DIR) Post #AY8ZDs8Vv4VJelEfNA by mk@mastodon.satoshishop.de
2023-07-28T01:06:32Z
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@freemo yeah..we're totally not talking about money in this threat...how fucking retarded are you?
(DIR) Post #AY8ZNyhENuEUtiIEOe by freemo@qoto.org
2023-07-28T01:08:21Z
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@mk Money is part of the conversation, but money is not wealth.. first you need to understand how wealth is generated and what it even means. Then we can tie it back into money.
(DIR) Post #AY8ZTjogcVJsUDWj56 by mk@mastodon.satoshishop.de
2023-07-28T01:09:23Z
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@freemo "how wealth is generated"thats easy..you sell a product or service to another person and take THEIR money away from them in the process.
(DIR) Post #AY8Za7Le2jNxCoz7nE by mk@mastodon.satoshishop.de
2023-07-28T01:10:33Z
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@freemo you're the one making everything unnecessarily complicated
(DIR) Post #AY8aVRXvcSw4M647MG by freemo@qoto.org
2023-07-28T01:20:55Z
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@mk Sadly the world is sometimes complicated. the level of complication is needed (and would become evident if this were a productive conversation)
(DIR) Post #AY8aW7dj7IWsuF6LE8 by Gbudd@qoto.org
2023-07-28T01:21:04Z
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@freemo @mkIt’s might not strictly be a zero sum within a company (presumably it’s value goes up and down) and sure, a company can increase its value and we would typically expect that gain (or loss) to be sent to the owners of that company.On the employee level it feels like it’s closer to zero sum though, and maybe that’s just a perception thing. While relative CEO pay has gone up over the years I guess you can’t necessarily disentangle whether that increase comes out of the pool of wages available to all employees or whether it’s coming out of the pool of money that could be going back to investors. I guess I should go see if economists have any papers on that
(DIR) Post #AY8afSOVJzNtshQrNw by mk@mastodon.satoshishop.de
2023-07-28T01:22:45Z
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@freemo "Sadly the world is sometimes complicated."then make is less complicated.whats your definition of wealth?
(DIR) Post #AY8arm9LhFDWcwDXpg by mk@mastodon.satoshishop.de
2023-07-28T01:24:58Z
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@Gbudd @freemo "I should go see if economists have any papers on that"at first we should start at the beginning and find out what the definition of a women...*ähm.. wealth is..https://mastodon.satoshishop.de/@mk/110789090699376237
(DIR) Post #AY8bRREmvQJ0C4lbm4 by ghast@liberdon.com
2023-07-28T01:31:26Z
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@freemo I'd prefer us living in caves. I could crush at least three a night on average.
(DIR) Post #AY8bkpEJwi8g6hnCvQ by freemo@qoto.org
2023-07-28T01:34:53Z
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@mk Well its complicated. The question is how deep do we need to go in order to understand the original question.So in its simple terms people think of it as the total sell value of everything you have. But in reality thats not the case for several reasons.1) The money you can get for an object can be drastically different depending on how quickly you want to sell2) As you sell goods you effect the market balance and as such effect the money value of the very thing you are trying to measure.3) even if you do find a way to define the money value of an object it really only has relevance for a particular moment in time and place.. Any other currency, or time and youll get very different numbers. In other words, the value is fixed to utility, as is the market.For example to #1, if I have an antique gold ring I get very different amount of money if i sell instantly (pawn shop or melt value) vs if im willing to auction it. If I am willing to wait months for the right buyer, in the case of a specialty item, it may take some time. This can more than double the sell price of an item.So if we cant use the simple definition then how do we define wealth... Well the best way to think of it is the worth of everything you have in a much more abstract case.As I said earlier its best to think of this in terms of a world of one or two people.. If I am the only person in the world and I own 2 cows that feeds me, I have wealth (the worth of 2 cows in terms of their utility)... If I breed those 2 cows and have 4 cows, I now have twice the wealth I did before, even if I am the only person on the planet and money never existed.Now if all of a sudden some other person existed on the planet with me and offered me 100$ a cow, if i have 2 cows still and he offers me double at 200$ a cow, even though the money value is twice, it doesnt imply I have created any wealth, since i have all the same "stuff" I had before, and presumably the worth of the cows hasnt changed (if it did I might have more wealth).To e
(DIR) Post #AY8dFtmXAjwJ9iB0KW by mk@mastodon.satoshishop.de
2023-07-28T01:51:43Z
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@freemo the problem is that you don't seem to understand what money is.money isn't just cash or coins or entries in a database.it can be eggs, apples, camels, slaves or even stones..https://mastodon.satoshishop.de/searchyou're not living alone on some planet. you're living in planet earth. and here we use money to facilitate trade. your wealth of two cows can also be money..@icedquinn
(DIR) Post #AY8dSLxYEZSe1RGhgO by freemo@qoto.org
2023-07-28T01:53:57Z
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@mk No, well sorta. A society can pick anything as money. It can be pieces of paper, or it can be camels.. sure.. But those things arent money just because someone somewhere used them for trade.Two cows **could** be money, if society were to make it money.. but it doesnt just become money because we happened to trade them once.@icedquinn
(DIR) Post #AY8daKAklJY0nRFDqS by mk@mastodon.satoshishop.de
2023-07-28T01:55:25Z
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@freemo "#Cows as #Currency""One unit of value was cattle,which were used as currency up to around 1400 CE, long after the introduction of coinage. This could be “exchanged” to a value in sét, “jewels”, ungae, “ounce” (usually of silver), or cumal, “female slave”."https://storyarchaeology.com/cows-as-currency/@icedquinn
(DIR) Post #AY8dfTxLoUxuaXR2Nk by freemo@qoto.org
2023-07-28T01:56:20Z
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@mk Yes your quote agrees just fine with my first response to you about cows as money:https://qoto.org/@freemo/110789213414775541@icedquinn
(DIR) Post #AY8eOJnuPFEw8IOkcq by mk@mastodon.satoshishop.de
2023-07-28T02:04:27Z
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@freemo your definition of wealth is retarded, because nobody understands it.https://qoto.org/@freemo/110789138379730295here's mine1. wealth is the shit you own.2. money is the thing you use to facilitate trade.everybody on planet earth understands this..because its easy and doesn't need to be complicated.@icedquinn
(DIR) Post #AY8eUAFOqmKAEO2ojY by freemo@qoto.org
2023-07-28T02:05:30Z
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@mk The accepted definition of wealth may very well be too complicated for you and others to understand. I'd like to think you can, but perhaps your right. But an idea being too complicated for you to understand doesnt suddenly make you right to make up a fictional definition all your own just so you can understand it.@icedquinn
(DIR) Post #AY8ec5VKMvoBpyGyEC by mk@mastodon.satoshishop.de
2023-07-28T02:06:57Z
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@freemo "too complicated for you"no. you're just living in your own world making up shit.@icedquinn
(DIR) Post #AY8egb3L0vn4qFKZTU by freemo@qoto.org
2023-07-28T02:07:45Z
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@mk I guess thats one way to cope with your ignorance.. have fun with that.@icedquinn
(DIR) Post #AY8fHdOfGJ5opGy1Ts by mk@mastodon.satoshishop.de
2023-07-28T02:14:27Z
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@freemo "make up a fictional definition all your own just so you can understand it."where do word come from? maaayybeee people making up shit and other people adopting them? ..maybe based on common sense and comprehensibility?---wealth | cambridge dictionary: a large amount of money or valuable possessionswealth | american dictionary: a large amount of money and other valuable possessionshttps://dictionary.cambridge.org/dictionary/english/wealth---take the L, bro@icedquinn
(DIR) Post #AY8fPLk8mWI6OIgvJo by freemo@qoto.org
2023-07-28T02:15:50Z
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@mk Oh im sorry, you were right about everything, now that I realize you were using your own made up words with entirely different definitions than what is accepted I realize now I was the fool and should have realized you were really just speaking english from 100 years int he future that you just invented this very moment... God i should have learned to listen to you sir, I feel so stupid.@icedquinn
(DIR) Post #AY8fWAuNSooooXjZVA by mk@mastodon.satoshishop.de
2023-07-28T02:17:05Z
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@freemo @icedquinn "you were using your own made up words"you're the one using your own private language..i agree with cambridge on the american dictionary.
(DIR) Post #AY8faPSTJFlb69hV1E by icedquinn@blob.cat
2023-07-28T02:17:51.901877Z
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@mk @freemo :neofox_cofe:
(DIR) Post #AY8fcJtUy3V0Q9FkWm by freemo@qoto.org
2023-07-28T02:18:10Z
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@mk Cambridge dictionary is fine, it works in a laypersons discussion... But like much scientific language it is simplified for lay people and technical definitions usually need to be understood if you want to have a more technical discussion.@icedquinn
(DIR) Post #AY8g08ZiheHmGWMJG4 by APPTeOORuzvlGOetVY.verita84@poster.place
2023-07-28T02:22:29.493936Z
1 likes, 0 repeats
@freemo @mk @icedquinn Did you just call MK a nigger? WTF?
(DIR) Post #AY8g1jSj2iVyxUqcbI by mk@mastodon.satoshishop.de
2023-07-28T02:22:46Z
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@icedquinn @freemo *afk coffee* ;-)
(DIR) Post #AY8gRnNz4svAel3eZE by mk@mastodon.satoshishop.de
2023-07-28T02:27:29Z
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@freemo what is this nigger @verita84 doing here? did you invite this faggot ?@icedquinn
(DIR) Post #AY8gSjjG9wOzbXSSmX by Big_Richard@shitposter.club
2023-07-28T02:27:42.453886Z
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@freemo Whoa holy shit guy are you opening up a wormhole from 2015? Quick, you need to warn Stefan Molyneux that he needs to back up all his youtube videos before his channel gets suddenly taken down!I'd tell him myself, but I'm from many years in the future where absolutely nobody makes gay libertarian arguments like this and it's too late to tell the goose egg what's coming.
(DIR) Post #AY8hJbxpsicLJmQFyi by freemo@qoto.org
2023-07-28T02:37:12Z
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@mk Ha, not me :)@verita84 @icedquinn
(DIR) Post #AY8hVLyNA9bzCGGxt2 by mk@mastodon.satoshishop.de
2023-07-28T02:39:20Z
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@freemo @icedquinn fuck the link was fucked up. i wanted to link to this:https://mastodon.satoshishop.de/@mk/109899584948665838
(DIR) Post #AY8hWFAJxQqiNFHme8 by APPTeOORuzvlGOetVY.verita84@poster.place
2023-07-28T02:39:32.653283Z
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@mk @freemo @icedquinn
(DIR) Post #AY8pYewRB5inXIj0Xg by ambihelical@qoto.org
2023-07-28T04:09:36Z
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@freemo This was a very interesting thread, thank you very much for stirring the pot. I tend to think the same as you on this topic so I may be biased, although pretty sure not as wealthy.
(DIR) Post #AY9m4seFXyWieeHp56 by Romaq@qoto.org
2023-07-28T15:05:18Z
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@freemo Indeed.@ech @mk
(DIR) Post #AYHLGdSqgPAXXX0vOS by moffintosh@berserker.town
2023-08-01T06:42:36Z
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@freemo No? It is? Money has value because it is scarce, even more so after abandoning the gold standard
(DIR) Post #AYHLZnDKeqe7HQtJ8y by moffintosh@berserker.town
2023-08-01T06:46:03Z
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@mk @freemo you CAN NOT have working freemarket capitalism if you don't fix the monetary system first.switching back to gold backed paper (like the BRICS does)It doesn't matter, inflation was still a problem with the gold standard, and capital still attracts capital whenever the goverment prints money or not
(DIR) Post #AYHM72fyBxACn58mQ4 by mk@mastodon.satoshishop.de
2023-08-01T06:52:02Z
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@moffintosh @freemo "It doesn't matter, inflation was still a problem with the gold standard"yes..when you're a lying faggot country like the usa that has the monopoly on printing the globale reserve currency. ---1971Richard #Nixonhttps://mastodon.satoshishop.de/@mk/110070357003195891---but what happens when multiple countries print the same gold backed currency?when one of them fucks up and prints too much. they will get in trouble with the other ones.