@white_male @Tfmonkey @VeganMGTOW @BowsacNoodle
Useful & Rare = More Valuable
Rare & not useful = Not Valuable
Common & not useful = Not Valuable
Blockchain money, paper money & electronic money are not valuable
The only value in paper & electronic money is paying taxes as a token to avoid going to jail
Without taxes paper & electronic money has no use and therefore nno valuee
Valuable for their usefulness.
>The only value in paper & electronic money is paying taxes
That's just retarded. Fiat usefullness is in abstracting cost from barter. How the fuck are you going to implement factories that need thousands of different material inputs?
>Without taxes paper & electronic money has no use
Abstracted value transfer. Also enables accumulation of wealth for large projects.
@white_male @Tfmonkey @VeganMGTOW @BowsacNoodle
You pay factory workers in Asia manufacturing electronic goids in bags of rice
They can trade rice for electronic goods they want to purchase or they can eat it
@white_male @Tfmonkey @VeganMGTOW @BowsacNoodle
I do not have a problem with gold because you can make tools to use out of gold
If you take a gold coin and change the words and numbers printed on it but it has the same mass it is worth the same amount
If you change the words and numbers printed on paper money but it has the same mass then it's value changes
Does the ink or the paper make it valuable. Is it worth more if more ink is printed on the same paper to make the number bigger?
@BowsacNoodle @Tfmonkey @VeganMGTOW @white_male
The value enforced by the State comes from taxes
Because taxes can only be paid exclusively in money
People need money to pay taxes in order for violence not to be done with them
Hence the value of money comes from the ability to trade it with the givernment in order to not go to jail
Yes. I have been saying that since I joined this conversation, however that's only a supplemental to the convenience it creates. I have nothing against bag-o-grainism, conceptually, but I am not blind to its faults.
