A tangible, physical currency... inherently limited

[BigHurb]

Digital accounting? Manipulated




solution: grow ur own weed.

[JayN]

Digital accounting? Manipulated




solution: grow ur own weed.

thats what I did, im now a barter master of the custodial arts

[BigHurb]

well ya know its like my mom always says, if stupid trash can believe in an invisible ghost so that their pussy's don't hurt at night, then a lunch lady can tell some dumb, retarded cunt's child that she can't fucking pray.

[BigHurb]

(now THATS how you off topic)

[stormlord]

Interesting. This coincides with me recently reading an article about currency in National Geographic January 1993 issue. Did you know North American Indians used a shell named Dentalia as their popular currency (medium of exchange) until 1900 or so? They still value it even today because of its decorative/cultural value. Back when it was used as currency, it was limited by the difficulty in harvesting it from the sea bed.

Back then, only about 8% of the US money supply was constituted by bills and coins - the rest being in banks accounts and maybe some other things. Virtual money! Up to 92% cashless. In fact, some of the money is off limits. If everybody were to withdraw all their money it would collapse the banking system.

There're things I wonder about. I wonder about how do you take into account increasing population? Obviously, with more people, you're going to need more coins and bills. Moreover, if cash somehow loses its value then you may need more of it too. So essentially currency must be created to accommodate its continued use in a changing world. You need to have a currency that can be created with minimal troubles and is convenient to use. For example, if it requires $1000 of labor and manufacturing to make a single penny then it's not cost effective for its intended value, unless you want a single penny to be worth on the order of $1000 or more. To create new currency you ideally need to keep the production costs below the intended value of the currency. Lastly, you need to create money that cannot be easily counterfeited or otherwise sabotaged. So not only is the currency based on shared trust, it's based on constant policing and security measures.

My feeling is we're only a few steps away from a cash-less society. We have to figure out ways of securing the digital medium to ensure digital cash can remain safe and hence trustworthy as a medium of exchange. As well, we need to wait for the rest of the world to embrace the necessary digital transformations.

So, broadly, we're not talking about gaining trust via using a currency with inherent value, like gold or even Dentalia shells, but by way of our ability to ensure its continued protection against counterfeiters.

I'm definitely not a financial guy. My area is more computer-oriented. Still, I find the topic really interesting. I don't thinking weed is a good currency unless you mean illegal currency.

Smart people game the system and make money. Some of them cheat, and they get burned.

[Swish]

I hope you're taking notes Lron.

[BigHurb]

i like to think of upper bounds as a starting point.

usually such things end up being limited by the speed of light if your calculations go far enough.

ps: we're a simulation but its ok

[Goofier]

Nah, we need to move to a calorie standard.

[BigHurb]

Im totally for setting a base level resource consumption metric based on caloric expenditure... i have so many calories sitting around the house I could share and not miss... im "rich" in that regard!

people need X amount of Water and ATP to power our bodies. Calculate that, use consumption rate and resource extraction rate... simulate catastrophic events...

actually fuck all this Im smart why should i help dumb people? lol im gonna take their money!!!

[Weekapaug]

well ya know its like my mom always says, if stupid trash can believe in an invisible ghost so that their pussy's don't hurt at night, then a lunch lady can tell some dumb, retarded cunt's child that she can't fucking pray.

So what you're saying is that your mom is retarded but is convinced she isn't? Your mom uses the word "pussy" in front of her son? Quality.

Pseudointellectual arrogance as a thinly veiled cover for bigotry never ceases to entertain.

[BigHurb]

what you say may be true but i will kill u to prevent u from saying it

[Ahldagor]

you people and your asymptotes.

http://upload.wikimedia.org/wikipedia/commons/thumb/e/ea/Asymptote02_vectorial.svg/720px-Asymptote02_vectorial.svg.png

[mtb tripper]

I think lard would be a decent currency, like in buckets.

[BigHurb]

true, fat is very valuable in our diet.. you cant live on lean protein very well

[Azure]

Problem is we live in a complex simulation and ATP and caloric expenditure are just the tip of an iceberg. Their not even real. Just simplified models. That predict certain specific outcomes. They don't even involve the complex interactions of DNA replication. They neglect the flora and fauna of the human bodies ecosystem which is full of billions of strains of bacteria and virus's all interacting. As well as prions, enzymes, and amino acids and other substances. The human body doesn't exist of neatly contained and understood cells. It's full of all kinds of living organisms and unliving chemicals that are vital to it's optimal functioning. It is also tied deeply to it's environment. Peoples body PH reflects their diet and illness or wellness. Yet more is reflected on environmental factors even.

I suggest a more hollistic and experimental approach supported by current scientific understanding and methodology.

The rabbit hole goes deeper... there is plenty of ancient mythical knowledge that covers this. Science is just barely beginning to grasp the depth and breadth of "human".

Currency. Blood. Money. It's just one tiny aspect of something much more vast and deep. Topic is about currency. I believe it is abstracted and controlled on purpose. Annuit Coeptis.

Annuit cœptis (/ˈænjuːɪt ˈsɛptɨs/; in classical Latin: [ˈannwɪt ˈkojptɪs]) is one of two mottos on the reverse side of the Great Seal of the United States. (The second motto is Novus ordo seclorum; another motto appears on the obverse side of the Great Seal: E pluribus unum).[1] Taken from the Latin words annuo (third-person singular present or perfect annuit), "to nod" or "to approve", and coeptum (plural coepta), "commencement, undertaking", it is literally translated, "S/he approves of the undertakings" or "S/he has approved of the undertakings" (annuit could be in either the present or perfect tense).[2]

Nuit or (Nu) is a godess from ancient egypt. Ann is also unique. It is no coincidense our mother goddess worshiping sumerian occult understanding forefothers plastard our currency with all this...

Anne, alternatively spelled Ann is a form of the Latin female given name Anna. This in turn is a representation of the Hebrew Hannah or Hanani, meaning 'He has favoured me', the name of the mother of the prophet Samuel. Anne is a common name in France.

Dig further and further in all the linguistic variations of our species and mythologies and the rabbit hole is endless.

Needless to say. There's a level of understanding even beyond my simple understanding of how deep this thing goes.

It's not that people are necessarily controlled this way. It is that the people exercising their will on the greater whole have a language, subtlety and understanding much greater than the mere man of this world.

[a_gnoll_pup]

Bitcoin is still RMT