What should be the new monetary system? What do you think?

originally posted by: starfoxxx
Bitcoin or some other established anonymous crypto currency. DE-CENTRALIZED is the key here, AND not one government can claim it as theirs, it's simply everyone's..

Bitcoin is just as vulnerable as any national currency. Let me explain how.

Lets say there's 10,000 Bitcoins in the world. The United States needs a new currency and happens to be in possession of 2,000 Bitcoins. Rather than make Bitcoins the currency they make a new Greenback which exchanges for Bitcoins. Just like how gold backed currency works. The thing is however, no currency ever since we moved away from weighted coins (and those would get shaved) has actually been created in an amount equal to the backing, it's always created at a higher rate. If you have 2,000 Bitcoins in backing and that's worth $200,000 then you can create an amount of currency equal to whatever leverage rate you want. Traditionally 10:1 gets used but as we found out with the financial crisis the new normal for banks is closer to 35:1 (and likely higher now). This means that $200,000 in backing creates $2,000,000 in currency (or perhaps $6,500,000). Now only 1/10 of that can ever be exchanged for Bitcoins. The other 90% (or 97% at bankers rates) can only be traded on ledgers. It can never actually be exchanged.

If you want to stay totally decentralized all you need is the major banks to create their own currency backed by Bitcoin, which they leverage and trade among themselves.

Basically your premise that Bitcoin inherently creates a stable currency is flawed.

a reply to: Unrealised

So basically Communism? With the additional upside that no one performs their jobs often enough to get good at them?

Guys, I already told you. Money is illusion. So we do not need it. If it comes from the heart; you just give the thing away. And if the other thinks that its right, he will give something else as well.

Problem solved.

a reply to: r4inmaker

Somewhat. There is a reason why the trade and barter system still works. It will work regardless if we have a fiat currency or some other way of counting our tokens.

Trade and barter all the way!

a reply to: r4inmaker

Money my be an illusion to you my friend but see if you feel the same way when you are trying to raise two children in this minimum wage society we currently enjoy.

Money is not an illusion, its the biggest control construct "They" have in there tool box right next to democracy and organised religion.

a reply to: andy06shake

So; we do not need it. Nobody needs to work his thing off to take care of their babies. They need to be with them all time no matter what. Mom or day, at least one should be with them. The other one is working, to help the humanity and his baby also. Thats it. He is not working only for his baby! Remember, he is working for "humanity" ! So, don't be selfish. Money is not needed. Only HELP is needed.

Tangable things are illusion. If money is tangable, its an illusion. Only WE are not Illusion.

Thank you.

A fixed amount of money that cannot become more or less, new money is made only to replace what has been lost somehow. All non-physical credit and debt must be backed up by physical coin or whatever is used, it's controlled by the government and all notes show colorful pictures of cool science fiction characters or funny internet memes.

We need multiple, competing, decentralized cryptocurrencies. They dont have to be backed by anything, just accepted as legal tender and COMPLETELY TRANSPARENT.

originally posted by: r4inmaker
I believe we should exhcange like the old times. If you are in need of a pack of cigs and you are dying for it; it means its pretty important to you. If that smoker thinking that his guitar cable is very very important to him; BUT; It can be discarded and he can make a new one, they should exchange.

Thats my thought. It can change with your thoughts.

Aristotle advocated for equality in trade; cigs cost a buck in turkey, a buck in iran, a buck in canada.

Then some sociopathic fruit-loops who 'believe' they are more entitled; added another buck to the cost of the same pack of cigs, to sell the story of their inheritance, all must pay more to do business with us 'higher beings'.

As long as we do business with this 'people' who were cast out of the land by god, equality will never flourish.

Any form of money is an illegal pyramid system and I denounce and renounce and only participate in this world, as a hostile witness denouncing the court for crimes against humanity, but here for people to wake up, be kind and loving and share everything and make those with the least as happy as possible, arranging adventures and fun for them, spreading joy, and don't ever fight anyone, don't have any enemy, even send compassion to the top who are insane and need some help.

There is nothing else that matters.

I won't support replacing this crapola for another one. I would renounce and denounce any of them.

Only a system of complete equality, infinite abundance, no slavery and forcing, land and beauty and food for all, fantastic high educations and wonderful learning and creative opportunities to contribute full or part time, with access to high tech high bounty of all things, Venus Project but run by women. I don't like their high tech weird looking stuff. So a lot more needs to be designed by moms and grandma's who support beauty for all, and eco farms, gardens, beauty, lots of space, thick walls and space for noisy kids to not disturb the neighbors, beamships in our back yard. WE ALREADY HAVE THAT TECH.

No patents, no scarsity, abundance and freedom and equality and beauty and joy.

You remove the need for human labor to support the system by using socialism as a tool to scientifically develop solutions to labor required aspects of the grid. Luxuries and benefits beyond the basic life necessities and beyond the freedom to come and go as you please will be afforded via a system of "extra" where art/services/products can be purchased with money earned by each individual on a flat weekly basis..

Going broke wouldn't be a death sentence. Working in space/exploration/medical sector will provide extra purchasing points. Population limit would be necessary and taboo the details of which can be negotiated. Non-compliance would result in the stripping of weekly "benefit" points and NOT the stripping of life/freedom.

Perfect? No.

Better than capitalism? Absolutely.