RE: What if you had the power to reinvent money
October 8, 2017 at 8:27 am
(This post was last modified: October 8, 2017 at 8:32 am by The Grand Nudger.)
(October 7, 2017 at 11:14 pm)pool the matey Wrote: I was expecting some answer like "I will reassign the value of money to kindness so kind people will be rich and since they're kind they'll redistribute their wealth and take care of the more poor folks" but you guys are talking about bitcoin xD
That's not how money works, is the problem. We don't really assign money it's value. It stands in as a portable (and non perishable) unit of barter for other things which have value. How many hugs would you accept as compensation for one years worth of productivity in a potato field? Will having a pile of hugs solve the problem of poverty? Is that why people are poor....a hug deficit? If wealth were kindness, and the wealthy had piles of hugs to redistribute to the hug-poor, no amount of re-distributing them would make the poor meaningfully, rather than metaphorically, more wealthy.
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