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RE: Dystopian War On Cash: Half of Britain's Bank Branches Will Be 'Closed Within Five Years'
Let's see now. Less than 6 years until the robots take over and destroy humanity. That's if greedy people don't use money to destroy humanity. Now britain will close half its banks to destroy humanity? I sense a pattern here...lol.
Earhcustodian's solution: get rid of money and destroy humanity.
Sounds legit.
How can we avoid this trap of a cashless society? Hmm, if there was only a non-governmental money that can't be controlled by government or banks. Hmm, this is a tough one...
Ever hear of bitcoin? :-D
... even when a libertarian/anarcho-capitalist site like mises.org warned against the digital cashless society, you continue to look the other way. The evidence that your economic knowledge is minimalistic. Or are you a troll?
... money will forever concentrate power and wealth in the hand of a very few. Only a small % of investors who bought bitcoin when it was worth peanuts benefit, because what caused the far reaching mania are people who used their 401K, savings and borrowed to be part of the so-called boom.
Most bitcoin shares are ALREADY in the hands of people who do NOT need to get more wealthy and now THEY CAN CONTROL the outcome as they control the VOLUME.
Not to mention that FRAUD Is already rampant... MONEY does not make people honest, far to the contrary. MONETARISM will always prompt people to look for quick schemes and the foundations of society are thus FRAUDULENT.
Released this week, research compiled by the Blockchain Transparency Institute (BTI) gives clearer insight into how massively overstated the daily volume numbers actually are. Tallying up the volume numbers of the top 130 exchanges, the report found that over $6 billion in daily trade volume is being faked, comprising over two-thirds of the total 24-hour trade volume. https://bitcoinist.com/6-billion-volume-faked-coinmarketcap/
MONETARISM CANNOT PREVENT COLLUSION: Individualism AND the collective SHARING for a greater good will always be CRUSHED .
Yes Mises warns against a cashless society. You know, the cashless society that you are promoting. lolz Mises understood that no money would destroy civilization and that communists are actively promoting no money society. So yes, Mises hates you.
You are literally quoting Mises who says having a no money economy is very immoral and very bad, and has written books about it. And somehow you claim that he would be interested in your opinion. The stupid is very strong in you.
An important point about bitcoin that you don't understand is that bitcoin is cash. You can give it directly to anyone, just like pieces of government paper. But there is no bank involved, no government involved. Pretty fascinating stuff!
It is very simple to see how much bitcoin is transacted every day. Every transaction is recorded on the blockchain. All you have to do is add them up. There are many websites that do exactly that, like this one for example:
https://www.blockchain.com/charts
It breaks down transaction by dollar amount, bitcoin amount, total transactions, and a variety of other metrics. You see, blockchains are completely transparent. Exchanges, on the other hand, are not and should be trusted about as much as one trusts a bank. I personally only keep the bitcoin I buy in an exchange for the few minutes it takes to buy and then move to my personal wallet.
lol, what??? If you don't do something for yourself, or you don't do something for somebody else, what else is there? Where is Bessie the lolz cow?
PS" hiding behind a mindless avatar will not give you any credentials
There is a difference between cashless and money free... cashless exists in the form of numbers in a computer and obviously the FRAUD is already rampant among digital currencues... money-free is only producing what is needed because profits do not exist
you are blinded by the money making mentality. you keep talking of how fantastic bitcoin cash is while turning a blind eye to the massive fraud happening in the blockchain. (bitcoinist.com link above) how rational are you?
von mises would have found me highly interesting, especially since most libertarian economists advocated for a basic income, because they knew that the battle for sound money was lost forever. von mises and I agree on the subjectivity of value to start with, so I am sure we'd have had a compelling discussion. You cannot even wrap your mind around such a concept.
just like piece of government paper....Any theory that does not take into account the subjectivity of value is TRAP....
Von Mises would have ripped you to shreds. You don't have a coherent plan, you think that for some reason getting rid of money will somehow improve something. Laughable.
Of course value is subjective, how could it not be? Who are you arguing with about the subjectivity of value? Yourself? lolz.
There is no fraud on the bitcoin blockchain. Either you hold the keys to some bitcoin, or you don't. Either a transaction is valid on the blockchain, or it isn't. The blockchain is available for everyone to verify. Don't trust, verify.
The problem you are talking about is how the individual exchanges count their own in house, off chain transactions. Regardless of how the exchanges count their own off chain transactions, bitcoin goes chugging along.
The theory that launched bitcoin does take the subjectivity of value into account. All the earliest programmers and devs were big fans of Mises. They built it purposely with that in mind.
no fraud in bitcoin blockchain??? . that must explain why the boom/bust was a cake walk then... LOL. It is fraud manipulating the subjectivity of value AGAIN.
You do not get the subjectivity of value and it is your achile heel, which ridicules anything you say from A TO Z. You cannot make sense of the von mises quote which says that value is NOT in money.
My readers get it though, and yes NO BOTS
you do not even have A REAL pic of yourself, you are HIDING and TROLLING... even if you put a picture now, I will believe it is not you. You are hiding and then post stupid cow pictures... enlightening
wait , corruption being rampant will just help governments create their own crypto market... we live in a digital prison now ... not to mention devastating power outages that will happen. No if but when.
GREED will destroy humanity... Trying to take more out than what one puts in (millennia old institutionalized debtism)... this is mathematically unsustainable. Hence our $300 trillion global debt bubble waiting to burst.
there are more people out there seeing the LIGHT
You seem to be prospering in your digital prison with your army of bot votes. :-D
Yea, being overly greedy is generally accepted by humanity as being bad. No good will come of it. That being said, capitalism INCREASES total wealth. Division of labor increases wealth. Putting these two things together has been the motor that has given us all the marvels of the modern world.
Money free, and higher consciousness communist men have brought us untold human misery and murder on the scale of genocides.
Hmm, which one is better...
