What is Bitcoin for?

[Deleted member 292770]

Can you use a Tesco voucher to pay a debt?

Can you spend it anywhere that is not Tesco?

Can you pay it into a bank?

Can you use it to pay a plasterer?

Does it expire and lose all value?

In theory you could use a voucher to pay a personal debt to someone if they accepted it.
some tesco vouchers can be exchanged for holiday and theme parks etc.
Doesn’t have to be able to be paid into a bank to be classed as currency . As per crypto.
I do not accept tesco vouchers as payment for services, but I don’t speak for all plasterers.
coins and notes have been known to expire and lose their value.

 

[JohnD]

In theory you could use a voucher to pay a personal debt to someone if they accepted it.
some tesco vouchers can be exchanged for holiday and theme parks etc.
Doesn’t have to be able to be paid into a bank to be classed as currency . As per crypto.
I do not accept tesco vouchers as payment for services, but I don’t speak for all plasterers.
coins and notes have been known to expire and lose their value.

So a brick could be "currency?" Or a bucket. Or a handful of pebbles.

I think your definition of currency is so wide as to be meaningless.

 

[Deleted member 292770]

currency

meaningless

basically it is yes. In all it’s forms.
merely a tool to keep you enslaved for the duration of your existence.

 

[IT Minion]

Can you use a Tesco voucher to pay a debt?

Can you spend it anywhere that is not Tesco?

Can you pay it into a bank?

Can you use it to pay a plasterer?

Does it expire and lose all value?

And you can do all of those with Bitcoins. So you think they're currency now then.

Currency is what society says it is. It's not magic.

 

[Trazor]

merely a tool to keep you enslaved for the duration of your existence.

So everyone in the World is enslaved then.

 

[Deleted member 292770]

So everyone in the World is enslaved then.

The large majority . we need not discuss the chinese / Russians etc etc , it’s a given.
Lets stick to the west.
Shall we start with the education that’s geared up to make us stupid and teach us absolutely nothing about what will be relevant to us in our adult lives . reading writing and basic mathematics aside, which any adult could have passed on.
Then swifly move on to the system that gives you a higher ‘score’ based on more debt and credit you take.
Then there’s the mortgage payment that we’re so proud of that lasts basically the whole of your young to middle adult life and saps the very life out of you, which by the time it’s over you’re too knackered to enjoy it.
Lets move on to state pension age............ooh lets not get started on taxation.
You can tell yourself you’re happy and contented all you like, but if you think you’re anything other than a pawn in a game to line the pockets of the elite you are sadly mistaken.
unless of course you are the elite.

 

[denso13]

You can tell yourself you’re happy and contented all you like, but if you think you’re anything other than a pawn in a game to line the pockets of the elite you are sadly mistaken.
unless of course you are the elite.

You come across as a very downtrodden person with nothing to look forward to. Is that how you really feel?

 

[Dork Lard]

So a brick could be "currency?" Or a bucket. Or a handful of pebbles.

I think your definition of currency is so wide as to be meaningless.

Anything can be used as the token, so long as it is acceptable to all involved in the transaction. Historically, bricks, buckets & pebbles have all been used as currency.

I think your understanding of what is a currency is somewhat lacking.

 

[Harry Bloomfield]

Shall we start with the education that’s geared up to make us stupid and teach us absolutely nothing about what will be relevant to us in our adult lives . reading writing and basic mathematics aside, which any adult could have passed on.

You are normally blocked, but...

Education is there to facilitate us to be able to think, discus and pass on information, without it we would be little better than the animals.

Then there’s the mortgage payment that we’re so proud of that lasts basically the whole of your young to middle adult life and saps the very life out of you, which by the time it’s over you’re too knackered to enjoy it.

Your alternative system is what? We each of us, at least the more able, gradually create our own wealth. Our wealth allows us to gradually build up things around us like a home. The alternative to borrowing money for a mortgage, would be to spend most of our lives saving up whilst paying rent to enable us to buy a home outright. Most of us would find saving whilst renting near impossible, so we borrow the money to buy in the form of a mortgage.

Lets move on to state pension age............ooh lets not get started on taxation.

Would things be better if we retired immediately after leaving school, then spent the entire rest of our lives working until we drop? State pension age has had to be increased, simply because people live longer than when the state pensions began. The other alternative would be to pay more in taxes to fund earlier retirement. Your taxation funds education, infrastructure, health, the armed services and many other things. Where would you be without those things?

It's not perfect, but it beats living in a cave, hunting for your breakfast, hoping you don't become ill and starve because you have twisted your ankle.

It's called society, where we all (well most do) contribute for the benefit of everyone - it's generally a pretty good bargain compared to the alternative. Some win, some loose.

 

[Dork Lard]

You are normally blocked, but...

Education is there to facilitate us to be able to think, discus and pass on information, without it we would be little better than the animals.



Your alternative system is what? We each of us, at least the more able, gradually create our own wealth. Our wealth allows us to gradually build up things around us like a home. The alternative to borrowing money for a mortgage, would be to spend most of our lives saving up whilst paying rent to enable us to buy a home outright. Most of us would find saving whilst renting near impossible, so we borrow the money to buy in the form of a mortgage.



Would things be better if we retired immediately after leaving school, then spent the entire rest of our lives working until we drop? State pension age has had to be increased, simply because people live longer than when the state pensions began. The other alternative would be to pay more in taxes to fund earlier retirement. Your taxation funds education, infrastructure, health, the armed services and many other things. Where would you be without those things?

It's not perfect, but it beats living in a cave, hunting for your breakfast, hoping you don't become ill and starve because you have twisted your ankle.

It's called society, where we all (well most do) contribute for the benefit of everyone - it's generally a pretty good bargain compared to the alternative. Some win, some loose.

It doesn't have to be this way, & in many other cultures it isn't.

Your personal take on your reality is just that, personal.

 

[noseall]

You come across as a very downtrodden person with nothing to look forward to.

Agree. Must be a real boon at parties.

 

[Mottie]

Some win, some loose.

Some have to lose for others to win.

 

[noseall]

Some have to lose for others to win.

Agree. I'm of the opinion that is true of all things financial. One mans' gain is another loss.

 

[JohnD]

Apart from growth, construction and development, for example, where economic activity leaves the world with more than it started with.

Simple transfer of assets is called a "zero sum game" like six people sitting round a table playing poker, where the amount of money round the table at the end is the same as at the beginning, but in different hands. Taking money from mugs is like that.

 

[Mottie]

So a brick could be "currency?" Or a bucket. Or a handful of pebbles.

I think your definition of currency is so wide as to be meaningless.

Salt was and still is a currency. It’s where we get the term 'salary' from.