• danielhanrahantng@beehaw.orgOP
    32·
    2 days ago

    I understand what you are trying to say but however though every single currency or mostly every single currency is going to become worthless like the Weimar mark or the Zimbabwean dollar. I am basing that on both what I see on the news and what is happening to people all around me.

    • spit_evil_olive_tips@beehaw.orgEnglish
      1·
      18 hours ago

      I am basing that on both what I see on the news and what is happening to people all around me.

      what news sources are you consuming?

      because if you’re getting the message from the news that economic collapse is imminent and all currencies are going to be worthless and we will need to fall back to a barter-based economy…that is a function of choices you’ve made in your news diet, much more than it has anything to do with anything actually happening in the real world.

      and what specifically is happening to people around you that you’re referring to? do you have a pen-pal in Weimar-era Germany who you’re communicating with through a time portal? or are you talking with other people who have the same news diet as you do and forming a self-reinforcing worldview?

      • danielhanrahantng@beehaw.orgOP
        1·
        15 hours ago

        I am seeing the value of my money go down and down in real time, I am seeing and hearing in my neighborhood that homelessness is going up and up. The news sources I use is philosophical gamer, Robert Kiyosaki and heresy financial. Those are just some of my sources.

    • Onomatopoeia@lemmy.cafeEnglish
      5·
      2 days ago

      And there will be another currency after that.

      Again, I’m not spending my time bartering the chickens my boss gave me for some crabs, for some iron, for some gas, just to trade that with the person that has the thing I need, because thats what they wanted.

      If you come up with any argument about “well my simplifies that by making the trades for you”, then you’ve just re-engineered currency.

      Currency isn’t the issue, it’s money lenders (you know, the table Jesus supposedly threw over at the synagogue), because it’s the generation of debt to make profit at the expense of others, while not contributing anything tangible, that’s the problem according to the parable.

      You could still have debtors in a barter system, and that would still be problematic. It would still be debtors preying on people with little to start with, like payday loan places. “We’ll loan you 2 chickens today, but you’ll owe us 3 on pay day”. See, no difference.

      Now if you want to make a local barter system just because, that’s different. But acting like you’re going to replace currency is naive, at best. Currency has been with mankind for thousands of years, because it simplifies trading.

        • TehPers@beehaw.orgEnglish
          3·
          1 day ago

          This would still be true in a barter system.

          You give your bank 2 chickens. Your account now has 2 chickens. To save people the effort of transporting chickens, you give someone an IOU (bank note) equivalent to 2 chickens, and they do the same for your gas or whatever. Now you have a system of currency and a method of exchanging each currency (chickens, gas, cows, etc) for each other.

          Software is created on this system of currency, and defines conversion rates between each currency. Software defines the value of products relative to each other now.

            • TehPers@beehaw.orgEnglish
              2·
              1 day ago

              Not really, no. Assuming that all currencies are going down the toilet and your software is supposed to sidestep it in some manner, then all you’re really introducing is basically an exchange for a new system of currencies. You end up in the same place in the theoretical future where barter is the main method of trading.

              On the other hand, if you’re doing this just for fun, then there’s nothing wrong with that, and introducing it that way might get you a better reception. But this is not the future of trade, just a niche tool that some might find useful, which is perfectly fine.