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RE: Most People in Crypto Don't Really Care About a Financial Revolution

in #bitcoin8 years ago

None of the "currencies" we refer to as "currency" are currencies.

I get it, I know you do to, since you used the term "store of value" to describe them, because that is what all currency is, a store of value.

For us to remove the control that the fiat currency has over us we need to come to terms with this fact, because without realizing what a currency is we will not stand a chance at fighting for a financial revolution.

Yes, many of the people that promote these currencies are simply in it for a quick investment from one commodity to another, and that's an important observation that very few are willing to express but most everyone see it.

I'm not going to excuse that by parroting that "there's no choice" self defeatism which is prevalent in these scenarios, what is important I believe is pointing out that in the past all business was done with Tally Sticks, and there was no problem what so ever with that. People created their own units to represent a debt and then resolved the debt against those units, and that can happen at any time, we aren't slaves to this system if we realize that dollars, marks, francs, all these are stores of value, and as such we can treat them as stores of value not a unit of value.

As the market changes and things fluctuate we can funnel more and more of the controlled/manipulated, artificial value( which is engineered to fail) of the dollars, marks, francs, into stores of value that are free from the centralized control of the bankers, the end. That is how we win, by changing all our shitty bags of rice that are full of holes and tears and devalue by design our rice, into bags of rice that actually do their job of storing value, and then we can actually start doing what our ancestors have been doing in lieu of "currency" and create our own ledgers, with our own units and resolve our debts on our terms, otherwise known as FREE TRADE.

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Medium of exchange, store of value, unit of account.

A medium of exchange is an intermediary instrument used to facilitate the sale, purchase or trade of goods between parties. For an instrument to function as a medium of exchange, it must represent a standard of value accepted by all parties. In modern economies, the medium of exchange is currency.

Standard of value is antithetical to "change", standard is by the very definition means NOT CHANGING.

If money changes wanton in how much value it measures it's not standard.

For money to be both a measure of value and a STORE of value, it creates a contradiction in function. A unit is an abstract idea, not a tangible thing.

For example, a meter, a ounce, a second, are all abstract ideas that are never tangible, cannot be by their very function of Measurement.

You cannot own, transfer or touch a kilometer, nor a second, nor a measure of value. You can use a length of rope to measure a kilometer, but that doesn't mean that the rope is a unit of measurement, the unit is abstract, everyone can create them and the standard is hammers down in stone and unchanging, or it will invalidate all other measurements.

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