Economists use the term “create” when speaking of the process by which money comes into existence. Now, creation means making something that did not exist before.
Lumbermen make boards from trees, workers build houses from lumber, and factories manufacture automobiles from metal, glass and other materials. But in all these they did not “create,” they only changed existing materials into a more usable and, therefore, more valuable form. This is not so with money.
Here, and here alone, man actually “creates” something out of nothing. A piece of paper of little value is printed so that it is worth a piece of lumber. With different figures it can buy the automobile or even the house. Its value has been “created” in the true meaning of the word.
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🇮🇳🇩🇪🇽#622479Since fiat money is a scam, are we only capable of creating scams? ;)
It's the successful alchemy, making a valuable thing out of nothing. They told us it's necessary to change the chemistry of elements, when in fact it's enough to change what people think.
Interesting question. It reminds me of a Jordan Peterson line from years ago: "How do you know when you try to twist reality, it won't twist you instead?" That's my paraphrase anyway.
aren't thoughts/behaviors chemistry too? or are those chemicals reactions just the outcomes?
I guess they are.
As without so within?
I think I see what you are saying. All we usually do is exchange energy. This is real. Money as we know it, is does not represent real energy exchange. It's completely made up. I do think we create ideas though. Like if you whistle a song. You are just moving air around but the tune itself. Where did it come from?
not sure we create ideas. if we start from the assumption that everything already exist, what we do is kind of “materialize” ideas.
thou are right on the energy side, or at least I agree with you, we are transmitters and we exchange energy in various forms. Alchemists of space and time!
Yeah. Words always get things confused. But there seems to be some place like the ether or whatever where we pull ideas from. Whether or not that is creation, I don't know. It's interesting how usually when a new idea comes around, it happens in many places at once.
Don't we create other humans aswell.
we procreate
... by reproducing
Yes we do. Beautiful thing
Music? Movies? Poetry? Literature? Software?
Seems like there are many intangible things that man creates.
all the Nobel Prize winners except for Peace which is given in Oslo and not Stockholm
Lately the economics prize has been dicey but still it's a scholastic contribution
any particular reason why in Oslo and not Stockholm?
Norwegian committee vs Swedish committee
At the time of his death Norway had Sweden were united
It is certainly a very good observation, thanks for sharing! This type of logic is what leads us to embrace really hard money. that cannot be created from nothing, like Bitcoin and gold. The elite already know this, which is why they have limited and almost extinguished the possibility of getting gold for mortals in some regions, but they cannot do the same with Bitcoin because it is unstoppable, and we must be just as unstoppable by accumulating our precious SATS daily.
More than an observation, it's a reminder! Youngsters ignore it, teens play with it, many forget, and others don’t understand or never put the time to learn about it.
In the next 10 years there won't even be the paper of it! Just a government wallet put on your device with digits in a SQL database.
oh man, I bet they are using SQL!
FIAT money is the biggest scam of all times! It was created for the kings to always hold money under their control and let the public lead a fake life with fake dream.
I wonder what's the alternative then. if bitcoin is money we will continue playing with the same fiat mentality?
When a Monkey trade a banana for something, is it Animal Money?
barter
That is why Nakamoto put the limit at 21 million. So it couldnt be created out of nothing.
ideas can be worth millions, in this case he defined it as 21!
Money was indeed created by humans, because money is a means of payment, if there is no money, how to overcome the means of payment? If there are goods paid with goods, of course it can, but it must be equivalent to it, if there is food paid with food, but it must be equivalent, but that is an ancient concept.
Creating vs manufacturing. Our currency is money. Unit of account, metric of consumption and supposed to be store of value. We CREATED the currency and MANUFACTURE the instruments of money. So even if dollar explodes we can still manufacture the instrument, yet the currency we created will expire.
... and a new one will surge! That's what has been happening for millennia now.
Could the same concept apply to Bitcoin?
Creating value out of nothing, the goal is to gather gold.
Well said!
yep brother that's true