Do we NEED paper money?

Does a society need paper money to function? It has no real value on its own.

go to comvince store for milk, powers down, can't pay with card.
Head to supermarket, their card reader is broken, go to getto licoier mart, get shot while picking out milk, wife leaves ne because I didn't bring milk home, killself.

It needs money with a limited supply to be sustainable. The fiat system eventually does collapse, it's a miracle the US has made it this long since nixing the gold standard and Brenton-Woods.

It technically doesn't need paper money backed by a limited resource, or precious metal coins now that there's the technology to decentralize and remove trust by means of a peer to peer pseudonymous ledger.

it just gives more goverment contorl to everything. If I want to tip strippers to see boobs because I never got laid in highschool, so be it

>haha paper money is stupid
>digital money with a paper receipt isn't

>It technically doesn't need paper money backed by a limited resource, or precious metal coins now that there's the technology to decentralize and remove trust by means of a peer to peer pseudonymous ledger.

In English please.

It makes small private transactions much easier. Shit like buying off craigslist, borrowing 20 bucks from a friend, paying the kid down the street to mow your lawn, etc.

From the big government's perspective, no. Actually it is better to get rid of it, and many socialist countries are trying to push that measure.

From the individual's perspective, yes. It is a good way to evade control and taxation in a microscopic level. I try to use cash in 100% of my personal (non-online obviously) transactions for that reason.

op was taking about the removal of paper money and a move to coneptely plastic/electronic based system. like they have started doing in some of the Mountain jew companies.
and I 100% socity needs some form of prosatution to continue to fuction, otherwise all the men that are going to die alone would go crazy a lot sooner

I didn't say that digital money was good either.

Just seems weird that we are paying with things that have literally no value.

Are you talking about fiat money?
Originally paper bills were government documents for the appropriate amount of gold from fort knox

Currency in order to work well must have an intrinsic value.

Time
Work
Achievement
Resources

All of these have an intrinsic value to all intelligent species.

mountain jew countries *

I'm referring to cryptocurrency, which is still in it's infancy. However the proof of concept has been demonstrated.

A system that controls inflation, imposes scarcity by means of limiting the supply, and is secured by proof of work and time itself. The peer to peer nature also means it can be democratic, meaning if the majority of participants decide the system needs changing, they can vote by means of running a new client with the changes they desire.

what are you, 12, you stupied commie, money is the best way to objectivly measure the worth of something to someone else, without all the effiecitces of specialzizion go out the window. how much is the bread bakers bread worth vs my blacksmithing?
go read one of the 10,000 books on this and delete your stupid thread forever

I am of the firm belief that we should never have "evolved" as you might say.

We'd have been a lot happier I'm sure if we were still hunting animals with spears and clubs, wearing the animal fur to keep warm and eating the meat.

Instead, we evolved, technology was invented and look at what the latest generation has done with it. Tumblr for example. It's full of people who are either gender fluid or in a relationship with a fence. The human species is a fucking mess now and we need a war to end all wars.

do you know what is the definition of value? do you know what is the definition of literally?

We require cash because it's a way to protect our savings from bullshit govt dictates like they did in Greece when they took peoples money from their savings accounts. (((They))) would love to see us moved to a cashless society.

That said, I don't think fiat currency is the way to go.

I agree with you, although this borders dangerously on some anarchoprimitivism ideas.

Something made us intrinsically different from other animals that naturally evolve, and while it is perfectly plausible that it was a simple rare evolutionary defect, that would be rather disappointing.

But that doesn't mean i'm not going to do the best with what we have, and go further.

>although this borders dangerously on some anarchoprimitivism ideas.

I don't see anything wrong with that. Somewhere in our history we took a turn for the worse and ended up here. The only thing I find wrong with this is we have come too far now to ever fully go back to hunter gatherer as you'd say.

And what is it people are doing now with what we have? Identifying as a tub of cheese as a gender?

>I don't see anything wrong with that.
Anarchoprimitivism itself is stupid, just that. But your point is otherwise fine.

Technology is now being our scourge, true, but there's also much hope in it. It is a means to both ends, good and evil ones.

When you see a problem you fix it.

Yes, but backed by a real thing. Silver, Gold, etc

>op was taking about the removal of paper money and a move to coneptely plastic/electronic based system.

really? because that wasnt in his post.

>It needs money with a limited supply to be sustainable
wrong

I only use paper money for daily transactions.

I am not scanning a card and letting my bank know everything I buy, when I buy it and how much I payed for it. There's no point in it and it is none of their fucking business.

With cash, you also always have a backup... just in case.

>austrian retards actually believe this
lmao

And for noncucks,
>wife goes to store, powers down blah blah
>goes to ghetto liquor store
>gets abducted and raped

>>wife goes to store, powers down blah blah
>>goes to ghetto liquor store
>>gets abducted and raped

>Tyrone goes up for 20 years
>You get life insurance money
>You don't have to worry about losing half your shit in a divorce

>Profit

do you want the giov to have a paper trail whenever you buy shit?

Money is the middleman, the means of exchange, not the value being exchanged for. The sum of money has the same value as the sum of value in the economy

We could make our money out of anything, our current bills are mostly cloth for example.

>evade taxation
degenerate

Seriously though, cryptocurrency is the future. We need to end the fed and just use bitcoin or something like bitcoin. If you are scared about security, learn about cryptography.

>using cryptocurrency to buy a beer at the corner store

Self-defence, pal.

>implying taxation isn't theft

unless we bring back the gold standard, it's pretty much pointless no intrinsic value at all

>the glorious nation of brazilistan with it's shining public sector

>implying goods teleport from city to city
>implying future citizens spawn with all required knowledge
>implying no other nation will ever take any hostile action

Reformation is a solution

>t. hue monkey
You probably evade taxes like the rest of your mongrel society. No wonder brazil is such a corrupt shithole, no cohesive sense of national identity or belonging or morals or ethics, just gibsmedat

OP is a brainwashed pseudo intelectual who listened to a podcast disparaging physical money because

"Us normies dont need it with our credit cards herp derp"

Well guess what. A large portion of the economy dosnt go through banks or credit cards. You simply need a medium for the "capillaries of economies" a term i just invented. Anyway gtfo with you freshman level logic.

>implying muh roads
>implying government brainwashing is education
>implying private security companies

how the fuck am i gonna pay my drug dealer without paper money, you fucking retard

Well we need some form of physical currency that can't just be deleted from a database with the press of a button

Gold too. Doesn't really have a uniform usefulness or clear fungibility.

We need to be on a watt standard.

>2016
>not purchasing drugs online via cryptocurrency

>implying private security companies can fight the full might of a nation devoted to total war

>the mitochondrium is the powerhouse of the cell
>GUBMINT GIT OUT OF MUH HEAD REEEEEEEEEE

Kilowatt hours is the only currency that really makes sense.

Elaborate

>No wonder brazil is such a corrupt shithole, no cohesive sense of national identity or belonging or morals or ethics, just gibsmedat
I don't see how not being robbed relates whatsoever with "sense of national identity" or "ethics", but you sure are giving your best here, Tyrone.

>implying they can't
>private militias winning battles all throughout history

>Tyrone goes up for 20 years
>You get life insurance money
>You don't have to worry about losing half your shit in a divorce

>They never find out you sabotaged the card readers

Why not?

1) I don't want to be tracked with every purchase I make at the store.

2) I don't want to be tracked when buying the guy-down-the-street's used lawnmower.

Cash is necessary.

>Gold too. Doesn't really have a uniform usefulness or clear fungibility.


how ignorant can you be?
gold is extremely useful and precious in jewelry and electronics.
if it was cheaper you would find even more uses for it in electronics.

you're not getting in my taxi without cash

Yes, you need paper money if you don't want the world to devolve into financial 1984.

>Uber
>Lyft

>goatfuckers
>private
>resisting innawoods among the ruins is winning

Well honestly paper money is easier to put in a strippers g string than a live chicken.

>Unit of work over time
>Perform work, receive kWh credits
>Electric distributor provides energy in exchange for kWh credits to power house
>Go to store in electric car, charged at an electric meter
>Buy groceries, paying in kWh credits

It's basically a currency backed not by gold or other precious metals, but by the electrical output of the nation, and by extension, its coal and nuclear power generation capacities.

In a sense, the model resembles a cryptocurrency economy, where you have a few well-heeled people generating more currency, but most people just exchanging it, except here you can directly redeem, and ideally, eventually convert the currency into useful energy.

It's part of why the sovcit wackadoos like silver coin. Even if the government collapses, other nations will probably accept it to some degree because it contains valuable precious metals.

They won't accept it in the Bumfuck village store

>cant fathom the benefit of taxes
typical monkey mentality

We do have uses for gold, but it's not directly useable without remanufacturing or chemical processes in most cases.

More universally useful is electrical energy.

>cuck responses
>must be a globalist troll

That's because right now bitcoin is only used by a few people. I'm saying we should end the fed and replace it with a new currency, something like bitcoin.

>build a fuckton of nuclear plants which will never be used
>infact stop every other economic activity just keep minting the electrodosh
Gold can only be produced at a limited rate

Want to get rich?

Realize this simple fact: money is a fluctuating set of perceptions.

It exists as a function of the aggregate human perception/emotion about itself.

Human emotion/perception moves in waves. This manifests in terms of economic output changing over time (depression, boom)

This can be applied to currency trading or stock trading. Sub divide measures of intrinsic worth and the emotional factors which fluctuate from that worth, then cut units of time subject to intrinsic value. So intrinsic value remains constant, but is subject to change subject to changes in time (time series).

Cut this into micro periods of time, and anticipate changes in perception about money/share price based on a lookback of people's perceptions based on the changing conditions of human development. Remember polarity, in that for every advance is an equal decline (inversely correlated instruments) and vice versa when bubbles pop.

So: polarity, emotional deviation from IV, counteraction

>Getting steamrolled by tens of millions of russian tanks is a-ok as long as I can buy more whatevers

They still won't accept it in small stores as long as it is not a physical thing

Teach me kikemaster

Also remember that for every action you do there's its own polarity.

The reason rich people are often students of the occult, is because the teachings show them how to neutralize the costs of being rich. Meaning that for every advance or "high" is a corresponding following low. Newton's third law applies to human emotional interaction.

The reason so many rich people are extremely evil is because they're not very good at managing the costs of wealth and instead of using it and maintaining momentum, they hoard it. Hoarding wealth amasses positive action in markets, but the corresponding effect in terms of human emotion is arrogance and vanity. This then manifests into moral insanity over time, as the person believes themselves to be inherently superior to others. These types of thoughts manifest in the worst type of men, and they are often cursed with crippling depression and hatred. This is why things like pizzagate happen. Poor management of emotional costs of wealth or wealth through parasitic action manifests inevitably as moral insanity.

They will if it becomes the main currency of the nation. There could be other currencies too as long as there is no Federal Reserve.

>Pay taxes
>Yet another world crysis
>Obongo pays 1 fucking trillion of money to stop crysis
>Your bank still cuck up
>Lose your job
>At least brak people cqn but crak and nikes

Paper doesn't need to be the currency we use, but money is important to organizing free markets.

...

Ironically occult teachings show that those who use higher law to manipulat e this law and use this to hurt or abuse conscious beings end up going to a proverbial "hell" and pay very very dearly for their actions in the long run. As their actions of manifesting greed and hatred and sadism create a kind of magnetic attraction to the lowest states of being, and in death their energetic being "bounces" back to the lowest forms, where suffering undoubtedly occurs. This is being separated from the "kingdom of heaven" that Jesus warned us about.

Think of it like a valence electron being pulled back to the lowest orbit, when it was so close to pairing with another atom to form another new thing. The vibration of the evil minded therefore pulls them closer to the lower, whereas righteousness and using laws of momentum towards enlightening humanity pulls us forward closer to what Siddartha called "nirvana" but what occult teaching calls "the ALL"

Then there would be inflation and everyone would starve. Hopefully they'd start investing their electricity into farming or smelting gold to make more electronics.

OP here (obviously) I have to admit that money mostly just confuses me. I don't understand where it comes from, where it gets its value from. Same thing with stocks. I remember I asked one time what is the value of a stock and they answered "because you might be able to sell it for more later". So it's main value lies in the fact...that it's value will increase? But what is its value, on its own?

I guess these concepts are too abstract for me.

>Guess you'd rather live in Communism where the government controls your life