https://blog.p2pfoundation.net/money-is-not-wealth-cryptos-v-fiats/2018/02/21 Researching, documenting and promoting peer to peer practices Thu, 20 Dec 2018 18:22:24 +0000 hourly 1 https://wordpress.org/?v=5.5.14 https://blog.p2pfoundation.net/money-is-not-wealth-cryptos-v-fiats/2018/02/21/comment-page-1#comment-1614995 Thu, 20 Dec 2018 18:22:24 +0000 https://blog.p2pfoundation.net/?p=69748#comment-1614995 If money use simply a unit of measure (a metric like inches and centimeters as the article starts out saying) then that unit can have no value of its own and no attachment to it or fee for its existence and no interest attached to its existence and no differential “value” as compared to other metrics such that there can be a market to trade them. We surely do not need an issuer of the unit, do we? Who issues the inches or the centimeters? We surely do not have a market that trades inches against centimeters. So, why all the insanity about the thing called money?
If one is going to assign the use of a metric as an abstract representation of something else then the representational unit is nothing in and of itself and is only a representation of that something else which presumably is real and has genuine value.

]]> https://blog.p2pfoundation.net/money-is-not-wealth-cryptos-v-fiats/2018/02/21/comment-page-1#comment-1613152 Sun, 02 Dec 2018 14:51:35 +0000 https://blog.p2pfoundation.net/?p=69748#comment-1613152 How can you say its exploding Co2 when China owns 80% of bitcoin mining and they use wind turbines for their power and produce no Co2.

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