Quote:
Originally Posted by CoolTimer
There's natural law humans have to adhere to. You can obviously subjectively choose to disregard natural law and build a bridge made of straws, but there'll be consequences for doing so. My argument is that money adheres to certain natural laws as well. You can subjectively choose to have another opinion about money, but you are at risk of having less wealth in the future. In other words, truth exists.
Ok I understand better what you mean to say. It doesn't come across the same when you make assertions with out explaining how u mean to use the words you are using. Other people aren't reading the words you are using the same as you are.
Quote:
Originally Posted by Didace
How did you come up with these natural laws of money? Experiments? Real world experience? Or maybe you just thought about it really hard?
Ya this is on point I think...so we could say something more general like objective traits about money exist, but we might not necessarily know what they are or what they all are.
If the answer is good money gets you rich, then there is a time factor, perhaps, such that you can't really discern objectively if a money is objectively good without hindsight.
In regard to bitcoin, most experts on the subject of money wouldn't agree bitcoin is a very good money at all. And the reasons why aren't always obvious to those that aren't students of economics, but they can be explained I think to the "laymen" such that they might understand its not so simple as "the money that makes you the richest is the best". In accepted mainstream economics its actually seen as completely untrue and the opposite.
You can't just call them crazy without taking time to understand their arguments because sometimes truth isn't so obvious at a glance.
Quote:
Originally Posted by Good Money
You realise money has been around for some time now, and therefore there is some evidence on this topic right?
There are numerous examples, from which general principles can be inferred.
In mainstream economics its generally accepted that the evidence and our history shows bitcoin would be a very bad money (or perhaps would could call not ideal money). And there is very little agreement, especially when you include a broader, group (such as including the Austrian view) as to what the history of money shows is "good" or "ideal" money.