Eri, are you saying that money is not cyclic?

[McDuck]

" 08-09-2018, 06:13 PM
#29

eri
Fanatical

you've lost me

like your circular conversations on currency

in theory

theory is better than practice

but in practice

it isn't

have you defeated them?
your demons"



Hi Eri.

It's been so long since that discussion, and i've learnt so much about money, maybe it's time to look at it again.

What was the part you didn't like?


Maybe we can straighten it out.

[eri]

money goes in circles

as do some conversations

cycles are great and are what life is all about

but in the short term

i prefer to actually get somewhere

rather than keep circling back to the start

and sorry

but don't feel you and i

actually get anywhere

so i'm off

like an arrow

[McDuck]

money goes in circles

as do some conversations

cycles are great and are what life is all about

but in the short term

i prefer to actually get somewhere

rather than keep circling back to the start

and sorry

but don't feel you and i

actually get anywhere

so i'm off

like an arrow

Fair enough.
It is a huge subject, and I wasn't really looking forward to loosing the time to it myself.

If you're happy to stay gruntled, then I won't try and disgruntle you.

(It is funny to think that last time we looked at the topic, Trump, China and Bitcoin weren't even on the horizon).

I'd better let you shoot off then.
Good luck , an, uh, get stuck in.
(ha).

[eri]

"losing"

should have been "wasting"

we don't need to know

how a cell phone works

to be able to use one

similarly

we don't need to know

all the theories

on fractional reserve banking

to borrow money

for profit



been wasting..

[McDuck]

"losing"

should have been "wasting"

we don't need to know

how a cell phone works

to be able to use one

similarly

we don't need to know

all the theories

on fractional reserve banking

to borrow money

for profit



been wasting..

ha.
indeed.
although in the early days of cellphones, knowing that EM waves travel (like arrows ) in straight lines saved many a call from breaking up.


ps , the word was not lose, it was loose.

[eri]

ps , the word was not lose, it was loose.

It is a huge subject, and I wasn't really looking forward to loosing the time to it myself.

???

loose the opposite of tight

[WINZ]

" 08-09-2018, 06:13 PM
#29

eri
Fanatical

you've lost me

like your circular conversations on currency

in theory

theory is better than practice

but in practice

it isn't

have you defeated them?
your demons"



Hi Eri.

It's been so long since that discussion, and i've learnt so much about money, maybe it's time to look at it again.

What was the part you didn't like?


Maybe we can straighten it out.

What do you need to know?

[McDuck]

???

loose the opposite of tight

ha.
yes.
but a bit looser.
As in: Archers, loose your arrows!
Except it's Eddington's "arrow of time" in this case.

[McDuck]

What do you need to know?

I guess my original burning question way back when , was:
Is our present money a false measure?
Even though in not a biblical type person, the idea is captured nicely by Proverbs 11:1.


As for my "what is money" fascination:
Well, finally, I can say it's the shiny stuff that spawned the bronze age, "metal".
In Lydia (two and a half thousand years ago), it first showed up as fetching gold and silver coins.
The name money came about because the Romans just happened to put their mint next to the temple of Juno, whos full name was Juno Moneta.
Of late, paper representing the metal has been used, and very recently the metal idea was stupidly removed form the equation to a great extent.
In the last few moments of the story, 0's and 1's have been used, I like to think of them as reminders of ancient metal.
And that's about it.