Alan Watts on money and basic income

in #basicincome6 years ago

"Where do inches come from?"

This is an interesting take on money. The video is being posted because we feel it is important for people to question money and where it comes from. So many of us take it for granted that we never explore the meaning behind it or if the system we are in is really providing "value".

He also touches upon basic income in part.

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I mostly know Alan Watts though Zen Buddhism - but it's nice to hear him talking about economy and UBI!

Bigger community will increase value.

Manna grow at a rate of about 1000 new people a day. Hopefully growth will increase with more users/receivers. At this time a total of 157 thousand receivers. Goal is more than 50 million receivers, which will give Manna a bigger trade-network than bitcoin currently have.

If Manna can keep the same growth rate they have had until now of about 5% a week, we can hit 2 million users in one year, and 50 million in less than 2,5 years.

 6 years ago  Reveal Comment

First of, Manna already got a value. Every coin can as I write this be traded for $0.003055.

From your question it looks like it's gone be hard to change your mind on what money is. It's seams like you think there is some underlying value to currencies. It is not. It is just pretty paper printed in the rate the central banks feel like. The value lies in the network of people trusting it and using it for trade. Usually every single person in a community/nation use the same currency, and don't question its value.

But British Pound is great for trading in Britain, but in Germany you wan't be able to buy anything with them. There is no network or trust for Pounds in Germany.

If you just want to keep asking skeptical questions, don't. I don't feel like putting in a lot of effort to answer, if you not gone accept any of my answers anyway. But if you truly want to know about the value if currencies, start by watching the video above, and then do a YouTube search on "fiat currency", and start consuming. At one point you should start asking the same questions that you ask about Manna, to the currency you have been using your hole life.

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