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	Comments on: How the Revolution of Money Will Reshape Our Future	</title>
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	<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/</link>
	<description>Blowing up the Clown World.</description>
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		<title>
		By: Kane McGukin		</title>
		<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195637</link>

		<dc:creator><![CDATA[Kane McGukin]]></dc:creator>
		<pubDate>Mon, 23 Sep 2024 02:16:36 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=10953#comment-195637</guid>

					<description><![CDATA[In reply to &lt;a href=&quot;https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195396&quot;&gt;max&lt;/a&gt;.

With data as the new oil and money having the ability to integrate with the internet plus provide a bearer asset that&#039;s instantaneously settled, could we consider math as the commodity driver going forward?]]></description>
			<content:encoded><![CDATA[<p>In reply to <a href="https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195396">max</a>.</p>
<p>With data as the new oil and money having the ability to integrate with the internet plus provide a bearer asset that&#039;s instantaneously settled, could we consider math as the commodity driver going forward?</p>
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		<title>
		By: Dennis		</title>
		<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195557</link>

		<dc:creator><![CDATA[Dennis]]></dc:creator>
		<pubDate>Sun, 22 Sep 2024 22:05:51 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=10953#comment-195557</guid>

					<description><![CDATA[Yo Kane,

How&#039;s this for math? The money multiplier is currently 1/0... (see https://www.federalreserve.gov/monetarypolicy/reservereq.htm)

As you know, in a fiat currency-based fractional reserve banking system, the money multiplier (MM) is the amount of money that can be multiplied by a bank deposit. The formula for calculating MM is 1/RR, where RR is the Reserve Ratio. With a reserve ratio of 10%, a $100 deposit can be magically multiplied 10 times (1/0.1) so that the initial $100 deposit becomes $1,000 through the miracle of fractional reserve banking. 

But what is the Reserve Ratio today? It&#039;s zero. What is 1/0? That&#039;s basic, low-level math. Do the PhDs at the Fed not know basic math?]]></description>
			<content:encoded><![CDATA[<p>Yo Kane,</p>
<p>How&#039;s this for math? The money multiplier is currently 1/0&#8230; (see <a href="https://www.federalreserve.gov/monetarypolicy/reservereq.htm" rel="nofollow ugc">https://www.federalreserve.gov/monetarypolicy/reservereq.htm</a>)</p>
<p>As you know, in a fiat currency-based fractional reserve banking system, the money multiplier (MM) is the amount of money that can be multiplied by a bank deposit. The formula for calculating MM is 1/RR, where RR is the Reserve Ratio. With a reserve ratio of 10%, a $100 deposit can be magically multiplied 10 times (1/0.1) so that the initial $100 deposit becomes $1,000 through the miracle of fractional reserve banking. </p>
<p>But what is the Reserve Ratio today? It&#039;s zero. What is 1/0? That&#039;s basic, low-level math. Do the PhDs at the Fed not know basic math?</p>
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		<title>
		By: Doly Garcia		</title>
		<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195556</link>

		<dc:creator><![CDATA[Doly Garcia]]></dc:creator>
		<pubDate>Sun, 22 Sep 2024 22:00:18 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=10953#comment-195556</guid>

					<description><![CDATA[&#034;As we stand on the brink of another revolution, it’s clear we must move beyond the limits of probability theory to something far more profound.&#034;

You mean, you are trying to sell me bitcoin all over again? That would have been a fine business proposition ten years ago. By now, it&#039;s so old you are trying to find the next fools among the general public for your pyramid scheme. No thanks. The kind of person that gets your gist is also the kind of person that gets that it&#039;s now over for bitcoin.

Also, there is the detail that maybe thanks to bitcoin inequalities were created that should never have been allowed to exist in the first place, because they were that likely to end in total catastrophe. The problem with crypto is, you can&#039;t use it to pay a local small organization of volunteers. It can only be used to prioritise long-distance connection over short-distance. In other words, to create a completely upside-down social scale. The most perfect way for rich people to entirely disassociate themselves from anything vaguely resembling reality, while clueless poor people grope in a zero-information environment and tend to revert to the lowest possible instincts of kill or be killed. Congratulations.]]></description>
			<content:encoded><![CDATA[<p>&quot;As we stand on the brink of another revolution, it’s clear we must move beyond the limits of probability theory to something far more profound.&quot;</p>
<p>You mean, you are trying to sell me bitcoin all over again? That would have been a fine business proposition ten years ago. By now, it&#039;s so old you are trying to find the next fools among the general public for your pyramid scheme. No thanks. The kind of person that gets your gist is also the kind of person that gets that it&#039;s now over for bitcoin.</p>
<p>Also, there is the detail that maybe thanks to bitcoin inequalities were created that should never have been allowed to exist in the first place, because they were that likely to end in total catastrophe. The problem with crypto is, you can&#039;t use it to pay a local small organization of volunteers. It can only be used to prioritise long-distance connection over short-distance. In other words, to create a completely upside-down social scale. The most perfect way for rich people to entirely disassociate themselves from anything vaguely resembling reality, while clueless poor people grope in a zero-information environment and tend to revert to the lowest possible instincts of kill or be killed. Congratulations.</p>
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		<title>
		By: Michael		</title>
		<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195457</link>

		<dc:creator><![CDATA[Michael]]></dc:creator>
		<pubDate>Sun, 22 Sep 2024 19:02:51 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=10953#comment-195457</guid>

					<description><![CDATA[Check out RadixDLT - especially test net Cassie, latest here https://www.youtube.com/watch?v&#x3D;fF7KfHzVOoc

Think the Wright Brothers. No one believes.]]></description>
			<content:encoded><![CDATA[<p>Check out RadixDLT &#8211; especially test net Cassie, latest here <a href="https://www.youtube.com/watch?v&#x3D;fF7KfHzVOoc" rel="nofollow ugc">https://www.youtube.com/watch?v&#x3D;fF7KfHzVOoc</a></p>
<p>Think the Wright Brothers. No one believes.</p>
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		<title>
		By: max		</title>
		<link>https://bombthrower.com/how-the-revolution-of-money-will-reshape-our-future/#comment-195396</link>

		<dc:creator><![CDATA[max]]></dc:creator>
		<pubDate>Sun, 22 Sep 2024 00:20:43 +0000</pubDate>
		<guid isPermaLink="false">https://bombthrower.com/?p=10953#comment-195396</guid>

					<description><![CDATA[What is money? The best answer to this continual question was provided in 1912 by the Austrian economist, Ludwig von Mises. In his book, &#034;The Theory of Money and Credit,&#034; he provided an answer in six words: money is the most marketable commodity. He had in mind gold and silver coins, but his theory encompassed any commodity that can or has served as money in history.
By defining money as the most marketable commodity, Mises integrated monetary theory with general economic theory. His theory of money was an extension of his theory of the free market. He rested his case for the free market on the right of private ownership.

Money is the most marketable commodity.
Money facilitates credit transactions. What are credit transactions? “Credit transactions are in fact nothing but the exchange of present goods against future goods”
We now have Mises’s definitions of money (the most marketable commodity) and credit (the exchange of present goods for hoped-for future goods).
We may give the name commodity money to that sort of money that is at the same time a commercial commodity; and the name fiat money to money that comprises things with a special legal qualification. A third category may be called credit money, this being that sort of money which constitutes a claim against any physical or legal person. But these claims must not be both payable on demand and absolutely secure; 
Money is a commodity, Mises insisted. It is not a promise to pay.]]></description>
			<content:encoded><![CDATA[<p>What is money? The best answer to this continual question was provided in 1912 by the Austrian economist, Ludwig von Mises. In his book, &quot;The Theory of Money and Credit,&quot; he provided an answer in six words: money is the most marketable commodity. He had in mind gold and silver coins, but his theory encompassed any commodity that can or has served as money in history.<br />
By defining money as the most marketable commodity, Mises integrated monetary theory with general economic theory. His theory of money was an extension of his theory of the free market. He rested his case for the free market on the right of private ownership.</p>
<p>Money is the most marketable commodity.<br />
Money facilitates credit transactions. What are credit transactions? “Credit transactions are in fact nothing but the exchange of present goods against future goods”<br />
We now have Mises’s definitions of money (the most marketable commodity) and credit (the exchange of present goods for hoped-for future goods).<br />
We may give the name commodity money to that sort of money that is at the same time a commercial commodity; and the name fiat money to money that comprises things with a special legal qualification. A third category may be called credit money, this being that sort of money which constitutes a claim against any physical or legal person. But these claims must not be both payable on demand and absolutely secure;<br />
Money is a commodity, Mises insisted. It is not a promise to pay.</p>
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