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value of money - Page 2

Blogs > kulik-
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DwmC_Foefen
Profile Blog Joined March 2007
Belgium2186 Posts
January 19 2010 19:42 GMT
#21
The concept "money" is just an idea that is accepted by everyone. People agree that money has value --> IT HAS VALUE, and our entire economy revolves around it now.

Also, trading bananas for a donkey isn't very accurate ...
kulik-
Profile Blog Joined March 2009
Czech Republic305 Posts
Last Edited: 2010-01-19 19:43:35
January 19 2010 19:43 GMT
#22
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry
Terrible OP. Improve your posting or next one is a perma-ban.
Jonoman92
Profile Blog Joined September 2006
United States9107 Posts
Last Edited: 2010-01-19 19:49:13
January 19 2010 19:47 GMT
#23
On January 20 2010 04:36 kulik- wrote:
Show nested quote +
On January 20 2010 04:33 Jonoman92 wrote:
You are correct. The gold standard no longer exists because there is way more money in existence than there is gold monetary value to cover it.

sry but this is like most stupid argument..

hey screw you I was agreeing with you.... or at least I thought I was... not entirely sure what you said in the OP. I think people are being a bit harsh but you shouldn't be rude when you are not expressing/comprehending your own and other peoples' thoughts correctly.

On January 20 2010 04:43 kulik- wrote:
Show nested quote +
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry


loool!!! nice post
citi.zen
Profile Joined April 2009
2509 Posts
January 19 2010 19:48 GMT
#24
Being a non-native speaker is not a very good excuse (I should know). Furthermore, it is irrelevant: nobody cares if you have a good or a bad excuse, the reality of trying to communicate with other people remains the same - they either understand you or not.

Now that the thread has gone nicely off-topic its time to check out. Good luck :-)
Aut viam inveniam, aut faciam.
kulik-
Profile Blog Joined March 2009
Czech Republic305 Posts
January 19 2010 19:51 GMT
#25
topic of this end for me because i see that mostly of people here knows about it so ok... u are smarter than my fiiends
and jonoman sry for that but realy that argument is stupid because as someone said it that charge of money/gold would change or how to say it..
and im know that i speak and write quite bad... because i dont have english in school anymore and i dont speak a lot lately so i really struggle with that...
but i feel ofended that someone say ah u idiot u dont speak well english and hes from america or canada... if u dont understand so go somewhere else...
Terrible OP. Improve your posting or next one is a perma-ban.
Zoler
Profile Blog Joined June 2008
Sweden6339 Posts
January 19 2010 19:55 GMT
#26
On January 20 2010 04:43 kulik- wrote:
Show nested quote +
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry


hahaha funny
Lim Yo Hwan forever!
Chill
Profile Blog Joined January 2005
Calgary25996 Posts
Last Edited: 2010-01-19 19:56:31
January 19 2010 19:55 GMT
#27
Yes the comments about English are stupid. I wish people wouldn't do that when the point is clear despite the English having mistakes.
On January 20 2010 04:43 kulik- wrote:
Show nested quote +
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry

그래서 천재 입니까? 그래요?
Moderator
kulik-
Profile Blog Joined March 2009
Czech Republic305 Posts
Last Edited: 2010-01-19 20:10:50
January 19 2010 20:03 GMT
#28
On January 20 2010 04:55 Chill wrote:
Yes the comments about English are stupid. I wish people wouldn't do that when the point is clear despite the English having mistakes.
Show nested quote +
On January 20 2010 04:43 kulik- wrote:
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry

그래서 천재 입니까? 그래요?

some kind of canadian humor? like ur knowledge of bw are good so i will read that? ... dont get how someone like u can have some respect on tl...
btw thats also different between u and me i know that i sux in english but u are not willing to admit that u sux in bw and i doubt that u will get better
mostly u should focus on builds on player history and also i think u can just watch highlights and u will get finally some knowledge or prediction how the battle will end... which in u really sux the most imo.. still dont understand how u could say idra vs nony when nony made big attack that nony is in bad angle ... i wanted to start cry that someone like u is commenting event like TSL
Terrible OP. Improve your posting or next one is a perma-ban.
RaGe
Profile Blog Joined July 2004
Belgium9950 Posts
January 19 2010 20:16 GMT
#29
this calls for a classic Chill vs X grudge match imo
Moderatorsometimes I get intimidated by the size of my right testicle
kulik-
Profile Blog Joined March 2009
Czech Republic305 Posts
January 19 2010 20:20 GMT
#30
there is imo different between skill and knowledge of the game... oove have much bigger knowledge of bw than fantasy imo and fantasy would beat him in 9 of 10 games
Terrible OP. Improve your posting or next one is a perma-ban.
KwarK
Profile Blog Joined July 2006
United States43780 Posts
January 19 2010 20:22 GMT
#31
Obv money purely has conceptual value. But why is that a problem? When someone gives you money you're not getting paper. You're getting 3 loaves of bread. Or a chicken. Or whatever else you want to buy. It's just staggered bartering. In a barter system you need to have something they want to buy something off them. In a money system as long as everyone wants something then it all works out the same. There's no need for gold in the system.
ModeratorThe angels have the phone box
Intr3pid
Profile Blog Joined November 2009
Switzerland336 Posts
Last Edited: 2010-01-19 20:31:43
January 19 2010 20:29 GMT
#32
It is true that most countries have stopped to stabilize their currencies by backing it up with gold. Since modern money (mostly) is not tied to any underlying commodity the FED can flexibly define its value and through monetary policy influence different factors of the economy according to certain goals (like interest rate to battle inflation etc..).

So money per se has no value, it is an intermediary good that grants the holder and the receiver some rights in form of purchasing power. So you were right and your friends are idiots (in that matter).
MasterOfChaos
Profile Blog Joined April 2007
Germany2896 Posts
January 19 2010 20:35 GMT
#33
Money is worth something because people believe it is worth something.
LiquipediaOne eye to kill. Two eyes to live.
KwarK
Profile Blog Joined July 2006
United States43780 Posts
January 19 2010 20:35 GMT
#34
Remember in those old zelda games where some villager would give you item X and you'd trade it with another for item Y and turn that into item Z to give to a different villager? That's basically what's happening. It's just waiting for Link to sort it all out so everyone gets the thing they wanted is inefficient, money allows the situation to resolve itself. The same trades are being made between the villagers, it's just money is real and Link isn't.
ModeratorThe angels have the phone box
Intr3pid
Profile Blog Joined November 2009
Switzerland336 Posts
January 19 2010 20:42 GMT
#35
Basically yes. 10'000 years ago people probably traded rice for fruits, fish for meat, goats for women etc... and to not have to keep wearing this stuff around with you (like poor Link had to) people agreed to use money which would speed up and simplify the whole trading process. But it is kind of like a snowball mechanism, if the chain breaks and money becomes worthless the ones without any real stuff are pretty much screwed.
Saturnize
Profile Blog Joined November 2009
United States2473 Posts
January 19 2010 20:49 GMT
#36
On January 20 2010 05:22 KwarK wrote:
Obv money purely has conceptual value. But why is that a problem? When someone gives you money you're not getting paper. You're getting 3 loaves of bread. Or a chicken. Or whatever else you want to buy. It's just staggered bartering. In a barter system you need to have something they want to buy something off them. In a money system as long as everyone wants something then it all works out the same. There's no need for gold in the system.


This is ridiculous. How did that money get its worth in the first place may i ask?
"Time to put the mustard on the hotdog. -_-"
CharlieMurphy
Profile Blog Joined March 2006
United States22895 Posts
Last Edited: 2010-01-19 20:54:52
January 19 2010 20:50 GMT
#37
On January 20 2010 05:22 KwarK wrote:
Obv money purely has conceptual value. But why is that a problem? When someone gives you money you're not getting paper. You're getting 3 loaves of bread. Or a chicken. Or whatever else you want to buy. It's just staggered bartering. In a barter system you need to have something they want to buy something off them. In a money system as long as everyone wants something then it all works out the same. There's no need for gold in the system.

Barter/trade system is the best form of value (or whatever it's called). You can even trade labor for things. But the problem is that you can't split some things in pieces, when you have to weigh out the value of all these things to trade it get's messy.
Being able to put your own value on the things you own is the ultimate way to control your finance.
Money acts as a placeholder.

When you have savings in a bank and the dollar goes down, you lose money even though it's the same work the whole time.

Reminds me of how when I played the WoW auction house market, I'd buy everything low and put it up mid/high and then profit, rinse repeat. Then when I have the bankroll, move on to the next expensive high priorty item (started out with cloths, then engineer stuff, first aid books, then energies and shards for enchants). I could even effect my own trade business by taking losses in the auction house and selling enchants for higher prices with my own materials.
An example would be buying all the shards for a high level enchant and reposting them for a few gold more, and monitoring any other additions and buying and reposting them. Then spamming in trade chat that I do enchants for a markup price equal or greater than the price in the AH for the mats. And if I wasn't around/online/or the person didn't wanna deal with me, they had little/no choice anyways because I had all the mats in the AH.

I made a shit load of gold this way, probably more effective than chinese farmers.

There was also an IRL story about some dude who started with a red paperclip and traded/upgraded it over and over until he got a house in canada or something.
..and then I would, ya know, check em'. (Aka SpoR)
ieatkids5
Profile Blog Joined September 2004
United States4628 Posts
January 19 2010 20:53 GMT
#38
On January 20 2010 05:49 Saturnize wrote:
Show nested quote +
On January 20 2010 05:22 KwarK wrote:
Obv money purely has conceptual value. But why is that a problem? When someone gives you money you're not getting paper. You're getting 3 loaves of bread. Or a chicken. Or whatever else you want to buy. It's just staggered bartering. In a barter system you need to have something they want to buy something off them. In a money system as long as everyone wants something then it all works out the same. There's no need for gold in the system.


This is ridiculous. How did that money get its worth in the first place may i ask?

it has value because the people value it and give it value, and because the government enforces it.
Chill
Profile Blog Joined January 2005
Calgary25996 Posts
January 19 2010 20:53 GMT
#39
On January 20 2010 05:03 kulik- wrote:
Show nested quote +
On January 20 2010 04:55 Chill wrote:
Yes the comments about English are stupid. I wish people wouldn't do that when the point is clear despite the English having mistakes.
On January 20 2010 04:43 kulik- wrote:
On January 20 2010 04:40 Chill wrote:
Ok now I don't feel bad for you not liking me.

uh? if u mean about my knowledge of english.. its quite big different to speak or to write and to understand.. and i sadly understand ur commentanting and ur knowledge or bw is like my knowledge of korean langue sry

그래서 천재 입니까? 그래요?

some kind of canadian humor? like ur knowledge of bw are good so i will read that? ... dont get how someone like u can have some respect on tl...
btw thats also different between u and me i know that i sux in english but u are not willing to admit that u sux in bw and i doubt that u will get better
mostly u should focus on builds on player history and also i think u can just watch highlights and u will get finally some knowledge or prediction how the battle will end... which in u really sux the most imo.. still dont understand how u could say idra vs nony when nony made big attack that nony is in bad angle ... i wanted to start cry that someone like u is commenting event like TSL

- I'll do my best. I told that I won't be disappointing, but I've been bad so I apologize. I'm gonna try to be fired up again.
Moderator
Intr3pid
Profile Blog Joined November 2009
Switzerland336 Posts
Last Edited: 2010-01-19 20:56:59
January 19 2010 20:54 GMT
#40
This is ridiculous. How did that money get its worth in the first place may i ask?


People said like "I give you 2 loaves of bread for 1 chicken or this deed that enables you to get 2 loaves of bread, 1 barrel of beer etc."? Or how did gold get its value? Questions! (hint: the same way)
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