Instead of posting in this thread, I wrote this and figured it needed it's own space. Check it out:
Toast IS Bread.
"How do I make more toast?"
Put more bread into the toaster.
Money IS value.
"How do I make more money?"
Provide more value.
Let's break it down:
ORIGINS OF CAPITALISM:
I am skilled in fixing roofs.
You own a cow.
You need your roof fixed and offer me milk.
Agreed! We trade, and all is well and good.
The following week you want your roof fixed again, but I don't feel like milk.
You give me a voucher for milk, and I fix your roof again, and I'll use the voucher when I feel like milk.
Next week, your roof breaks. I swear it's not because of my craftsmanship, it's because your built your hut in shitty location. Lots of falling rocks.
So, I fix your roof. You give me another voucher. I haven't used my first one yet, but it's transferable.
I give the voucher to Mary in exchange for some wool.
When Mary wants milk, she can use the voucher and you hook her up.
Origin of Money
What happens when the value of goods can't be a 1:1?
What if you want an entire hut built in a better location? How many cows is that worth? How many vouchers? How much milk?
We create a placeholder and assign it a value we can all agree on.
Currency is LITERALLY a placeholder for services and goods.
This is good and well and the way things should be... it's the way things HAVE to be if we're going to operating in groups of more than 150.
My Point
Money IS value.
It's a coupon for value you provided to others,
and it's redeemable for value from others.
When you work a job,
you're providing value to your employer.
You're helping them create value for the customer... which is how they can afford to pay YOU.
But you don't need a job to deliver value.
You can give value to people yourself.
If your venture becomes so big you can't do it yourself anymore,
You can give money to people who help you deliver value to people.
Money's been abstracted by ridiculous systems...
It makes it hard for people to keep track of what money REALLY IS.
But as long as you understand that money is a placeholder for value, it becomes easy to figure out how to make it.
There is no secret.
Find a way to provide something valuable to the people.
Toast IS Bread.
"How do I make more toast?"
Put more bread into the toaster.
Money IS value.
"How do I make more money?"
Provide more value.
Let's break it down:
ORIGINS OF CAPITALISM:
I am skilled in fixing roofs.
You own a cow.
You need your roof fixed and offer me milk.
Agreed! We trade, and all is well and good.
The following week you want your roof fixed again, but I don't feel like milk.
You give me a voucher for milk, and I fix your roof again, and I'll use the voucher when I feel like milk.
Next week, your roof breaks. I swear it's not because of my craftsmanship, it's because your built your hut in shitty location. Lots of falling rocks.
So, I fix your roof. You give me another voucher. I haven't used my first one yet, but it's transferable.
I give the voucher to Mary in exchange for some wool.
When Mary wants milk, she can use the voucher and you hook her up.
Origin of Money
What happens when the value of goods can't be a 1:1?
What if you want an entire hut built in a better location? How many cows is that worth? How many vouchers? How much milk?
We create a placeholder and assign it a value we can all agree on.
Currency is LITERALLY a placeholder for services and goods.
This is good and well and the way things should be... it's the way things HAVE to be if we're going to operating in groups of more than 150.
My Point
Money IS value.
It's a coupon for value you provided to others,
and it's redeemable for value from others.
When you work a job,
you're providing value to your employer.
You're helping them create value for the customer... which is how they can afford to pay YOU.
But you don't need a job to deliver value.
You can give value to people yourself.
If your venture becomes so big you can't do it yourself anymore,
You can give money to people who help you deliver value to people.
Money's been abstracted by ridiculous systems...
It makes it hard for people to keep track of what money REALLY IS.
But as long as you understand that money is a placeholder for value, it becomes easy to figure out how to make it.
There is no secret.
Find a way to provide something valuable to the people.
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