Re: Mind's Eye Re: Who can we tell?

I'm more with Andrew on this one Allan.  We have a debate on positive money in the UK Parliament this month.  The actual aim of PM is to establish democratic control on money printing instead of ceding it to the banks and rich.  In the MMT version we could even do away with taxes and the use of monetary policy through unemployment and austerity.

We have long been able to make fuel from thin air - the snag is one has to put a lot more energy in than what comes out as petrol, ammonia and so on - in this economic system it is cheaper to mine coal, drill oil, frack gas because we don't account for pollution and planet burning.  We let people amass money and buy politicians with it.  All this is clearly immoral but we don't seem to care.

PM and new tech controls could be a way round the current impasse - and it could start with some practical projects designed to get the proportionality of the system right and find that transparency that prevents corruption.  Just as in child sexual exploitation, a big question is who can we tell?  The current system is a dreadful mess, but we like to pretend it isn't.  If we dislike the Bitcoin of Silk Road we should also see the banks are admitting to gross money-laundering.

The essential control of positive money is that one commits to do work for it.

On Monday, November 10, 2014 10:49:55 AM UTC, Allan Heretic wrote:

Bit coins are nothing but counterfeit money created with a mining program. Almost banksters looks mean bitcoinster. What you are talking about is legal counterfeiting with no controls..
I have an laptop. I will sell them to you for current Euro value I will even take Swiss francs anything but bucking..if they are so valuable it should be no problem for you..

Luv free money.




-----Original Message-----
From: andrew vecsey <andrewvecsey@gmail.com>
To: minds-eye@googlegroups.com
Sent: Mon, 10 Nov 2014 11:24 AM
Subject: Re: Mind's Eye Re: Who can we tell?

Niel, you would also have to convert dollars to Swiss Francs if you wanted to buy coffee in a Swiss coffee shop. Money, in order to be "honest", needs to be trusted, adopted, difficult to forge, scarce, and easy to carry around and divide into small amounts. Decentralized crypto currencies like Bitcoin seems to me to be the best and only candidate at the present time.     
Molly, I think it would be much safer to store your "money" in your secret place than in vault of greedy criminal banksters. 

On Monday, November 10, 2014 3:03:55 AM UTC+1, archytas wrote:

Bitcoin per se isn't more than a basic tutor on what money might be, reminding us we have little clue about banking dominance.......Meanwhile we have such important developments as 'Bitcoin cafes' - where you can pay a machine a fee to change dollars to Bitcoin to buy 'coffee'.

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