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Question for the anti-bank, anti-lending and anti-crypto crowd (who believe all 3)
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[quote:Anonymous Coward 79986956:MV81MjkyMTQ1Xzk3NTQzMjA5XzdDOTAzRjRC] [b]Every economy has an ultimate implied owner[/b] The economy itself has an implied owner. In the common modern economy, the owner is the one that creates and manages the NUMBERS. The bond numbers, the certificate numbers, the account numbers, the person (social) numbers, etc. That entity is the owner, and that entity dictates the rules. In an alternate economy, the entity that mints the currency, or possibly manages the currency is the owner. At the base level, the one that brings the rain, causes the wheat to grow, feeds the cows, etc is the owner. When building an alternate economy it is very important to: a) Not depend on any oracle that is dictated by another economy. An example would be the market value of silver. b) Remember that every economy has an implied owner. Take time to identify at every level / point who the implied owner is. Make it as decentralized as possible. <continues...> [/quote]
Original Message
Say you want to buy a house. Should only people that have enough cash be able to buy?
If you don’t like fiat or crypto, do you think everyone should have hundreds of thousands of dollars worth of PM in their homes? I go to buy a house and I need $500,000 worth of gold and I am just going to hand it all to the seller? Who is then going to just trust it’s all real gold?
If you don’t believe in lending and interest, are you a commie that wants other people’s money for nothing? Why should a random stranger give you their money to use for free?
Seems like there is a segment of people who are anti anything financial (because they are financially illiterate) yet don’t have any realistic solutions on how things would work otherwise.
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