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06:23 PM
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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:MV81MjkyMTQ1Xzk3NTQzMjk2XzNERUQ5OTkz] [b]Independent economies must prepare for survival in antagonistic circumstances[/b] There are several approaches for alternate economies. a) Locate in a defensible / unattackable location. Africa has been amazingly difficult to colonize because it is difficult to approach / attack. b) Do not present as a single entity, but appear like a multitude of more or less independent oddballs, no one of which is worth attacking. Try attacking cicadas. c) If you are alone and have no group, live off the waste of the system you live near. No one cares about the garbage collectors. d) Work the extremes. Almost all major economies require all-the-time services. If an economy is based on harvesting the extremes, it is very difficult to attack in the usual ways. This is a storage based economy. Solar electricity is an example: harvest in the day, use at night. Power outages do not effect. Decentralized. The US is based on the idea that might makes right. This is sortof true, and works out in the typical case, but in the cases outlined above, might is not the key factor. Cleverness is. <continues...> [/quote]
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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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