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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 84198874:MV81MjkyMTQ1Xzk3NTUzOTEzX0I0NkIyMTQ1] Eric Harris Braun: http://eric.harris-braun.com/blog/2007/11/05/id-55 [i]“When I was growing up in Ecuador, I remember being in the marketplace where I saw a man sitting at a table with a pen and paper. He was listening to a customer and was writing away like mad. I remember not understanding what that man was selling. Was he composing a poem on the spot? I couldn't imagine the visibly poor customer wanting a poem. So I asked my parents who told me that he was selling the writing itself; that the customer was illiterate and needed to send a letter and so would pay the man to write the letter. I remember being amazed by this at the time, but then forgot about it pretty quickly. This story comes back to me now that I've come to understand that almost all of us in the world are doing exactly the same thing as those illiterate customers I saw in my youth. We are illiterate and don't even know it. We don't recognize that there is a form of "writing" we hire others to do for us but could learn ourselves. This form of writing is the writing of wealth acknowledgments, and what we call it is money.”[/i] Money is a special extension of language where by means of symbols and contracts humans are enabled the exchange of ownership of real things by means of proxy instruments. More on this concept from the developers at MetaCurrency: http://metacurrency.org/ [/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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