Re: Mind's Eye Re: The evolution of money

Remember Mondex?  It failed, but we now have all sorts of cards you can charge up.  The real electronic money issue is why we have no honest and transparent system.  I can't even buy a main street coffee without causing a myriad of international transactions in tax evasion.  When I visit an ATM most of my cash has traces of cocaine literally and metaphorically, the latter on account of criminal money-laundering.  Bitcoin originated for criminal transfers, but then 98% of internet commercial transactions concerned porn.  Andrew is right we should be interested, especially as Bitcoin demonstrates we could have an accounting system free of government and foreign policy.  This said, pigs could sprout wings if we knew how to manipulate the right HOX gene-system.  The devil is in the detail.

n Thursday, 16 January 2014 18:48:20 UTC, Allan Heretic wrote:

Money you mean the illusion stuff they say they put in my account and then vanishes? Seriously I was reading that one of the earliest trade goods was flint and flint type stones. There are mines for flint in England.

Electronic money is nothing new, chances are you are Carring it in your wallet as read this.

(   Matrix ~~ Soul controls Body
   )             ~~ Do No Harm
[_D   Allan H


-----Original Message-----
From: archytas <nwt...@gmail.com>
To: mind...@googlegroups.com
Sent: Thu, 16 Jan 2014 4:50 PM
Subject: Re: Mind's Eye Re: The evolution of money

I did try ages ago Andrew.  The premise that money evolved from barter (as proposed by A Smith) has long been thought untrue.  Barter to money has not been found in any known society, whereas debt systems have proved more or less ubiquitous.  David Graeber's 'Debt: the first 5000 years' has the argument.  Debt was regularly forgiven in jubilees after the death of kings and such.  The Sumerians knew agricultural/business and finance cycles were out of kilter.  Compound interest doubles debt more or less by dividing the interest rate into 70 - 7 years at 10%, 12 years at 6%. - thus $6 million in material and wages to build a bridge and $6.4  million in finance charges.

It's actually very difficult to get people to discuss money because they think they know what it is.

On Thursday, 16 January 2014 15:14:02 UTC, Allan Heretic wrote:

No interest? I thought it was discussed or am I supposed to slobber over buffoon like you?

Sent from my android device.

-----Original Message-----
From: andrew vecsey <andrew...@gmail.com>
To: mind...@googlegroups.com
Sent: Thu, 16 Jan 2014 2:58 PM
Subject: Mind's Eye Re: The evolution of money

This is something very scary I just came across. RFID chips to be used as money.

http://www.youtube.com/watch?v=ggdTmncNc-M     

Does anyone have any idea why there is so little interest shown in this topic? Especially from a group claiming to be a group of "thinkers"?

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