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Showing posts with the label self-justification

Just my thoughts #0737

Existing economics teaches us that mankind invented the monetary system because barter was inconvenient. Despite having a monetary system, people still felt that even currency issued by it was inconvenient; therefore, economists explain that they created the current credit economy system. However, evidence found by anthropologists contradicts that explanation. In other words, it is argued that the credit transaction system existed before the monetary system, and then the credit system became distrusted for some reason. As a result, the monetary system was created and eventually replaced. Cryptocurrency today is a mathematical algorithm that makes it impossible to forge or alter transaction records. This happened because we don’t trust humans, and in ancient times, there was a more advanced credit transaction system. Don’t be fooled into thinking that the present is more advanced than the past. - Joseph’s “just my thoughts”

Just my thoughts #0021

Economic activity must accompany a counterparty. Since people couldn't live alone anyway, they exchanged whatever goods met their needs, and as a result, an "economic system" was created. The standard of exchange is called "value" and the numerical representation of it is called "price. "Value" and "price" certainly do not necessarily match, and one of the main reasons is "competition. In the end, value is exchanged for price. Values are offered at the pricing initially presented by others or at a provider's insistence that wants to earn profit at first. If only the offered price is recognized by others, the recognized price is accepted as its determined value. The price of one's wage agreed upon with another is the real price of one. All other evaluations and recognitions except the above are only self-justifications and excuses. - Joseph’s “just my thoughts”