It's better that people specialize in their niche rather than compete. Lets say that in your country there are ten IT companies that specialize in making apps. Is it better that they all work at making ten apps that are basically the same app but rebranded and then compete, or ten completely...

For now I only care about the issuance of money and the definition of money. How such exceptions are going to be dealt with is outside the scope of my idea. There can be many solutions. One way to deal with such a case is for the government to issue money to whoever provides for the person in...

That's what stupid people do when they enter a market. The correct way to set prices is to start high and go lower step by step over a long period of time. Right now you can make your own branded pen and sell it for $1k. Even though it's functionally the same as a $10 pen. Once you've served the...

Would you buy a pencil if it was $1000? There's no such thing as fair price. The seller will try to get the highest price (s)he can get away with. You are negotiating whether you have the option to make an offer or not. Refusing to buy or delaying, is part of negotiation...

Correction, fountain pen, not pencil.

Actually I did haggle over a pencil. A nice fountain pencil. As long as no one is forced to buy or sell, negotiation is always involved. Even if you are not able to communicate with the seller to make an offer. It does. Once a year I buy wheat and flour directly from a farmer and I negotiate...

Those two are extremely high volume items. You can't take those two and generalize it for everything. Lets take for example a piece of art that was just made. It's unique in the world and has no history of price. How do you determine the price? There's no way of doing that. It will be put up for...

It is in my threat model but I won't discuss ways of mitigating that threat on an open forum, otherwise they'd become useless.

Lets say you want to buy an industrial machine to produce cookies. You calculate how much profit the machine would produce and determine that the value of the machine is $100k. If the seller sets the price of it at $75k would you buy it? I would. I got more value than what I paid for. I'll make...

Lets talk about sports. Imagine someone that is born so talented that he will outrun the current world champion and do this without having ever trained in his life. Would that make his accomplishment any less impressive? Would he not deserve recognition?

Exactly that. If you made someone happy with no effort, you deserve the same recognition as someone that put in a lot of effort. What matters is the result, not how you got there. Put yourself on the buyer's side. Imagine yourself trying to get someone to build you a house according to a plan...

Exactly that. If you made someone happy with no effort, you deserve the same recognition as someone that put in a lot of effort. What matters is the result, not how you got there. Put yourself on the buyer's side. Imagine yourself trying to get someone to build you a house according to a plan...

No. It certainly sounds insane but that's how communist countries were run. It didn't matter what people wanted. Labor, especially stupid, repetitive, back breaking labor, was seen as the ultimate good, no matter if it was useful or not. The commie state decided where and how people lived. Their...

I don't agree that labor creates value, nor does Hitler. “For every mark issued, we required the equivalent of a mark’s worth of work done, or goods produced.” - Hitler Pay attention to "mark’s worth of work done." If the work is not needed nor wanted, you get no money. Pay attention to the...

Soil compaction is determined by the farmer. Sometimes they want more compaction, sometimes less. Compaction can be changed by the amount of weights that are put on the tractor, the speed at which it goes and the amount, type, pressure and size of tyres. The only thing that determines...

What the client gets is not necessarily what the server sends. https://en.wikipedia.org/wiki/Man-in-the-middle_attack Anyone with access to just one private key from a certificate authority (and there were some leaks) can bypass TLS security.

You are making the wrong assumption there. Replace "wealth" with "appreciation" and you'll begin to understand me. Once set and adopted by most, the definition is not going to change. There is a tremendous amount of momentum behind money and it builds every day. Perhaps what you have in mind...