[FRIAM] murder offsets

[Steve Smith]

https://www.coindesk.com/crypto-is-booming-in-economically-challenged-argentina

Technically *coins are as "fiat" as government currencies, having
nothing backing them.   Bitcoin has a defined max # of 21M for what
*that* is worth.   Fiat +/- ?  

I think our previous discussion (that fizzled?) on "what is wealth for?"
is being addressed here again.   I appreciate Glen's characterization as
money being a quantity for stock and flow and that *value* comes from
flow, to the point that excessive hoarding (stock) is not a good thing.  

Wealth (stored value?) is like anything else (including) free Energy...
it is *at best* a means to another ends and must be considered in the
context of what anyone might value (which varies with context).   A
healthy food forest and the knowledge/skill to maintain and propogate it
might be fundamentally more valuable than a mattress full of krugerands
(or kangaroos or maple leafs or trump-busts) in gold, or even cases of
.45 ACP ammo or seeds, or cryptokeys loaded with Bitcoin.   Oh yeah, and
a functioning, healthy community?



On 4/15/21 2:52 AM, Pieter Steenekamp wrote:
>  " But I'd argue against storing value at all, anywhere "
> I assume you mean passive storing value like in fiat or crypto
> currency or for example art for the purpose of storing value.
> I agree with your sentiments, but I would not take it to the extreme.
> IMHO, to oil the wheels of productivity in society some storing of
> value in passive form is required. Like Tesla buying Bitcoin to store
> value. And I believe in personal responsibility, I want to store some
> of my value in liquid passive assets. I don't have any trust in fiat
> currency's ability to maintain its value for long periods, because
> governments all over the world are printing fiat money like there is
> no tomorrow. Maybe it's good, I don't have a clue, but I certainly
> don't think that's a good way to preserve the value of the currency
> for long periods. So, I choose to put a portion of my assets in
> Bitcoin. If disaster strikes and I need money in the future I don't
> want to necessarily sell off my stake in productive value storing
> (like a business, or shares in a company).
>
> On Thu, 15 Apr 2021 at 00:15, ⛧ glen <gepropella at gmail.com
> <mailto:gepropella at gmail.com>> wrote:
>
>     This isn't what you asked for. But I'd argue against storing value
>     at all, anywhere. That's for 2 reasons: 1) often, not you or
>     anyone here necessarily, what people who think 'storing value'
>     really want is *rent* ... to make money without contributing
>     productively. And 2) hoarding doesn't imply value. Money
>     contributes to the world by it's *movement*, by changing hands. So
>     a savings account or money market can (somewhat passively) help
>     the world more than burying cash in your yard. But *spending*
>     money helps the world in innumerable ways, especially when it's
>     not to buy arbitrary stuff, but to encourage others to do work ...
>     like .... [cough] ... write poetry or brew beer.
>
>     On April 14, 2021 2:49:55 PM PDT, Pieter Steenekamp
>     <pieters at randcontrols.co.za <mailto:pieters at randcontrols.co.za>>
>     wrote:
>     >I am a strong supporter of Bitcoin. Sure there are negatives,
>     it's not
>     >all
>     >just positive. There also are risks, Bitcoin could lose all it's
>     value.
>     >The
>     >main reason why I support it is because it's probably one of the best
>     >ways
>     >to store value. With all the crazy printing of fiat currencies all
>     >around
>     >the world, is there a good argument that any fiat currency will keep
>     >it's
>     >value? I'd really like to listen to these arguments with an open
>     mind.
>     >I'd
>     >also like to listen to arguments why any other way to store value is
>     >significantly better than Bitcoin.
>     >But, I'm not saying it's the only way to store value and I'm
>     definitely
>     >not
>     >advocating to store all your value in Bitcoin. A portfolio where some
>     >portion, dependent on individual circumstances, is stored in
>     Bitcoin is
>     >in
>     >my opinion very good.
>
>     -- 
>     glen ⛧
>
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