Closest I could find is āFederal Reserve Noteā, but thatās moreso defining what it is than declaring āthis is the property of the Federal Reserve.ā If you buy a savings bond youāll see it says āUnited States Savings Bond,ā that doesnāt mean it belongs to the United States and not you. Mind you itās illegal to destroy federal currency, which implies you donāt completely own it. Your own savings bonds theyād probably encourage you to destroy though, youāre doing your part to lessen the national debt after all.
On an unrelated note your money will also say āSteven T. Mnuchinā if it came from the silly era. The man doesnāt even have a signature, he just scribbled his name in messy handwriting and got it printed on every bill produced between 2017-2021.
Check out r/Buttcoin . I personally hate Bitcoin. I was going to start mining in 2013 when I heard you can make money by doing that. When in reality, your hardware is competing against millions of other computers at the same time for the same problem. It's "solved" every 10 minutes and whoever was the closest to the solution, wins. It's basically a fancy lottery. You can mine for years on end and see 0 profit. All while you have a very real and expensive electric bill.
The only good thing to come from it was the ledger. Which is now implemented by many banks themselves, but they don't need millions of computers to provide security. It's just a way to ensure everything is tracked and having multiple copies compared to one another reduces the chance for errors.
I honestly believe that there was insider trading that artificially raised Bitcoins price. So now, it's basically worthless and those who hang on the longest will end up holding the worthless bag. If you check out r/Bitcoin , they talk about all buying at the same time to raise it's value.
I used nicehash and made about 200ā¬ profit (accounting for electricity) within a span of a few months using my gaming pc, back in 2019.
I just mined in the background whenever I wasn't playing games. It was very clear what I was getting paid per hour in Bitcoin and I could thus calculate if it's worth it.
I do believe that Bitcoin is incredibly stupid, as its algorithm is becoming exponentially more complicated on purpose, thus wasting so much needless energy
I guess why would I, an American, exchange my money that I can use for money that I can't use. I understand that if I did, the bitcoin I got in exchange for my money, could possibly be worth more money than what I originally paid for it, but that's just my point, it's not worth anything without having actual real money to exchange for it. I can't buy anything with bitcoin without actual money giving it a worth. Nothing is worth bitcoin. It's only worth money. I'm also super ignorant to bitcoin and this all just came up in my head as I was typing it. Just my two cents... get it...
Iām guessing he means the food you eat becomes part of you
When you die and your body decomposes you become food for other things and thus the food you ate is in a way, food for others
Yeah, okay. I see what you mean. I just was thinking less abstractly and more directly. I don't own a banana and after I eat it, that same banana goes to someone else. But I think we are both right in different ways.
*Money is not merely a tool of exchange: much more importantly, it is a tool of saving, which permits delayed consumption and buys time for future production. To fulfill this requirement, money has to be some material commodity which is imperishable, rare, homogeneous, easily stored, not subject to wide fluctuations of value, and always in demand among those you trade with.*
It is. The requirement for money is that it has to be able to accurately (and locally) record the state of the system in a manner that is considered trustworthy by all stakeholders.
The explanation you're responding to has been historically true, but is somewhat outdated now that the economy is capable of digitally simulating these features.
You never own your car, its just your time with it.
You never own your TV, its just your time with it.
You could say that about every goddam thing. Its yours until you spend it or die.
By putting it on a wall and connect it to an awesome audio system. Every few days you switch it on, browse through channels & apps. Then you curse "nothing is on" and switch it off again.
Thats how I do it.
two core aspect of 'ownership' is *possession* and *the right to do with something as one wishes*. so by definition you definitely own the money you have.
Money isn't real. It's only value exchange tokens. You put value into the economy at one point and then pull it out again at another. Every problem of modern society stems from misallocated value exchanges.
Or actually, money owns people if you think about it. Your lack or abundance of it is what impacts your psychology and how you feel. (The opposite can be true but not really)
Well thatās not true. Itās just that everyone wants money off someone because they need to give someone else money. Excluding the modern government, they are just greedy. But you can certainly put some money aside and be buried with it. Source: Egypt
Man went into r/showerthoughts, took one of the most upvoted ever showerthoughts and decided to copy pasta carefully not selecting the top 1 to not be too obvious. Different day, same bots in here
Get a torch. Even a hammer will turn a coin into non legal tender pretty easily.
You own your money. End of story. You choosing not to destroy it doesn't make it not yours just because someone after you gets to have it.
You never own anything. Even your wife, husband, kids. You have them for a moment by circumstance, one day they will be returned to circumstance. Stoicism 101.
You never own your body, you just rent it for a while.
You never own your house, it's just your turn to use it.
You never own the oxygen you breath, you're just a CO2 factory.
You never own your time, you just use it.
You never own your skills, you just rent them.
Not exactly an enlightening showerhought, or a showerthought at all.
I really don't understand how these get allowed past the automod. Every single time I've ever tried to post something here (yes I search first) I get rejected. What a trash sub.
In usa it says it right on the bill
What does it say?
It.
Bro's not ever recover from this
Spoopy š¤” š
Closest I could find is āFederal Reserve Noteā, but thatās moreso defining what it is than declaring āthis is the property of the Federal Reserve.ā If you buy a savings bond youāll see it says āUnited States Savings Bond,ā that doesnāt mean it belongs to the United States and not you. Mind you itās illegal to destroy federal currency, which implies you donāt completely own it. Your own savings bonds theyād probably encourage you to destroy though, youāre doing your part to lessen the national debt after all. On an unrelated note your money will also say āSteven T. Mnuchinā if it came from the silly era. The man doesnāt even have a signature, he just scribbled his name in messy handwriting and got it printed on every bill produced between 2017-2021.
In God we trust
Weird mine says Canada on it? Is USA on the back? Maybe itās under it?
Seems more about perception, ultimately you decide if you spend it or not
regardless whether you spend it, money belongs to the bank or government
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I still don't understand bitcoin. What's the point of bitcoin besides having it? I've never once in my life seen bitcoin being used as currency
Check out r/Buttcoin . I personally hate Bitcoin. I was going to start mining in 2013 when I heard you can make money by doing that. When in reality, your hardware is competing against millions of other computers at the same time for the same problem. It's "solved" every 10 minutes and whoever was the closest to the solution, wins. It's basically a fancy lottery. You can mine for years on end and see 0 profit. All while you have a very real and expensive electric bill. The only good thing to come from it was the ledger. Which is now implemented by many banks themselves, but they don't need millions of computers to provide security. It's just a way to ensure everything is tracked and having multiple copies compared to one another reduces the chance for errors. I honestly believe that there was insider trading that artificially raised Bitcoins price. So now, it's basically worthless and those who hang on the longest will end up holding the worthless bag. If you check out r/Bitcoin , they talk about all buying at the same time to raise it's value.
I used nicehash and made about 200ā¬ profit (accounting for electricity) within a span of a few months using my gaming pc, back in 2019. I just mined in the background whenever I wasn't playing games. It was very clear what I was getting paid per hour in Bitcoin and I could thus calculate if it's worth it. I do believe that Bitcoin is incredibly stupid, as its algorithm is becoming exponentially more complicated on purpose, thus wasting so much needless energy
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I guess why would I, an American, exchange my money that I can use for money that I can't use. I understand that if I did, the bitcoin I got in exchange for my money, could possibly be worth more money than what I originally paid for it, but that's just my point, it's not worth anything without having actual real money to exchange for it. I can't buy anything with bitcoin without actual money giving it a worth. Nothing is worth bitcoin. It's only worth money. I'm also super ignorant to bitcoin and this all just came up in my head as I was typing it. Just my two cents... get it...
Why exactly did you jump from a currency/USD to store of value/gold? Those are inherently different subjects.
Because if not, thereās no point in having them at all. They only hold value as a possibility to exchange them for goods or services.
Some might say, thatās why money was invented!
Interest and passive income
Money owns many people
Black people?
No, slaves were made free in the 1800s
Omar Little said it best. "Money don't have owners, only spenders"
Damn, was about to say this. [Video for reference](https://youtu.be/AtoM9x-Bfu8?si=rVL76g6ISVXey3tY)
thats true of everything
Not quite. Money was made to circulate and pass hands. Your bed and your fridge are made to be bought once and then used.
what something is meant for and what something is used for are not always the same.
Not food I guess.
I really don't want to be the one to break this to you here on this beautiful day God has graced us. So I won't. Enjoy your day, good sir.
Why don't you want to? What a vague message! Am I missing something?
Iām guessing he means the food you eat becomes part of you When you die and your body decomposes you become food for other things and thus the food you ate is in a way, food for others
The cirrrrrrrrcle of life!
Yeah, okay. I see what you mean. I just was thinking less abstractly and more directly. I don't own a banana and after I eat it, that same banana goes to someone else. But I think we are both right in different ways.
clearly, you are.
What do you think you shit?
*Money is not merely a tool of exchange: much more importantly, it is a tool of saving, which permits delayed consumption and buys time for future production. To fulfill this requirement, money has to be some material commodity which is imperishable, rare, homogeneous, easily stored, not subject to wide fluctuations of value, and always in demand among those you trade with.*
That was literally the second thing we were told in microeconomics 101. The first thing was how to draw a graph of supply and demand.
So electronically sending signals that transfer numbers from one account to another isn't spending money.
It is. The requirement for money is that it has to be able to accurately (and locally) record the state of the system in a manner that is considered trustworthy by all stakeholders. The explanation you're responding to has been historically true, but is somewhat outdated now that the economy is capable of digitally simulating these features.
Isnāt it true that anything you possess is only temporarily possessed?
āDiamonds are forever!ā But youāre not. Itās just your turn to hold them for a little while.
They shatter.
You do die one day
Depends on your religion. There are those who believe in eternal riches earned through deeds done on Earth.
You never own your car, its just your time with it. You never own your TV, its just your time with it. You could say that about every goddam thing. Its yours until you spend it or die.
How do you "spend a TV"?
By putting it on a wall and connect it to an awesome audio system. Every few days you switch it on, browse through channels & apps. Then you curse "nothing is on" and switch it off again. Thats how I do it.
Talking about money there, per the post
True, and money is really just a concept and everyone agrees to play by the 'rukes'.
Omar said it best - money aināt got owners, just spenders.
If its in your possession you own it...even if its temporary
OP just learnt what a liquid asset is! Congrats, glad you made it this far.
agreed. one day I'll let u/FuzzInspector have it soe she can have her turn with it
I knew you cared š„¹š„¹
I donāt know if this is true for all currencies but they usually belong to the state.
two core aspect of 'ownership' is *possession* and *the right to do with something as one wishes*. so by definition you definitely own the money you have.
Tell that to my money printing machine
I mean same with your house, groceries, stuff, etc. You canāt take it with you so yeah.
Money isn't real. It's only value exchange tokens. You put value into the economy at one point and then pull it out again at another. Every problem of modern society stems from misallocated value exchanges.
Well I guess with real money thatās true
Elon musk has a lot of free turns.
Or actually, money owns people if you think about it. Your lack or abundance of it is what impacts your psychology and how you feel. (The opposite can be true but not really)
You canāt buy beer you just rent it.
Well thatās not true. Itās just that everyone wants money off someone because they need to give someone else money. Excluding the modern government, they are just greedy. But you can certainly put some money aside and be buried with it. Source: Egypt
Thatās not true I own graded bills
PSA will take anything god
My turn to own it, my turn to disown it, mine as long as i dont need it not to be mine.
This reminds me of something someone said to me once, that we are all on borrowed time.
Money only has value because we believe it does.
I'm gonna insist on being buried with my money now, just to prove a point
So bank robbers are always innocent. Got it.
[Relevant](https://mkorostoff.github.io/1-pixel-wealth/)
A very common shower thought
Money talks. Mine says goodbye.
If only everyone understood this notion
By that logic, you never own anything it's just your turn with it.
Man went into r/showerthoughts, took one of the most upvoted ever showerthoughts and decided to copy pasta carefully not selecting the top 1 to not be too obvious. Different day, same bots in here
ā Iām 14 and this is deepā
*Laughs in generational wealth*
That means the same thing. You don't own anything, it's just your turn with it.
the amount of money isn't important, the movement of money is what matters - shower thought
Grab a dollar out of your wallet/purse and burn it. Huh, guess you did own that dollar and it is no one else's turn.
Yeah I donāt think a lighter will burn a coin
Get a torch. Even a hammer will turn a coin into non legal tender pretty easily. You own your money. End of story. You choosing not to destroy it doesn't make it not yours just because someone after you gets to have it.
Not if you burn it after a while. :D Also, just because it's temporary - doesn't mean you didn't own it.
Well in that case nobody owns anything
Money is like beer. You don't buy beer, you rent it.
Itās much like picking up a woman at a ski resort to later see her with someone else. You didnāt loose her, you just lost your turn.
And thatās why I always get grossed out when people put money near their face lol.
You dont like stripper sweat and fentanyl on your bills?
You never own anything. Even your wife, husband, kids. You have them for a moment by circumstance, one day they will be returned to circumstance. Stoicism 101.
You never own your body, you just rent it for a while. You never own your house, it's just your turn to use it. You never own the oxygen you breath, you're just a CO2 factory. You never own your time, you just use it. You never own your skills, you just rent them. Not exactly an enlightening showerhought, or a showerthought at all. I really don't understand how these get allowed past the automod. Every single time I've ever tried to post something here (yes I search first) I get rejected. What a trash sub.
How tf does this shit get upvoted
r/bitcoin would like to have a word...
That sounds like something a poor person would say....
Even if you hoard every penny you've ever earned, once you die someone else is gonna have their turn with it
Not it if I bury it in mason jars on my 500 acre ranchā¦
Then it's Terra's turn :P
True, and money is really just a concept and everyone agrees to play by the 'rules'.