Google’s parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Google is now the world’s fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
So you think we should only use a goods-based bartering economy?
Or Roman numerals!
I tried to convert 2 trillion to Roman numerals found out they never used M, instead it’s either using an Etruscan system where you’d have something like CCCCCCIƆƆƆƆƆƆƆƆ or an X with some lines above it that I can’t write.
Unicode has a “combining overline” character (U+305). Just stick it after the character you want. I’m on Android, and could use “UnicodePad”.
X̅
I think that trying to represent it like that would exceed the comment length limit on the Threadiverse, though.
I like big butts!
No, but a derivatives market that is apparently worth more than the world’s GDP times 100 really doesn’t make sense.
There is nuance between abolishing money and having Wall Street own every major company and selling parts of each many times over.
Why are you trying to reason with a person that says nonsensical things like that? You’re wasting your time and effort. It’s ok to just downvote and move on.
Some people see the value in trying. But yes, sometimes it’s hopeless.
There may not be any hope of changing his mind. But pointing out the ridiculousness of their comment can potentially make the difference to other people who may not have the same knowledge, or haven’t thought it through.
The first trillion sheep company
That’s a whole lot of sheep.
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I make wool.
You make bricks.
I need your bricks, but you don’t need wool.
How do i buy your bricks?
Simple. You trade wool for a club, then use the club to take the bricks. Finally, use the club to take back your wool. Perfect economic system!
Sounds like bronze age orientation day.
https://www.youtube.com/watch?v=nyu4u3VZYaQ
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If you’re talking about a gold standard, no. It resulted in huge economic instability.
https://www.moneyandbanking.com/commentary/2016/12/14/why-a-gold-standard-is-a-very-bad-idea
If you’re talking about an oil standard, fuck no. For obvious reasons.
If you’re talking about some other standard that wouldn’t have the gold standard problems? What would it be?
Paper money is often backed up by nothing. It’s a little scrap of paper that only has value because we’ve all agreed it has value.
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so you only use paper money, dont get paid via direct deposit, dont use any modern banking mechanisms like debit cards linked to your bank account?
how do you even function?
What do you mean by “real”? The paper is literally worthless by itself. It’s only worth anything because we’ve all agreed on it. It’s the same exact situation with the digital zeros and ones.
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The point is that if you’re doing anything besides direct bartering of physical goods, then you’re trading in something that has basically no actual inherent value. Paper bills, gold, whatever, doesn’t matter. The vast majority of its value comes from our mutual agreement that it has value as a trading device.