Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by codexon on Friday December 11, 2009 @10:07PM
(#991074)
How many times do I have to repeat myself?
I never said "wealth" exchange was a zero-sum game. I said currency exchange is a zero-sum game.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by xenophanes on Friday December 11, 2009 @11:29PM
(#991154)
You mean trading currency for currency doesn't go anywhere? Umm, I guess so. What's your point? The guy wasn't in the currency exchange business.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by forensic on Saturday December 12, 2009 @03:31AM
(#991331)
You'll have to scroll up to see his point. It was related to how the title of article was aiming at the possession of currency rather than the possession of wealth.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by codexon on Saturday December 12, 2009 @03:41AM
(#991336)
Yes it's quite sad how I had to repeat myself 3 times. At least you understand :)
What I don't understand is why when anyone here sees the word "zero-sum" they rush in to talk about Paul Graham's explanation of wealth creation regardless of what the subject is.
And sadly I've since then lost 5 karma from people who like to jump on this "wealth is not a zero-sum game" bandwagon.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by xenophanes on Saturday December 12, 2009 @02:08PM
(#991823)
Is it sad that you assume all capitalist people here are repeating views from PG, rather than explaining their own independent views?
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by codexon on Saturday December 12, 2009 @05:28PM
(#992038)
What's happening here is that Paul Graham wrote about apples, and I am writing about oranges.
You saw the word fruit and now you keep saying apples apples apples.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by forensic on Saturday December 12, 2009 @03:43PM
(#991933)
But they are repeating PG's views. And they're doing it out of context.
Re:How A Kid Earned $2m Before He Could Drink – And The Shoc...
by codexon on Saturday December 12, 2009 @03:49AM
(#991342)
No, what I am saying is that trading currency for goods, like stocks, is a zero-sum game. The pool of money stays the same (barring the fed printing more). Why is this so hard for you to understand?
so, i buy something from you for $20. then you buy something from me for $20. although the currency comes out equal, we're both ahead. there's no scam here, no incentive or advantage for low scruples, no problem at all.