Digital Currency

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EstuaryBoy said:
I'll be honest I don't follow this thread too deeply as it's mostly above my pay grade/intelligence level and I'm not 100% interested..... But in no way dismissive of those that are.

Might have taken it out of context, but that phrase: 'who believes the world needs more entrepreneurs ' DID catch my eye...

Why? I can't remember who, but I do recall one of our Brit prime ministers using the same line a few years back, and looking at our current shortage of both skilled and unskilled labour I can't help but think it might not have been the best of ideas??

But please, take my comment as from one who admits ignorance in these things :)
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Whoever said that is staggeringly short sighted IMO.

Its the entrepreneurial spirit that got us out of caves. We might resent it when they get rich (well some do), but it’s entrepreneurs that develop the things that drive us forward, and that we subsequently take for granted.
 
EstuaryBoy said:
I'll be honest I don't follow this thread too deeply as it's mostly above my pay grade/intelligence level and I'm not 100% interested..... But in no way dismissive of those that are.

Might have taken it out of context, but that phrase: 'who believes the world needs more entrepreneurs ' DID catch my eye...

Why? I can't remember who, but I do recall one of our Brit prime ministers using the same line a few years back, and looking at our current shortage of both skilled and unskilled labour I can't help but think it might not have been the best of ideas??

But please, take my comment as from one who admits ignorance in these things :)
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The difference between a P.M and a entrepreneur.
Most P.Ms lavishly live off the backs of the tax payer ..take no personal financial risks and generally end up very wealthy on a government capped salary

Most Entrepreneurs take personal financial risks...live on their beliefs and investments....don't generally screw over a population and alot go broke just like the erossion of the working class by the powers that b
 
KiwiShane said:
Sheer volume of reality you mean. ?.....

....Now about the attachment of my post..
What did you find negative (volume) about the author of the video or his insight in regards to the current reality of our time. ??
I deleted my original attachment post as it x2.

This guy is aint negative ....far from it 👍The velcro wallet guy.

Robert T. Kiyosaki ☝​

Best known as the author of Rich Dad Poor Dad—the #1 personal finance book of all time—Robert Kiyosaki has challenged and changed the way tens of millions of people around the world think about money. He is an entrepreneur, educator, and investor who believes the world needs more entrepreneurs who will create jobs.
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Reality?? It depends who you ask.
You have made nearly 50% of the posts on this thread and most I would not call positive.
My post #176 was a genuine inquiry as to whether this pessimism (my word) is good for you.
Cheers 👍
 
Fast Eddie said:
Whoever said that is staggeringly short sighted IMO.

Its the entrepreneurial spirit that got us out of caves. We might resent it when they get rich (well some do), but it’s entrepreneurs that develop the things that drive us forward, and that we subsequently take for granted.
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Yes.... We need 'ideas' men (or women or whatever title they care to go under), but we do seem to overlook that somewhere along the line someone has to sweat and get their hands dirty to make those ideas work.

'Look East, young man???
 
EstuaryBoy said:
Yes.... We need 'ideas' men (or women or whatever title they care to go under), but we do seem to overlook that somewhere along the line someone has to sweat and get their hands dirty to make those ideas work.

'Look East, young man???
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Some people might overlook that aspect I agree, but that’s part of my ‘short sighted‘ argument.

Absolutely, workers are needed, from unskilled to trained trades, some politicians do seem to think we don’t need such people, which is madness. But in order to work, they need a place to work.

Ideas are great. But ideas alone do not provide employment to people, or raise capital, invest in R&D, build factories, hire workforces, etc. That’s what I mean by entrepreneurial. It’s the true entrepreneurs that do that.

When they become successful, we often call them elites and turn against them (maybe sometimes justifiably) but without them, our life would not exist as it does today.

My overriding point is the short sightedness we see these days, both from fanatical campaigners AND politicians.

One of my favourites recently was a clip of a young guy demonstrating to ‘end agriculture‘ because it is ‘the single biggest cause of climate change’. Now, irrespective of your view as to whether or not he’s right, just imagine the utter global disaster that would be if we ‘stopped agriculture‘!? A staggering level of naivety / arrogance / short sightedness.
 
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Fast Eddie said:
Some people might overlook that aspect I agree, but that’s part of my ‘short sighted‘ argument.

Absolutely, workers are needed, from unskilled to trained trades, some politicians do seem to think we don’t need such people, which is madness. But in order to work, they need a place to work.

Ideas are great. But ideas alone do not provide employment to people, or raise capital, invest in R&D, build factories, hire workforces, etc. That’s what I mean by entrepreneurial. It’s the true entrepreneurs that do that.

When they become successful, we often call them elites and turn against them (maybe sometimes justifiably) but without them, our life would not exist as it does today.

My overriding point is the short sightedness we see these days, both from fanatical campaigners AND politicians.

One of my favourites recently was a clip of a young guy demonstrating to ‘end agriculture‘ because it is ‘the single biggest cause of climate change’. Now, irrespective of your view as to enter or not he’s right, just imagine the utter global disaster that would be if we ‘stopped agriculture‘!? A staggering level of naivety / arrogance / short sightedness.
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Yes, so many bright ideas on paper that fall flat in the real world.....

I'm not taking a pop at our Conservative Party, but reading our PM's desire that 'everyone' will be taught maths until they're eighteen did have me thinking: 'How's that gonna work?' Don't some leave education at sixteen any more?
I'd have expected something with a bit more thought behind it from someone so high up....
 
EstuaryBoy said:
Yes, so many bright ideas on paper that fall flat in the real world.....

I'm not taking a pop at our Conservative Party, but reading our PM's desire that 'everyone' will be taught maths until they're eighteen did have me thinking: 'How's that gonna work?' Don't some leave education at sixteen any more?
I'd have expected something with a bit more thought behind it from someone so high up....
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Absolutely agree. No idea what ‘cause and effect’ is going on in his mind with this idea. Let alone the practicalities of how to execute!
 
EstuaryBoy said:
Might have taken it out of context, but that phrase: 'who believes the world needs more entrepreneurs ' DID catch my eye...

Why? I can't remember who, but I do recall one of our Brit prime ministers using the same line a few years back, and looking at our current shortage of both skilled and unskilled labour I can't help but think it might not have been the best of ideas??
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This doesn't seem to make sense.

A person says we need more entrepreneurs, a PM agrees.

There is a shortage of skilled & unskilled labor.

It might not have been the best idea.

???

Entrepreneurs not only APPLY skilled and unskilled labor, they EMPLOY skilled and unskilled labor!
 
grandpaul said:
This doesn't seem to make sense.

A person says we need more entrepreneurs, a PM agrees.

There is a shortage of skilled & unskilled labor.

It might not have been the best idea.

???

Entrepreneurs not only APPLY skilled and unskilled labor, they EMPLOY skilled and unskilled labor!
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The UK appears to be bereft of both skilled and unskilled labour, for whatever reason....
So basically why create job vacancies that no one can or wants to fill?
 
EstuaryBoy said:
The UK appears to be bereft of both skilled and unskilled labour, for whatever reason....
So basically why create job vacancies that no one can or wants to fill?
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The answer to your question should be self evident ..... entrepreneurs sometimes create an entirety new industry, not merely a few jobs. To wit: we are communicating on this Forum because two guys, decades ago, were playing around in their garage with a new electronic device from which arose Apple Computer.

Sad that many cannot and want not to work. That would end quickly if we let them go hungry.

Slick
 
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EstuaryBoy said:
The UK appears to be bereft of both skilled and unskilled labour, for whatever reason....
So basically why create job vacancies that no one can or wants to fill?
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Who said entrepreneurs create jobs that "no one can fill"??? MANY new start-ups require UNSKILLED labor.

Now, "wants" (to fill) is an ENTIRELY different subject, and speaks to the enabling government(s) that create this horrid reality.

What reasonable person would "want" to remain unskilled? Let them starve, they deserve it in a world of MILLIONS looking for honest work.
 
What I'm trying to say is we seem to be putting too much emphasis on churning out middle management and supervisors, who sadly have no one to manage or supervise...
You don't have to look far to see organizations straining from being 'top heavy', 'too many chiefs and not enough Indians' is the popular colloquialism, I believe...
 
EstuaryBoy said:
What I'm trying to say is we seem to be putting too much emphasis on churning out middle management and supervisors, who sadly have no one to manage or supervise...
You don't have to look far to see organizations straining from being 'top heavy', 'too many chiefs and not enough Indians' is the popular colloquialism, I believe...
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That’s a very different argument to your entrepreneur point.

Most middle managers don’t have an entrepreneurial cell in their bodies !
 
EstuaryBoy said:
What I'm trying to say is we seem to be putting too much emphasis on churning out middle management and supervisors, who sadly have no one to manage or supervise...
You don't have to look far to see organizations straining from being 'top heavy', 'too many chiefs and not enough Indians' is the popular colloquialism, I believe...
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"middle management" consists of mainly college grads; these days, a rather useless lot, as they NEVER WORKED A DAY IN THEIR LIFE (for the MOST part, NOT all).

There is rarely an entrepreneur among that mob.
 
grandpaul said:
I just had an AMAZING idea for a new currency - VIRTUAL currency.

You imagine a form for it, and it exists in your head in whatever quantity you desire. Every one is a gigillionaire.

Guys named "Jorgos" will be in short supply...
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Is that like a "WISH sandwich"?!? 🤣
 
We need workers at all levels, and I think as our PM was hinting at in his 'maths' diatribe, a lot of our school leavers are not fit for purpose...
That needs sorting......
We massage the figures so true unemployment will never be revealed, is a 'job' of any value if you still need financial support to do it?
Maybe veering off course slightly, but we have too many underlying problems that I can't see being sorted by a few 'Del Boys'
 
EstuaryBoy said:
We need workers at all levels, and I think as our PM was hinting at in his 'maths' diatribe, a lot of our school leavers are not fit for purpose...
That needs sorting......
We massage the figures so true unemployment will never be revealed, is a 'job' of any value if you still need financial support to do it?
Maybe veering off course slightly, but we have too many underlying problems that I can't see being sorted by a few 'Del Boys'
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If Del Boy is your definition of entrepreneur then you’re right.

My definition is Henry Ford, Saaichiro Honda, John Bloor, Steve Jobs, Alan Sugar, Richard Branson, etc. People who build things and add value to society and create mass, relatively well paid, employment.

But back to your ‘middle management‘ point… all of the above NEED good managers to make their systems run. We bloody well DO need BETTER managers if we want industry to prosper. We always blame management for industry failures… therefore better managers are required for industry to prosper.

So, we DO need more entrepreneurs, we Do need better managers, and we do need a willing and able workforce. NO this isn’t going to by solved be teaching maths to all up to age 18, just like it wasn’t solved by Blair’s vision that everyone should go to higher education! Which goes to show that this utter lack of understand ain’t exclusive to the current holders of office!
 
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Yes, point taken, but where do Henry Ford and John Bloor get most of their stuff built these days??
 
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