Author Topic: Money Culture  (Read 252 times)

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Offline BC_cheque

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Re: Money Culture
« on: July 16, 2017, 03:29:39 pm »
Now you're combining all my passions into one. 

I studied linguistics and literature during my undergrad, I speak three languages and when I went into accounting, I said I'm learning my fourth language - the language of business.  On my bucket list is to learn coding, or my fifth language, the language of computers.

Language is indeed a virus.  The postmodernist approach to language and the arts has always resonated with me in that meaning is subjective, therefore fallible. 

However, I don't think digital money would ever be a virus in the same sense that the spoken language because it's still based on mathematical concepts and objectivity. 

Spoken language is fallible because it relies on subjective interpretation of those words.  JMT's thread on the N word is a good example of subjectivity and language.

Money will never have the same constraints.

As for activity based costing, sure, it relies on estimates and interpretation but in accounting estimates can be reviewed and changed prospectively without jeopardizing the integrity of the data in previous periods.

Estimates are more fallible but they still are calculated with a conceivable amount rounded to a whole number (or within 2 decimal points).

I would say they withstand the same universality of understanding.