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Old 07-27-2020, 12:30 PM
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Not Insane Not Insane is offline
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Location: South Central KY
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Quote:
Originally Posted by donquixote99 View Post
My point is that real money isn't as real as you think it is. On a small scale it's a way to keep track of who owes who, and who has stuff coming to them. But it scales weird. On the Jeff Bezeos scale, quantum physics weird.
The only "real" money I have is made of pure gold or pure silver. The rest is just a "concept". It has value as long as the country backing it has value. And even then, that value changes as the quantity of money changes or the confidence in the country changes. Then there are things that survive solely on faith - things like tulip bulbs and digital "money" (e.g. bitcoin).
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