this post was submitted on 20 May 2024
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I didnt say that, money is real because its backed by a source be it government or otherwise. Having a currency has a rather obvious use case, having a liquid form of exchange to represent wealth is useful and eases things. Hell it doesnt even have to be paper or metal, it could be bullets, bottlecaps, seashells, or be rocks.
Money is real in exactly the same way that zero-dividend shares are real, or that cryptocurrency is real.
The difference is that the government can freely adjust the value of money, and anyone can create shares. Cryptocurrency can only be generated per the conditions of an algorithm.
Yes but also no, what im trying to say is that currency is in and of itself real. Real currencies are backed by something be it metals, food, water, military, or the entire fucking economy of a region or nation. Cryptocurrency is only backed by hopes dreams and energy wasting mathematical formulas, also I can use a 20 dollar bill practically anywhere in exchange for goods I cant use a crypto wallet or some shit in many places.
There are plenty of places I can take you where your $20 bill isn't worth the paper it's printed on. There is nothing particularly special about a dollar bill that makes it fundamentally different from any other intangible object.
Again, the only difference is the size of the community that shares the belief. The dollar has a much larger user base than crypto. Crypto has a much larger user base than the Albanian Lek.