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reACTIONary

(6,950 posts)

28. In actual fact, all we have right now, and for some time, is ones and zeros....

Sun Dec 21, 2025, 04:41 PM

Sunday

..... almost all of our money consists of nothing more than ledger entries in bank accounts. Those physical pieces of paper you carry around in your wallet have no intrinsic value beyond their usefulness in communicating updates to those ledger entries between individuals. They are really no more or less than substitutes or analogs of those ones and zeros. A means of conveying information.

And, over all, a medium of exchange that has intrinsic value, like gold, is not as good for the economy as is fiat currency - digital or physical.

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GiqueCee fujiyamasan

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