It's all a big scam right?
I pull out a dollar bill and is literally 50% cotton and 50% linen. The only person that says it's worth 1$ is the government. Why do people still use it??
What are we going to use after the financial collapse?
>>76316551
source?
>>76316551
melanin
>>76316551
Copper, copper will be the main currency.
Gold and silver will have high exchange rates to copper, but during the collapse and fallout copper will rise to be the currency of choice until the shit dies down.
>>76316901
The south was so right, yet so wrong at the same time.
Look at it more as a measure of the value of goods and services. With scarcity of those goods the value of the currency goes up. Same with the scarcity of the currency (which the government can control through the purchase of bonds or printing of money)
>>76316901
>yfw melanin becomes the new thorium
>>76316901
>you will live to see niggers killed and farmed for their melanin
God thank you for making me live in such a glorious time
>>76316551
fuuuuuuck that sandwich lookin good
should use less mayo though
Furthermore, literally anything can be viewed as currency. Even right now. It's simply the trade of something you have for something you want.
>>76316551
We're going to be in a purely digital currency within 100 years.
>>76316551
Because yellow metal has value beyond it's industrial use?
It's worth all the "worthless" paper someone will pay for it.
Fucking goldbugs
>>76316551
read up on "the origin of money" and mises' regression theorem
>>76316551
>I pull out a dollar bill and is literally 50% cotton and 50% linen. The only person that says it's worth 1$ is the government
That and nearly everyone else on the planet who are willing to trade you $1's worth of goods or services for that piece of cotton and linen.
>>76317781
It's bought into because of what the paper represents, and if the buyer agrees to be part of the currency system of that piece of paper.
It's like a contract, except you're carrying that note, which is an agreement contract that you are carrying exactly 1 point of 'goods and services'.
It's the definition of a trading system.
Obviously, we all recognize it's a fucking worthless piece of tree particles and ink.
We buy the representation. The idea. Buy accepting a piece of paper you are acknowledge you are part of the system of trade.
Now what you are willing to accept for that 1 dollar is subjective. It's entirely mediated by the two traders.
Value is subjective between the two entering a contract of trade.
Currency is a tool in the same way as a hammer.
Money is only useful if it can help man acquire Land, Saftey and Food and Water so the idea is anything will be given that someone who has excess land to sell food or saftey
![bitcoinorg[1].png](https://i.imgur.com/BukT0et.png "bitcoinorg[1].png")
>>76316551
This.
>>76317378
>literally anything can be viewed as currency
This is what people need to understand.
Imagine for a minute that there is no currency. You farm corn or some bullshit. While you have more than enough food at harvest time, much of your food would spoil so you sell a portion, say 100 heads of corn, with the expectation that you will be able to buy other food when you need it. Now lets say the store gives you 95 'corn credits' in exchange. These credits can be exchanged for other goods as well at the store. Expand on this idea and you have created a currency
>but anon that currency is backed by corn and therefore isn't fiat
That corn could be bought by another farmer who sells wheat. Not to mention that all of the corn could go bad.
>>76318262
This anon explains the contract aspect of currency well
