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When did pic related become obsolete? Do you prefer baseless bank notes based on nothing?


Thread replies: 13
Thread images: 6

File: Gold-Coin.jpg (1MB, 3840x2160px) Image search: [Google] [Yandex] [Bing]
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When did pic related become obsolete?

Do you prefer baseless bank notes based on nothing?
>>
>Do you prefer baseless bank notes based on nothing?
as long as everyone else is cool with it, of course
also
>based on nothing
ummm ever heard of debt?
>>
I'm not aware that it has ever become obsolete.

It's just got some very good competitors for day to day transactions.
>>
>>73647589
OVERRATED
>>
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>>
>>73647589
You have to be 18 to post on this board
>>
File: Sealand_Explorers.jpg (475KB, 1528x1760px) Image search: [Google] [Yandex] [Bing]
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>>73647677
i have some sealand currency and i promise it is worth something

would you like it?

it is also based on nothing but my word?

surely you would want this?
>>
>>73648005
thanks for proving my point
>>
File: tech_probs.jpg (34KB, 720x544px) Image search: [Google] [Yandex] [Bing]
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>>73647589
>hey guise lets base our currency around a finite earth metal :3
>>
>>73648193
your point is people are idiots and believe things based on promises that will never be fulfilled?
>>
>>73648530
well is my theory valid?
>>
>>73647589
It's not obselete, its just that fiat currency is much more efficient within our current financial system. If/when the current system ceases to function, we will revert back to commodity money before transitioning into a new system.
>>
File: maxresdefault.jpg (76KB, 1280x720px) Image search: [Google] [Yandex] [Bing]
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>>73647589
Thread replies: 13
Thread images: 6
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