No, it means that this was what struck me as painfully obvious that anyone should be able to see it. As for the rest of it, I'm not going to debate the economics of money with you. If it is not backed by a legitimate and credible source then it has no value, bubbles notwithstanding. Period.
Blockchain is Dangerous Nonsense
- Thread starter Frederick Foresight
- Start date
It should be apparent that real money doesn't need to be backed by anything because the value that we assign to it is a collective decision. But I know you're too scared to think for yourself and just want the government to tell you what to do so carry on.
Legitimate and sustainable currency is backed by more than collective wishful thinking. You can't seem to get past the wishful thinking part.
That is exactly the point.
Millions do believe. And that is all it takes.
The history of money shows that.
It is only once "they" collectively stop believing that it is no longer money.
Such as rocks and shells and other assorted relics of the past.
But someone saying something isn't money, when many believe it is, doesn't make it so. No matter how many times they claim otherwise.
I will leave the sugarcoating to the professionals.
That was before government-backed currencies were introduced and adopted. What era are you living in?