billairboy
Elite
- Joined
- Mar 25, 2007
- Posts
- 3,131
- Location
- Örnsköldsvik, Sweden
- Avatar Name
- Bill Airboy Ivanhoe
Did you read any of the above...? Nothing about our so-called "real" currencies is real, as in tangible. It's all but idea, contract, and belief. Maybe backed by a gun to your forehead in some places, as mentioned. We're not tought in school how money really works, and some suspect there's a reason for it. Bitcoin and derivatives at least are trying to make some amends by simulating a limited supply like with precious metal.
Yes I know it's "not real" as you say, but it a lot more real than bitcoin because I can go to my grocery store and buy food, I can't do that with bitcoin Yes, a currency is a "belief" that it has a value that can be exchanged for something. Not many normal people know what Bitcoin is and how to use it, so let's say the avarage belief and thrust in Bitcoin is so low it can't be called a currency right now.