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Thread: What is Money?
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Old 07-08-2025, 07:32 AM
DaddyD DaddyD is offline
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Quote:
Originally Posted by Joe C. View Post
No electricity ..... no computers ...... Bitcoin is dead.
Precious metal is money.
In times past, salt was money.
Money is physical. You can hold it. You can trade with it. Try holding Bitcoin. Heck, you can't even see it.
In numerous countries in Europe cash, i.e., physical money, is virtually useless as no stores or businesses accept cash, only credit cards & other forms of electronic payment.

I'm not going to debate the pros/cons of bitcoin, but I'd bet my entire net worth that at some point in the not-too-distant future, all countries will convert to a CBDC (Central Bank Digital Currency). It's much harder to evade taxes when every transaction has an online trail.