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-   -   What is Money? (https://www.talkofthevillages.com/forums/investment-talk-158/what-money-359849/)

SaucyJim 07-08-2025 07:08 AM

Quote:

Originally Posted by Whatnext (Post 2443867)
Even precious metals, diamonds will be worthless, as there will be no actual currency to give it value.
Back to barter!

Physical, tangible assets with not be worthless when currencies collapse. Currencies derived their value from the metals, which were a means of exchange - not the other way around.

SaucyJim 07-08-2025 07:10 AM

Quote:

Originally Posted by Caymus (Post 2443915)
Beads and shells were much better.

Brads and shells deteriorate in circulation at a much fast pace than metals. Though metals also deteriorate.

Joe C. 07-08-2025 07:21 AM

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.

DaddyD 07-08-2025 07:32 AM

Quote:

Originally Posted by Joe C. (Post 2444109)
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.

Aces4 07-08-2025 08:39 AM

Quote:

Originally Posted by Joe C. (Post 2444109)
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.

No electricity.....nocomputers...... cash is dead.

OrangeBlossomBaby 07-08-2025 08:47 AM

Be easier to just have a microchip inserted into your arm. If you need something, you wave your arm over a platen that scans the chip and deducts from your total assets the value of whatever you're getting.

MrLonzo 07-08-2025 09:09 AM

I learned what money is when I was 26 years old reading Ayn Rand's "Atlas Shrugged".

oneclickplus 07-08-2025 11:15 AM

Quote:

Originally Posted by MorTech (Post 2443855)
This guy is exactly right...An actual genius.

https://www.youtube.com/watch?v=Y37wn-f5hmE

Younger people are starting to wake up...They may be the first on Earth to be truly free/civilized and not serfs to external authorities and their Ponzi fiat. Ahh, to be 20 again :)

Well, this guy is "right" up to a point. If there were something to constrain the market to use Bitcoin, then perhaps some of his arguments are valid. But, his (and my) disdain for fiat currency applies to bitcoin also. Why? In the same way that governments create money out of thin air, just about anyone can (and have) create a new cryptocurrency out of thin air. As of this writing, there are in excess of 17,000 crypto currencies. As you can see, cryptocurrencies are collectively a type of fiat currency with no inherent value.

Food, water, energy, and guns / weapons to protect same are all that will matter when the USD collapses (in the very near future).

Try eating a dollar or a bitcoin.

Pugchief 07-08-2025 11:53 AM

Quote:

Originally Posted by DaddyD (Post 2444115)
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.


Yep.
It's also much easier to debank people who don't behave.

jimhoward 07-08-2025 12:25 PM

The guy quotes Maslow's needs hierarchy without attribution and then ties it to money. Okay then.


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