7 ms·
Money is a social contract. Its core intention is to formalise the exchange of promises fundamentally based on trust. I trust you to honour your promise to me,
by ageofwant 11y ago
Money is a social contract. Its core intention is to formalise the exchange of promises fundamentally based on trust. I trust you to honour your promise to me, thats why I accept this pile of colourful paper tokens for my precious cow.
Society, as we are used to, is dependant on this contract being honoured.
This system is currently so heavily laden with trust-sapping parasites that the host is verging on collapse.