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>I wonder at what point these bills stop being literally worth the paper they're printed on. That's easy it's right now and for all notes in all countries sinc
by dghughes 10y ago
>I wonder at what point these bills stop being literally worth the paper they're printed on.
That's easy it's right now and for all notes in all countries since the value of notes is determined by your government.
- CyberDildonics 10y agoBurn a $100 USD note and post a video.
- dghughes 10y agoNo need to be testy. I could burn 51% of a US $100 bill and get reimbursed but I don't live in the USA. Fiat money https://en.wikipedia.org/wiki/Fiat_money https://en.wikipedia.org/wiki/Fiat_money * Any money declared by a government to be legal tender * State-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard. * Intrinsically valueless money used as money because of government decree And no before anyone says it I don't belong to the cult of Bitcoin I like the idea but I'm not an evangelist.