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Real money would be any instrument that's based on work already performed instead of work promised to be performed in the future, i.e. not debt based.
by 0x445442 7y ago
Real money would be any instrument that's based on work already performed instead of work promised to be performed in the future, i.e. not debt based.
- pjc50 7y agoBut that's not actually what you want for preserving value: you want to know that a unit now buys you a loaf of bread today or next week or in ten or a hundred years time. Currency is useful because you can use it to buy future work.