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>> money is transferable debt >> Crypto currency view of money is that money is a store of value. Money is far more subtle and interesting than that. I would s
by sifar 7y ago
>> money is transferable debt
>> Crypto currency view of money is that money is a store of value. Money is far more subtle and interesting than that.
I would say, modern money is debt, transferable or not.
It is interesting in a sly way as the true nature is hidden from the populace at large so that money as a system of control remains effective.
I think the major problems we face w.r.t money are due to this dual nature of money. You cannot simultaneously satisfy both the creditors and the debtors.