4 ms·
> Surely you own money? No you don't, just like you can't own a kilogram or a mile. Money is the government-approved measurement unit for value.
by BerislavLopac 6y ago
> Surely you own money?
No you don't, just like you can't own a kilogram or a mile. Money is the government-approved measurement unit for value.
- unishark 6y agoI'd call it a unit of exchange for things which really are scarce. And even if we do do think of it as something which we have artificially imposed scarcity on, this is an exchange process people opt into willingly. You're still free to consider it non-scarce and worthless. Unlike IP, which is for restricting use by people whether they want to opt in or not.
- chordalkeyboard 6y agoMoney existed before government began to interfere with it, and lots of people own gold and silver coins. Its probablt best to consider government fiat as a special case of pseudo-money.
- BerislavLopac 6y agoI meant "government" in a much wider sense; perhaps "society-approved" might be a better way to put it.
- chordalkeyboard 6y agoThat makes sense but then you can still own money that is a physical commodity like silver.