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Have you considered that your use of the term "real money" undermines your position a bit? People spend money on things with little tangible value all the time
by microtherion 6y ago
Have you considered that your use of the term "real money" undermines your position a bit?
People spend money on things with little tangible value all the time. The benchmark, IMHO, is whether others accept these things as payment. It's generally pretty hard to pay your utility bill with Farmville coins, or buy groceries with Angry Birds Mighty Eagles.
- virgo_eye 6y agoYou can't pay your utility bill with Apple stock, or buy groceries with crude oil ETFs. You have to convert them into money first. Does this mean that they are not a store of value?
- deleted 6y ago[deleted]