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Almost all money is a scam. People don't typically realize that 'making money from thin air' is the oldest of all scams. In history books they tell that people
by Geee 4y ago
Almost all money is a scam. People don't typically realize that 'making money from thin air' is the oldest of all scams.
In history books they tell that people used salt, animal furs, shells etc. as money. What's forgotten is that there was always a 'bro' who shilled these new forms of money to other people. This bro had found a way to produce these cheaply and could get rich.
Eventually people realized this scam and moved onto rare metals which can't be produced from thin air, without work. However, these were minted into standard coinage, and eventually they were clipped or mixed with cheaper metals. Again, someone found a way to scam.
Next, we moved onto gold-backed paper money and then to fiat currency, and yet again the scamming continues, even easier than before. They've even made the scamming official, by mandating the 2% inflation target.
- mmcnl 4y agoMoney is not a scam at all. That's a ridiculous claim. I can use money to purchase goods and services. Not a scam. I can't use crypto to purchase goods and services. Yes a scam. Simple.