3 ms·
I just had a curious realization.. Money is a representation of trust, it says so on the dollar bill, that the piece of paper can be traded for something at the
by netsharc 3y ago
I just had a curious realization.. Money is a representation of trust, it says so on the dollar bill, that the piece of paper can be traded for something at the US treasury, and we all trust this to be true. Indeed "credit" means "trust". So I wonder if we've been wanting to collect bigger and bigger amounts of "trust" because, hey, who doesn't like being trusted? And funny how people can't see when just looking at your briefcase or bank account full of money if you got your money through scamming people (exploiting their trust), so indeed this decoupling has been harmful (if you're a decent guy but you're homeless, people don't look at you twice, if you're Elon Musk people treat you nice...)