4 ms·
So money is specifically different than goods, which was my original point. But money isn’t based on the properties of the item it’s just defined to be, well, m
by bradleyjg 3y ago
So money is specifically different than goods, which was my original point. But money isn’t based on the properties of the item it’s just defined to be, well, money.
- lxgr 3y agoThat's what I've been wondering about for a while now: I know about stolen cash having special status in many jurisdictions, but how does this work when it comes to to bank transfers and account balances? These make up almost all of modern "money".
- bradleyjg 3y agoThat’s even easier because they are technically fungible as well as legally. It is possible to say this $100 bill was once stolen so we are going to seize it from you even though you are perfectly unrelated to the crime and just happen to have ended up with it. The law treats money specially and prevents that from happening, but otherwise it could. It can happen with something like jewelry or a car. With electronic money you don’t even have a practical option even if there was one legally. There’s no specific hundred dollar bill to seize. Banks don’t track with that kind of granularity.