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I always saw money as some sort of unit for value. Everything valuable is expressed in some currency. Inflation is expressed as "things becoming more expensive"

I always saw money as some sort of unit for value. Everything valuable is expressed in some currency. Inflation is expressed as "things becoming more expensive", not "money loosing its value". Money seems to be the most basic part of how our economy works. I think the next decade will change everyone's perception of central bank money and cash, going from the most basic law on value, to just another thing that can be traded with another thing, losing or gaining value. The real question is if merchants will still accept these "I owe you" notes in the far future, instead of requesting something of real value. Timing means everything for something to become successful, and bitcoins couldn't have hoped for a better time than now.

seanp2k2 12y ago
You're describing fiat money: http://en.m.wikipedia.org/wiki/Fiat_money http://en.m.wikipedia.org/wiki/Fiat_money
- koonsolo 12y ago
  Yes, exactly! But the point I was trying to make (very badly that is), is that most people call "fiat money" just "money". And they know no other money than money (including my past self). You can earn money, you can buy stuff with money, and you can save money. All fiat money of course, but that doesn't matter, because that's the only money people know. In the next decade, that perception will change. "Money" won't have a monopoly anymore.