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You're describing fiat money: http://en.m.wikipedia.org/wiki/Fiat_money http://en.m.wikipedia.org/wiki/Fiat_money
by 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 agoYes, 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.