The same can be said for banknotes, they are quite useless as paper, they are mostly valuable because people see them as valuable and perceptions can change
Right, which is why using gold for a currency replacement is folly. They’re both valued based on something other than their real world applications, so if you trust one to stay relevant, you should probably trust the second as well.
The same can be said for banknotes, they are quite useless as paper, they are mostly valuable because people see them as valuable and perceptions can change
I’m gonna start carrying houses, food and water in my wallet instead
Dragon ball had it right. Fuck storing Pokémon. I wanna carry around my house
Right, which is why using gold for a currency replacement is folly. They’re both valued based on something other than their real world applications, so if you trust one to stay relevant, you should probably trust the second as well.
Crypto Bois reading this
Right but at least bank notes are easy to use and don’t require a scale.