Replying to Account deleted

«  a “money” (store of value) better than other forms money (ie. rocks,bead »

That is comparing different forms of money. Not looking at the concept of money itself. Of course, the beliefs/rules that create the hallucinations will create very different results. But, they work only until people believe they do.

How much value would FIAT hold if people just stopped believing it holds value?
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ryanjordan 2y ago

“Not looking at the concept of money itself.”

Great. Explain to me what is money?

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Account deleted 2y ago

Do we really need to? I mean in its simplest explanation it is an agreed upon mean of exchange. What is being exchanged? Goods and services.

That’s it. The idea evolved over the years, corrupted countless amount of times in countless amount of ways.

With Bitcoin we have a first ever, a beautiful experiment. Fixed Supply (money cannot be created from thin air or suddenly imported from an unknown territory). In theory, this would create a world where real offer and demand run the economic show.

Add to that it’s décentralisation, putting trust in a shared technology rather than 6 dudes in a dark room.