Replying to Avatar Sasha

Money to me is a pricing mechanism. A contract between two parties determining price at spot. Should not be confused with money as a value transfer device.
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RealJohnDoe 2y ago

https://youtu.be/WDpipB4yehk?si=CZlMUxXLg0vkmmKy

In your scenario. Money is anything someone will trade with you for.

So whatever medium of exchange you're using must have value. As well as utility.

So there's no escaping the reality that some money may consequently have value, as well as utility too.

For example, there's #Bitcoin. Which is a harder, more secure man-made form of money than debt-based paper IOU's.

Those debt based IOU's are Backed by you and I as commodities. Chattels of the state, cattle and pork bellies..🌾👨‍🌾👩‍🌾🐄🐖🥩🤔🧡😊🗽

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Sasha 2y ago

No it’s a pricing mechanism at spot. You take the contract that the two parties agreed upon as the value of the item that is given as evidence that it was worth that much at that specific time.

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Sasha 2y ago

Sorry I see what you’re saying too

I don’t know much about Bitcoin but I can say I know about money

IMHO Bitcoin’s value is in the privacy add-on which unfortunately drives a lot of its inefficiencies

However, the inefficiencies are worth it in dire straits where being privacy and anonymity is prioritized (fleeing a really powerful stalker for example)