Quote:
Originally Posted by holograph
Smokey, you make a good point
Now, lets discuss usefulness of money and I don't mean paper or whatever, I mean as a unit of trade and exchange.
Good monetary unit must be durable, divisible, non-inflationary, un-counterfeit-able, easily transferable.
Am I missing anything?
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as a unit of exchange paper money and gold aren't very good, i was just pointing out paper has little inherent value whereas gold has a much greater inherent value.
Digital is what we are using now, the digital is backed by paper which is backed by nothing.
I think people are suggesting have the digital backed by a solid item such as gold , not gold as an exchange item itself.
I say use marijuana as a solid item.. years ago i had a brainstorm about a bitcoin like service called "virtual apples" ,shoulda jumped on it.