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Wow, a theoretical discussion of the value of one virtual resource store over another on GFY, and the best bit is that there are some fantastically diverse yet relevant points.
Obviously the scholars amongst you will know that paper currency was introduced into France in the 1700's by a dubious Scot in what was little more than an elaborate parlour trick.
The said scoundrel convinced the King of France (the global super power of the day) to give him the rights to print paper promissory notes that would be used as currency instead of metal coin and plate. (gold and silver) in return he would be responsible for repayment of the enormous debt that the crown had incurred fighting wars and building palaces. The whole scheme would be backed by the original mlm/ponzi scheme, the South Sea Company.
It was a fantastic fraud which ended in disaster, the French revolution, and bloody war in Europe for decades.
So paper money started as a scam. As did the whole insurance industry. Do your research, the history of paper money as a virtual store of resource is absolutely fascinating.
Sorry if that takes the thread of on a tangent, but check out The South Sea Company, also othe Dutch bulb bubble, you will see that history is just a nasty cycle of disaster, the worrying thing is our current 7years of plenty are long overdue for crash, real crash....
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"Americas Hitler" JD Vance.
“There isn’t really an upside to Trump.” Tucker Carlson.
“a convicted felon rapist is now your president” OneHungLow, gfy.com
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