Quote:
Originally Posted by jamesqf
Quote:
Originally Posted by redpoint5
A good currency is simply a vehicle for distributing stored wealth and labor. It shouldn't be valued as a collectors item due to its scarcity, but instead change ownership rapidly as transactions...
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Rapidly? I don't know about that: I still have some of the money (the electronic accounting, of course, not actual coins & bills) that I earned up to 30 years ago, stashed in 401(k) and mutual funds. |
Your money changed very rapidly, and what you've got left is an electronic representation of the shares you own in said mutual funds and other accounts. The beauty of the system is that by logging in you can see how many shares you own in those accounts and the current cash value of those shares- which you can immediately convert to cash, minus any fees, penalties and taxes.
Value the representation of the money, not the papers or coins. It's fake anyway, so unless you want to insulate with bales of greenbacks let it go full imaginary and accrue more imaginary value.