It is real because everyone pretends it is.
this post was submitted on 27 Jan 2025
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If money isn't real, then nothing is real, because money can buy you anything. Maybe not a good lesson for a 4 year old but that doesn't make it untrue.
Fiat currency is as real as the law (and all the baggage and corruption that entails).
Crypto is "Trust me, bro! I keep a spreadsheet in the cloud!"
We'll all be using bottle caps soon enough.
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(3 replies)
It's as real as everyone is willing to pretend.
The original network effect, bitches.
Boff
I accept green pieces of paper for my not so hard work. It's real as long as we all pretend its real.
The only reason we pretend that money is real is because of the Chinese having a big brain idea that it's more convenient to trade conceptual values, than having to exchange literal five chickens for one cow; one and a half cow for a table; and a table for a room in an inn for one night.
We also pretend it's real because that's simpler that treating it as a useful fantasy or whatever.
That's a danger of too much pretending.
"Yes."