Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it’s a religion. I worry about the future of the techno priesthood.
Odd, there’s a significant part of the world population that doesn’t believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?
What is the intrinsic value of a piece of paper? Money is a social phenomenon.
Perfectly explains why NFTs don’t work. Nobody believes in the value of some bits on a blockchain, so it has no value.
Well some people do. And when some people believe a thing against all reason, we call that a cult. If they get big enough it’s a religion. I worry about the future of the techno priesthood.
Odd, there’s a significant part of the world population that doesn’t believe the Canadian paper money I have has any value and will demand payment in their local paper. Does Canadian money have value?
You’ll find this question already answered in the comment you replied to.
Money is a slice of the gdp.