Post
Topic
Board Altcoin Discussion
Re: Monero's ANON FAIL !
by
dinofelis
on 12/12/2016, 10:47:21 UTC

Money is just belief.

True - from a philosophical perspective.

But if you are engaged in monetary design it helps to have a systems analytical appraisal at your disposal in addition to mere philosophical observations.



No, really.  It isn't just philosophical.  It is purely economical.  Money is nothing else but a belief that others believe in value - and as such, one is part one-self of the group of believers that others believe in.  And that's all money needs: a self-sustaining community of people who mutually believe in each-others' belief in the value of the asset, the belief in the legit creation and the belief in the absence of double spending (conservation of money in transactions).