Post
Topic
Board Economics
Re: Do you ever wonders why we are using this paper as money?
by
Snaic
on 22/11/2018, 17:42:34 UTC
Just want to share the details about the people who ever thinks that why we need to use just paper as currency and we all are working hard to get those paper.People claiming that bitcoin is not virtual so it cannot be considered as money or they call it as scam or ponzi but they are using just papers for centuries and those paper currency were made out of thin air.
Well, firstly, banknotes, this is no longer paper. There are already many different additives that increase their lifespan. Secondly, you apparently do not even understand the basics of financial relations in society if you declare that paper money is a fraud. Better check yourself with the history of the money. The current banknotes are the result of human development over the last two millennia, when leather money first appeared in 118 BC.