Post
Topic
Board Economics
Re: Do you ever wonders why we are using this paper as money?
by
Huskarls
on 28/11/2018, 16:27:32 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.

because the money we physically use every day does have value (although there is debate in this matter that the composition is not really pure). In addition, with the existence of physical form, this use is to avoid theft and also prices can be stable because the spread is evenly distributed and supply can be conditioned when there's an old edition that we must change to the new one