It’s not currency. Only governments can issue currency. So what is it? A magic trick that fools people into thinking that running a program can produce something that is actually exchangeable for real currency.
Real currency is based on an illusion too, but it’s backed by the full “faith and credit” of the federal government, which is equal to zero. And those dollars are losing their purchasing power as an out of control government puts more and more unbacked dollars into circulation.
“Real currency is based on an illusion too, but it’s backed by the full “faith and credit” of the federal government, which is equal to zero. And those dollars are losing their purchasing power as an out of control government puts more and more unbacked dollars into circulation.”
all true, and the USD works (for now) because it DOES have the three main properties of a functional currency, namely unit of account, store of value, and accepted medium of exchange, that is, you can buy stuff with it ... also, the USD functions as the world’s reserve currency because it’s still the best of the lot ...
Saying stuff like this on FB will get your account erased.