so still mine

Well that coin itself is worthless anyways as it's only a representation of gold in London

it is not representation of gold anymore

it's fiat

Fiat?

it's value is in that which we give it

money is now cars :)

https://www.investopedia.com/terms/f/fiatmoney.asp

Oooo

it's value is that which we say it has

It has no physical backing

So basically the only thing that would be a valuable currency is if I traded goods I'd made/collected for something that I needed?

if I say it's a currency, it's a currency

currency != money != valuable

all of these things are indy from each other

It's literally just magical numbers, magic money.

Which is why bottle caps are used in fallout

No value, no meaning, no backing.

mmhmm

Nah that's another reason @James Rimor

well, they do have some backing, because they do hold gold and silver etc

but it's not directly backed

so, it's value isn't tied to the thing

That's just something you can trade with them

Yeah

@Weez well ye that nuclear apocalypse probably had something to do with it as well 😂

In Fallout, bottlecaps were used because they couldn't be duplicated. Though they were backed by water.

The idea is you have something which has a limited supply, so you can have an idea of the amount of it out there

1 bottle cap = X Water

Ahhh

and can use it to trade with others and everyone knows how much it's worth in x thing

the reason we use(d) gold in the past is because it's limited on this planet and the extraction of new gold is hard

Less control over it, that way though @notaglobe

Ooga Booga muh Homophobia

https://pluralist.com/teen-killer-abel-cedeno-sentenced-homophobia/

Wait so if money isn't based on gf an just magig numbers then why doesn't the government just increase the amount of money it has If it's all worthless and more can easily be made?

A floatless currency allows us to manipulate it a lot more

@James Rimor are you trolling me or seriously asking?

That's called inflation @James Rimor

More money = each single piece is worth less

not that i'm mad if your serious

Ye I know it's artificial inflation