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

but are you serious before I put effort in here

High inflation can be beneficial in certain times

^ to stop stagnation

Okay I just realised how stupid the thing I asked was when I remembered venezuela 😂😂

But the problem is, it fucked over people who are saving money.

nah, dw, no stupid questions

yeah, sometimes people saving money is stupid

Sadly

because when money stops moving the seats get taken in the ever going game of musical chairs

Well isn't people hording money what caused such a big recession?

no

the problem was all they bet more money than we had in the system

imagine everyone in the world bets £1m

and how much that would actually be in real money

same thing

but it was banks

so when it went to shit, everything went to shit

and money stopped moving

Ahhh I thought it was because people weren't spending the money in shopsand stuff which was causing money to stop moving