@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
Due to the uncertainty over the pound
no, that was a lower level problem
That would only be an issue on large scale
oh wait, what are we talking about here
Such as those hoarding billions.
the banking crisis or current things?
