like if some how TFL got their hands on my council tax money I'd be annoyed

Well it the penny is no longer yours really or ever was yours to begin with

(being in Bucks, and not in Greater London)

well, again, that depends what you consider taxes to be

if it's me paying into a system for my use of the system, then you'd be asserting that everyone who says "our money" in reference to gov spending is being a fucking idiot

then I could almost get behind that, but it is common money

No no I'm talking about the physical again, like that coin was owned by the company which was probably owned by someone else till you make it back to the press that made it

oh yes

we're just using them as fancy credits

but the value that they represent is owned by me until I trade them

Labour credits

thus, mine

and you do no trading with taxes

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