Still waitng for the characteristics of money

ok Kali, you say bank ruin economy, ok imagine you are middle class, and you finally collect money to buy a car but missing lets say 5k$ and there is 50% discount on car you want. with no bank lending you 5k you will have to pay 50% in future

And currency for that matter

[4:27 PM] xorgy: money is something primarily intended to represent a transfer of generic value

Thats definition not characteristic

there are no characteristics of money

literally every characteristic of money can change, and it can still be money

the definition of money is about what people do with it, not about what it is.

currency and money are different?

it can be abstract, physical, red, green, turquoise, solid, liquid, gaseous

<:TimThink:482277772497125378>

in the begining there was trading goods for other goods, lets say potato for watermelon! than they trade silver for watermelon witch had same value as potato, than they take this silver and shortify into paper and give value to paper as 100 silver

@Marcus_Summers I think currency is more specific about the form

@xorgy dude you are simply uneducated and wha you know is a fable for you to play along.

in other words you can call 10 potato a money

idunno

@xorgy what do you mean by the form?

**J5#6444** just left the server.

https://www.dailymail.co.uk/news/article-6687123/Mother-arrested-children-calling-transgender-woman-man.html

Twitter is the least of someone's worries

@Marcus Vittore currency, AFAIK, refers specifically to physical manifestations of money

oh

money can be non physical

@Marcus Vittore but also symbolically to a type of money in other contexts I guess

yes

"USD is the currency of the internet"

money can be non physical

vs

yeah, there's some weirdness about the mix of uses of words, but generally that is the difference it seems

Money talks and bullshit walks

there are other things like the origin of "currency"

what it means for it to be "current"

which has more to do with the law regarding money

Characteristics of money:
Durable, portable, divisible, unit of account, medium of exchange, fungible and a store of value over long periods of time.
@xorgy welcome to monetary 101

you can look at money as potatoes!

divisible?

money needn't be divisible

It meansit has change

lol

Omg

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