Omg

money is something primarily intended to represent a transfer of generic value

Please tell me you never had economics

Cos this sounds like cortez

@Kali Yuga he is right tho 😐

wat

@DarKinGate nope

like, here's the thing

Give me characteristics of money

Wha you gave is agreed definition by banking system

I have paid every creditor who has ever lent me any money, since I was a teenager

so they trust that when I record an obligation, I will make good on it

Cos that worked well beforr

that promise is _almost_ as good as money

Ahahha

Yeah and thats how 2008 happened

because in a few short weeks, it will inevitably become money

no

But hey

Ahhaha

2008 happened because they were told to ignore the known risks in certain loans

which were sold on as though they were not distorted

Told?

Ahaahaj

yes

by the government

Ahahahha

they were instructed specifically that they could not assess certain forms of risk

Dude plox stahp

I would throw in some rebuttals if it wasnt for the intellectual jackson pollock

default risk is important to lenders

@Kali Yuga on this subject you are wrong m8 😐

I have been a lender

Default risk is a glorified name for bankruptcy violations

wat

bankruptcy is not default

@DarKinGate not an argument

@xorgy i didnt say it was

Read well

Kali imagine you start a bank business

???