Funnymoney: Difference between revisions
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(Created page with "Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a moneta...") |
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Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. | Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the [[OSE Bank]]. | ||
Revision as of 23:27, 12 February 2021
Any currency that is not backed by tangible, physical resources. We emphasize physical resources because most costs in one's life are for physical resources, and thus a monetary system should reflect this essential, physical reality. In the digital age, money has been taken off a transparent backing system, including cryptocurrencies. The only substantial effort that we are aware of in terms of bringing backing to currency is the OSE Bank.