Author Topic: Money Culture  (Read 251 times)

0 Members and 2 Guests are viewing this topic.

Offline BC_cheque

  • Full Member
  • ***
  • Posts: 2237
Re: Money Culture
« on: July 15, 2017, 01:15:42 pm »
You have made a mistake.  'Tangible' by definition means you can touch it and you can't touch digital money.  The first money, written on stone tablets, was visual only.  Coinage gave you money you could feel in your hand.  Central banking started during the Renaissance I understand, and that was the first virtual money.  I can touch my computer screen but $0 feels the same as $1.

I'm not sure which statement of mine you refer to, but money like all technology will change.  It will become virtual, that's not hard to see, but I can see it disappearing in the long term as the goods that we all need to live will become more easy to come by.

True, tangible in the literal sense of the word, was not the correct word to use.  What I meant by tangible was in context of what you said earlier for accounting vs. math where the former is perceivable (how I used tangible) and the latter, like pi, which is abstract.

Money has been virtual for quite some time now in the digital age, but I was arguing that it will always be measured in a way that is perceivable:  rounded to the nearest whole number, or at the maximum, 2 decimal places. 

The marketable securities of any given entity, be they a person, a bank, or a country, will always be measured using the accounting method and I can't perceive a future where money ever becomes abstract in the mathematical sense.

In that it will disappear all together from a format where we can physically touch it, I agree.  You had a thread on MLW about it as well and I don't see much of a use for it 50 years from now. 

Right now the only two purposes cash serves are 1) anything to do with black market and it will be a gain for society to abolish it and 2) people's spending habits which will have no choice but to adapt and change.