both are good resources of info, whenever i find somethin good i try to cross post here , i stop goin to the think free forums a while back cuz some of the ppl there including rob can be assholes and in general unhelpful, i went back recently cuz truthseeker pointed out some interestin posts there so looks like its grown since i been gone and has some interesting info now for those who are interested
Thanks Alex, I hadn't seen this one yet. I like the idea that when you turn in your paycheck for lawful money, they can't use the paycheck to practice fractional reserve banking. My first impression is that if used widely enough, it would eventually stop fractional reserve banking completely.
While you certainly don't need it, it facilitates exchanges between people much easier than barter. ie. if you have something I don't need why would I want it. Its all about choice however so I certainly have no problems with barter if the transaction works out.
Money (real and tokenized) exists because a great deal of goods and services cannot be traded / bartered at the moment those goods and services are traded. "Money" acts as a token for those goods and services, to be exchanged for other goods and services in the future. These tokens also make profit possible: profit is tokenized wealth that does not actually exist at the time it is "made," but will (maybe!) exist in the future.
Very good explanation of your question alexclaton.
