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A Lot Of Folk Without Their Own Crypto-Lockers Are Going To Get Burnt
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rsjsouza:

--- Quote from: RoGeorge on February 09, 2019, 07:15:31 am ---
--- Quote from: Stray Electron on February 08, 2019, 09:22:04 pm ---real physical money
--- End quote ---

AFAIK, there is no such thing like real physical money, and this is so for a very, very long time. 

--- End quote ---
You are talking about two different things: physical money and money value. The latter is what you are talking about in the rest of your post.

Physical money exists: having a chest of US$100.00 bills is real and can be exchanged anywhere with very little difficulty.

Having US$260M in a pendrive or in the computer screen of your bank account website is what is perceived as real but loses value as soon as the password is lost or the bank goes bankrupt or other scenarios: war, government seizure, economic crash, etc. (I have been through the latter two scenarios)
Mr. Scram:

--- Quote from: rsjsouza on February 16, 2019, 01:14:24 pm ---You are talking about two different things: physical money and money value. The latter is what you are talking about in the rest of your post.

Physical money exists: having a chest of US$100.00 bills is real and can be exchanged anywhere with very little difficulty.

Having US$260M in a pendrive or in the computer screen of your bank account website is what is perceived as real but loses value as soon as the password is lost or the bank goes bankrupt or other scenarios: war, government seizure, economic crash, etc. (I have been through the latter two scenarios)

--- End quote ---
Good luck spending that "physical money" when it's in a practically unbreakable vault.
rsjsouza:

--- Quote from: Mr. Scram on February 16, 2019, 02:55:48 pm ---
--- Quote from: rsjsouza on February 16, 2019, 01:14:24 pm ---You are talking about two different things: physical money and money value. The latter is what you are talking about in the rest of your post.

Physical money exists: having a chest of US$100.00 bills is real and can be exchanged anywhere with very little difficulty.

Having US$260M in a pendrive or in the computer screen of your bank account website is what is perceived as real but loses value as soon as the password is lost or the bank goes bankrupt or other scenarios: war, government seizure, economic crash, etc. (I have been through the latter two scenarios)

--- End quote ---
Good luck spending that "physical money" when it's in a practically unbreakable vault.

--- End quote ---
My post talks about any virtual representation of "physical money", which surely can be stored in an almost unbreakable vault. Actual physical money... Not so much.
Mr. Scram:

--- Quote from: rsjsouza on February 16, 2019, 11:07:58 pm ---My post talks about any virtual representation of "physical money", which surely can be stored in an almost unbreakable vault. Actual physical money... Not so much.

--- End quote ---
Use any other comparison, like the paint they use to mark stolen bills. I'm simply illustrating the perceived difference isn't there. We're just more used to fiat money. Paper money is as much a representation of value as a blockchain stored on a drive is.
rsjsouza:

--- Quote from: Mr. Scram on February 16, 2019, 11:32:53 pm ---
--- Quote from: rsjsouza on February 16, 2019, 11:07:58 pm ---My post talks about any virtual representation of "physical money", which surely can be stored in an almost unbreakable vault. Actual physical money... Not so much.

--- End quote ---
Use any other comparison, like the paint they use to mark stolen bills. I'm simply illustrating the perceived difference isn't there. We're just more used to fiat money. Paper money is as much a representation of value as a blockchain stored on a drive is.

--- End quote ---
No disagreement there, but you are talking about the value of money while I am talking about liquidity. And that is the caution I made in my original reply to RoGeorge's post. Your original post indicates the liquidity of "physical money bills" is equal to a criptocurrency or other representation. Being pragmatic, this is not simply a perceived difference; it was decided by international agreement that FIAT money carries value and was defined as the basis for goods exchange in intranational and international exchanges.

I am not talking about the value money has in the act of goods exchange: I surely know in practice that FIAT money can be equally worthless or valued depending on the conditions (war, famine, transnational exchanges, etc). 
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