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RE: People don't understand money. We really should. We really should try to explain it super simply.

in #money8 years ago

Money is a medium of exchange. People believe that currency holds value and so it does. There is no difference between a Bitcoin that is mined and a US dollar printed. The only difference is we know how many Bitcoins will ever exist, where as the US dollar can be inflated unlimited amounts. So is it really fake money? Or is it real money if people believe it holds value?