It seems to me that labour which is part of a trade/barter system is the only true currency in this world. If there is no work involved, nothing really occurred.
Money Creation and Central Banking
- Thread starter Read_Lives_of_Saints
- Start date
Yup! All value is derived from labor / human effort, which is an easy way to see when money is not serving its proper role.
When money can create more money without labor, it should be questioned.
Yes, only money backed by energy is real money, since that is what it is a representation of. The very essence of BTC is an energy requiring mechanism to approve transactions. It surpasses gold because it does not require centralization, thus trustless and permission-less. Only a local barter of gold could even come close to this, and even then you'd need trust through verification (coin, assay, etc) that are basically just good guesses that it's the legit element.