So what is "money".
I've been uninterested in the bitcoin sort of thing because it sounds like some guys make up the "money:" and just start selling it on a platform where it can be exchanged from one account to another. Limited "coin', with some actual effective uses, people bid up the price vis a vis a monetized "fake" government sort of currency that is systematically inflated across the globe.
stuff like gold, silver, and other commodities are the "real" value store systems of history. Food, shelter, clothing, daily necessities are where ther rubber meets the road.
So Brigham Young had a problem in Salt Lake City circa day one. Nobody had any coin. B Y wrote aut tithing "scrip", notes people could cash in at eh Bishop's store house for whatever was on the shelves, if anything. People took the scrip like money and made it serve in practical exchanges including buying shovels or labor and started being more productive. Some folks paid their "tithing" and turned stuff over to the Bishop's storehouse. Other folks found the scrip worth stuff there.
Not an economist really. But like daily or intraday or whatever options trading in stocks or whatever can we really get rich bidding prices up endlessly? The argument that our various bubbles will burst like the Dutch tulip phenomenon relies on some fundamentals of population changes. A decline in population seems very likely on our doors, and with it most prices will go down as well. Deflation. Banks with high loads of "derivatives" will fail. Maybe these alt currencies as well. Gold bug notions seem to be on a low ebb. But we can't eat gold either. Gov bailout payola is generally sucked up by the few, the proud, the elite, the government officials and their cronies....... They bid up stock prices, real estate, stocks. Can't eat that stuff either. Gentrification or general elite estates/farms/ranches are not effective food sources. Rich dude farmers and ranchers don't know what they are doing. We are gonna first face food shortages and other shortages, then price collapse after all the bubbles pop pretty much all at the same time. Well, anyway that's the case for doomsayers on the deflation argument......
I think the recent big gov payout bills are there because some feel they will keep this ball rolling another day, but can it really just keep going?
I heard one comment about the cost of electricity required to do blockchain stuff. People building plantations filled with computers and servers to just keep these blockchain balls growing.
Non-zero cost of maintaining usefulness here.
But I am interested in seeing how this works, and thanks for the thread.