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Title: Does money have to be a tangible good? Post by: bitbit on April 04, 2013, 01:07:51 AM I have always heard that money has to be a tangible good. Some people even say this is economics 101.
Title: Re: Does money have to be a tangible good? Post by: bitbit on April 04, 2013, 01:09:12 AM http://monetary-metals.com/gold-redeemability-bitcoin-and-backwardation/
And what do you think of this article? Title: Re: Does money have to be a tangible good? Post by: Tonko on April 04, 2013, 01:47:03 AM I have always heard that money has to be a tangible good. Some people even say this is economics 101. Who says you can't use fart as the payment? Title: Re: Does money have to be a tangible good? Post by: sunnankar on April 04, 2013, 03:08:19 AM I have always heard that money has to be a tangible good. Bitcoin is tangible (http://www.runtogold.com/2012/11/why-bitcoin-is-tangible-digging-into-the-guts-of-bitcoin/); it is just not corporeal. Title: Re: Does money have to be a tangible good? Post by: Mike Christ on April 04, 2013, 03:56:04 AM People buy intangible things all the time. If intangible goods have value, they have value going both ways.
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