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Author Topic: Does money have to be a tangible good?  (Read 596 times)
bitbit
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April 04, 2013, 01:07:51 AM
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I have always heard that money has to be a tangible good. Some people even say this is economics 101.


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bitbit
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April 04, 2013, 01:09:12 AM
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http://monetary-metals.com/gold-redeemability-bitcoin-and-backwardation/

And what do you think of this article?
Tonko
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April 04, 2013, 01:47:03 AM
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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?
sunnankar
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April 04, 2013, 03:08:19 AM
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I have always heard that money has to be a tangible good.

Bitcoin is tangible; it is just not corporeal.

Mike Christ
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April 04, 2013, 03:56:04 AM
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People buy intangible things all the time.  If intangible goods have value, they have value going both ways.

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