Does money have to be a tangible good?

Bitcoin Forum > Economy > Economics > Does money have to be a tangible good?

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Topic: Does money have to be a tangible good? (Read 673 times)

bitbit (OP)

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Does money have to be a tangible good?

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.

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bitbit (OP)

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Re: Does money have to be a tangible good?

April 04, 2013, 01:09:12 AM

http://monetary-metals.com/gold-redeemability-bitcoin-and-backwardation/

And what do you think of this article?

Tonko

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Re: Does money have to be a tangible good?

April 04, 2013, 01:47:03 AM

Quote from: 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.

Who says you can't use fart as the payment?

sunnankar

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Re: Does money have to be a tangible good?

April 04, 2013, 03:08:19 AM

Quote from: bitbit on April 04, 2013, 01:07:51 AM

I have always heard that money has to be a tangible good.

Bitcoin is tangible; it is just not corporeal.

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Mike Christ

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Re: Does money have to be a tangible good?

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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