Does money have to be a tangible good?

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

Pages: [1]

« previous topic next topic »

Author

Topic: Does money have to be a tangible good? (Read 672 times)

bitbit (OP)

Newbie

Offline

Activity: 14
Merit: 0

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.

1714967909

Hero Member

Offline

Posts: 1714967909

Ignore

1714967909

1714967909


	Report to moderator

You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!

Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.

1714967909

Hero Member

Offline

Posts: 1714967909

Ignore

1714967909


	Report to moderator

1714967909

Hero Member

Offline

Posts: 1714967909

Ignore

1714967909


	Report to moderator

bitbit (OP)

Newbie

Offline

Activity: 14
Merit: 0

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

Full Member

Offline

Activity: 126
Merit: 100

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

Legendary

Offline

Activity: 1031
Merit: 1000

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.

Bitcoin Knowledge Podcast with top Bitcoin people and the Free Bitcoin Guide.

Mike Christ

aka snapsunny
Legendary

Offline

Activity: 1078
Merit: 1003

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.

Digital Painting, Illustration, Character Art

Pages: [1]

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

« previous topic next topic »

Jump to: