Wrong. For all intent and purposes, you could switch any cryptocurrency with whatever FIAT in your sentence and it still applies. I don't hunt money and wear it as a necklace (lion teeth). I don't mine it out of a gold mine. It is given to me in exchange for work.
Given.
Exchange.
If you and I agree that we only accept little tin circles; What's the difference? When you say money, what are you referring to? Just the US bank note? Some brass coins? Any FIAT?
Today's FIAT have nothing to do with what currency, basically just a fancy IOU note, used to be.
Currency WAS representative of human work. Directly. The oldest known form are lion teeth. You had to WORK to get them. It was direct proof of work. And it was important to keep that link so no arbitrary value is taken or added to it.
The next major leap of currency was IOU notes. Notes that banks respected between each other. One bank gives you some paper that says "trust me, bro, I'm worth 2 lion teeth". You go to another bank and can exchange that paper back to 2 lion teeth.
At one point in time, the US bamboozled the entire world and declared the US dollar as some form of new gold bar (what it was previously tied to, gold; proof of work). Tying all of FIAT to it. A value that can more easily be arbitrarily changed. And, since then, propaganda reigns supreme and people like you are born. Praising a nonsensical paper as some kind immovable artefact of mankind.
Language evolved.
Law evolved.
Currency didn't evolve.
And, for some reason, you are fighting its evolution.
This is simply not correct. A fiat currency is ultimately bound to the performance of the global economy, so it sure ties into gold mines or the lion teeth gathered by hunters, I've you're so inclined to keep it savage.
The dollar is fundamentally a promise of the US government that they owe you a given amount of money. As long as the US government exists, a dollar is going to have a worth. You may debate the virtue of the US government all you want, but at the same time, there's nobody to give you any such guarantee for a Bitcoin, or an NFT. The moment the market settles for a new plaything, these binary numbers you praise will be entirely worthless. So when I say money, I'm referring to the trustworthiness of its issuer.
The only thing Crypto has brought us is a gambling system rich people use to get richer, and poor people use to loose money; lots of brainlessly burned electricity; a neat way to collect ransomware payouts; and a bunch of Ponzi schemes.
People like you like to feel smarter than anybody else, and I know you'll stay committed to cryptocurrency regardless of any reason. So I will drop out of this discussion here, as it's fruitless.
Given. Exchange.
If you and I agree that we only accept little tin circles; What's the difference? When you say money, what are you referring to? Just the US bank note? Some brass coins? Any FIAT?
Today's FIAT have nothing to do with what currency, basically just a fancy IOU note, used to be. Currency WAS representative of human work. Directly. The oldest known form are lion teeth. You had to WORK to get them. It was direct proof of work. And it was important to keep that link so no arbitrary value is taken or added to it.
The next major leap of currency was IOU notes. Notes that banks respected between each other. One bank gives you some paper that says "trust me, bro, I'm worth 2 lion teeth". You go to another bank and can exchange that paper back to 2 lion teeth.
At one point in time, the US bamboozled the entire world and declared the US dollar as some form of new gold bar (what it was previously tied to, gold; proof of work). Tying all of FIAT to it. A value that can more easily be arbitrarily changed. And, since then, propaganda reigns supreme and people like you are born. Praising a nonsensical paper as some kind immovable artefact of mankind.
Language evolved. Law evolved. Currency didn't evolve. And, for some reason, you are fighting its evolution.
Don't vote.