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by ballenf 3237 days ago
It's no different than all the third world countries inventing phantom cash every time they trot out a new currency because the old one suffered astronomical inflation.

All money is funny money. The US government regularly invents phantom cash out of thin air in order to maintain the desired 3% annual inflation. That's hundreds of billions of dollars every year that just poof into existence.

I'm basically with you though, but just out of having not had any need for it yet.

If a need arises, I'll get some just like I had to get 8 different currencies while traveling Europe before the EU. Those leftover bills feel pretty much like funny money to me. There are lots of people who would trade me US currency for them, but I still subjectively value them as basically worthless because ... well it doesn't really matter why (truth is, I'm too lazy/"busy" to go to the bank).

The value of a currency, any currency, (like any other object) is subjective to the holder.

1 comments

Some of us remember way back when the crypto dorks were claiming that bitcoin would be the first unfunny money :)