[xlii]

Which IMO highlights what the money is. It’s a trust bond, nothing more and nothing else.

Paper money isn’t guaranteed to be always accepted. It only takes most governments a one day to say something like “because of <big crisis> we’re no longer accepting <currency> as they’re subject to <something bad>”. Paper money becomes fireplace material in an instant. (Or dystopian scenario - dictator decides that currency transactions can be done only by citizens, all other transactions are void).

What is really weird is this dualism in trust. On one side there’s distrust to government controlled organizations about online money, and on the other there’s trust that government (own or foreign) won’t regulate it into oblivion for some silly reason.

If we get to apocalypse level crisis one is much better off on stocking cigarettes, coffee and chocolate anyway…

[bombcar]

It's even more amusing to realize that multiple times in history, paper money has continued to "have value" and be used in exchange even after the government devalued it completely - usually by ceasing to exist.