Modern Economic Nonsense — A Myth of Valuation

Many people claim a fiat dollar is worth more than cryptocurrency.

Many more people buy the idea of a dollar bill worth more than a piece of paper 🤣!

Here is a myth: does a dollar bill actually worth what it claimed to be 💵?

What is money then 🤔?

According to the Central banks, you can argue that the money is a valuation measurement or a trust-based banknote.

➡️ If you believe the money is a ruler 📏 only, then we can have other rulers rather than using the central bank certified ruler 😉.

➡️ If you believe the money is a trust-based banknote, the central bank can treat you to believe in it because you trust them 100% 😒.

Which route would you like to pick 🙄?

I would pick a ruler route 📏.

The reason is based on the history of the money.

In general, everyone reads about the history of money, which tells you that history starts with bartering — exchange without money, gold standard, then fiat currency.

However, human history suggests that a pure bartering society did not exist at all. Instead, it is within the money exchange society.