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Mark Armage
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Comments by "Mark Armage" (@markarmage3776) on "What is money? | Saifedean Ammous and Lex Fridman" video.
No, little kid. It's still just medium of exchange. What you're talking about is actually a medium of exchange that can be created and destroyed accordingly by certain belief. Specifically the fiat system. That is a kind of "money" but it's not the definition of money. Think a bit harder. Let's say if you're no longer on the fiat system and you trade using gold or bitcoin, the definition of yours fell apart. Banana can be money, a car can be money, sea shells and tulips can be money, as long as they're a medium of exchange, they're "money".
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@007SuperSoldier Go grab the dictionary and learn proper English. Money by definition is whatever that can be used as a medium of exchange, the utility of it is the definition of it. There is no accounting entry involved here. You're just confused because you don't graps the fundamentals, please, go learn some math and spare us your ignorance.
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@007SuperSoldier I don't know where you get that nonsense about "oldest written records" from but they're totally untrue. Beside, that's not really the point here. Do not confuse credits with money. Credits is a separate system that works together with the "money" system being in used. Like I said, you have little understanding of the fundamentals. Come on, man, go back to school. It is just a medium of exchange. Are you trying boost up your ego by making up something that is false and pretend that it is true?
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@007SuperSoldier About math, let's say basic high school math in the US. After you're done with that, advanced high school math, then maybe fundamentals engineering math. The point is to hone your logical thinking ability, because you suck, homie.
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