Google’s parent company, Alphabet, hit a new milestone on Friday: a $2 trillion market cap.
Google is now the world’s fourth most valuable public company, right behind Nvidia, Apple, and Microsoft, which has a market cap of just over $3 trillion and overtook Apple earlier this year for first place.
Paper money is often backed up by nothing. It’s a little scrap of paper that only has value because we’ve all agreed it has value.
At least paper money it’s something real, what about adding and quitting zeros in a LCD panel? Using it correctly you can make countries go to the fuck and other countries have a great economy. Even more if it’s a centralized economic system.
so you only use paper money, dont get paid via direct deposit, dont use any modern banking mechanisms like debit cards linked to your bank account?
how do you even function?
What do you mean by “real”? The paper is literally worthless by itself. It’s only worth anything because we’ve all agreed on it. It’s the same exact situation with the digital zeros and ones.
Yeah I think I used the wrong term… it will be something more like physically possible than real.
The point is that if you’re doing anything besides direct bartering of physical goods, then you’re trading in something that has basically no actual inherent value. Paper bills, gold, whatever, doesn’t matter. The vast majority of its value comes from our mutual agreement that it has value as a trading device.
I keep trying to tell gold bugs who claim that gold has inherent value that you can’t eat it and it’s impractical for building a shelter, so no it doesn’t.