On Mon, 19 Oct 2020 22:39:50 +0200
Deloptes  wrote:

> paper money is promise by the bank that you can get something with real
> value in exchange.

 That promise is empty, paper money is as much debt as electronic
money. The value of money (gold included) exists primarily in the belief in
its value backed by it being the only way to pay taxes.

 The problem with gold as a basis of value is that it doesn't scale
with the fundamental source of value, which is the activity of people. More
people means more value in the world but not more gold.

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