Post #3294746
2026-06-09 23:45 UTC
@cholling@bytes.programming.dev @gknauss@mastodon.social That's what all fiat money is: a collective fiction/act of shared imagination. If enough people believe in it and treat it as real, it has real effects.
Replies (1)
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@cholling@bytes.programming.dev 2026-06-10 11:39
@EndemicEarthling@todon.eu @gknauss@mastodon.social Except fiat money is backed by laws, armies, and police. Stock valuation is backed by vibes.