74 sats \ 9 replies \ @supratic 20 Jul \ parent \ on: Stacker Saloon
isn't money the most ancient and spread form of debt? #614866
write
preview
21 sats \ 6 replies \ @Lux 20 Jul
Maybe debt is older than money, but by law, debt is not money, money is not debt. A deferred payment is not payment, a promise to perform is not performance.
reply
33 sats \ 5 replies \ @supratic 20 Jul
show me the law that define debt or money.
You may say ... money, but by legislators, debt is...
reply
0 sats \ 4 replies \ @Lux 20 Jul
but by legislators, debt is...
they offered us contracts, we accepted
#511157
reply
0 sats \ 3 replies \ @supratic 20 Jul
... but, isn't money just a piece of paper referring to a tacit contract agreement saying I OWE YOU some credit?
reply
0 sats \ 2 replies \ @Lux 20 Jul
isn't debt an agreement I OWE YOU some MONEY?
reply
33 sats \ 1 reply \ @supratic 20 Jul
I was not referring to legal tender but money in general. When you pay someone with a "legal tender", are you giving them credit or debt?
And if you pay someone with gold, are you giving them credit or debt?
reply
37 sats \ 0 replies \ @Lux 20 Jul
if you pay someone with gold, are you giving them credit or debt?
neither, you give them money.
with legal tender is accounting magic/fraud, money for nothing, as Dire Straits say. credits and debits
reply
0 sats \ 0 replies \ @Athena 20 Jul
What a question! I'm now a huge fan of yours.
reply
0 sats \ 0 replies \ @Athena 20 Jul
What a question! I'm now a huge fan of yours.
reply