Money is a Social Scam

Money is a social construct, this is because the society have decided to agree that money which is a piece of paper should be given a value. It’s a social agreement . It requires people to trust it, you can see from the way people trust the dollar paper Bill in their pocket, they trust the digits in their online bank account same goes with the redeemable store gift card.

Money has value because that was what we were told by our parents, teachers and people older than us, they were also told the same thing, and the people that told them were told the same thing. So the idea was passed from one generation to another. At a point in your life, you should think that, how much does it cost to make money? Do you think you spend money to make or print money?
Do you know that it cost more to make quarters and nickel than to make dollar bills?

It cost the government $105 million in 2013 to produce these coins. Because money is spent to buy the materials needed to produce the coins and pay for making the coins. The value of money is been decided by the government and the quantity been produced. Corruption in the government has gotten to the extent that politicians have printing money machines in their house. They can print as much money as they want.

Same social construct is applied almost everything in the society, that is why tobacco cigarettes and alcohol are accepted everywhere and legal while weed is illegal. Weed is illegal because some people in the society said it’s illegal. And Tobacco and alcohol is legal because they said so even if all of them intoxicate you.

This is what cryptocurrency and bitcoin wants to change. The government is not in control of bitcoin, and they can’t make more bitcoin. They can’t have a machine that will add more bitcoin to the bitcoin volume. They also don’t decide the price, the activities of the users do.

The same social construct that has been used on paper money and digital online money is what is been used on cryptocurrencies. Few days ago @known.prince wrote an article about why is hive/Leofinance pob paying me for creating content and how the incentives were generated. Some one in the comment @captainklaus asked where the money incentives come from, and @known.prince replied from the blockchain technology rewards which is acceptable social construct.

So in my opinion, money is an illusion or fantasy but that’s what rules the world and makes the world go round and so we need to get this money to survive in this world we are in.

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