so what is money any more

[ghostrek]

No one uses cash anymore

[André Toulon]

Elaborate 

[ghostrek]

3 minutes ago, André Toulon said:

Elaborate 

credit cards or debit card, no paper money 

[Insipid]

At its core, money is a social technology. It’s not a natural substance like gold or water—it’s something humans created to make exchange, trust, and measurement possible in large societies. Economists usually describe money through three primary functions:

Medium of exchange – Money lets people trade without bartering. Instead of swapping goats for grain directly, you can sell a goat for money and later use that money to buy grain—or anything else. This removes the “coincidence of wants” problem.

Unit of account – Money provides a standard way to measure value. Prices, debts, and wages all become comparable when expressed in a common unit (like dollars, yen, or euros).

Store of value – Money preserves value over time. You can work today, save your wages, and spend them later. (Of course, inflation or instability can weaken this function.)

Historically, money has taken many forms:

Commodity money (things with intrinsic value, like gold, silver, salt, or cattle).

Representative money (paper backed by commodities—like the gold standard).

Fiat money (modern currencies not backed by a physical good, but by government decree and trust in stability).

Digital money (bank deposits, credit entries, cryptocurrencies).

The unifying element is trust. Money only works because people collectively believe in and accept it. Without that shared belief, the tokens—metal, paper, or digital bits—are just objects.

 Sponsored by ChatGPT.

[Mode 7]

 

[André Toulon]

2 hours ago, ghostrek said:

credit cards or debit card, no paper money 

I just used cash at Arby's...who won't let you use cash?

Granted, I dont care for cash.... I just can't avoid having it sometimes...but I have zero problems getting rid of it.

[Ric]

I still use cash sometimes, so do a lot of people.

[ghostrek]

3 hours ago, Insipid said:

At its core, money is a social technology. It’s not a natural substance like gold or water—it’s something humans created to make exchange, trust, and measurement possible in large societies. Economists usually describe money through three primary functions:

Medium of exchange – Money lets people trade without bartering. Instead of swapping goats for grain directly, you can sell a goat for money and later use that money to buy grain—or anything else. This removes the “coincidence of wants” problem.

Unit of account – Money provides a standard way to measure value. Prices, debts, and wages all become comparable when expressed in a common unit (like dollars, yen, or euros).

Store of value – Money preserves value over time. You can work today, save your wages, and spend them later. (Of course, inflation or instability can weaken this function.)

Historically, money has taken many forms:

Commodity money (things with intrinsic value, like gold, silver, salt, or cattle).

Representative money (paper backed by commodities—like the gold standard).

Fiat money (modern currencies not backed by a physical good, but by government decree and trust in stability).

Digital money (bank deposits, credit entries, cryptocurrencies).

The unifying element is trust. Money only works because people collectively believe in and accept it. Without that shared belief, the tokens—metal, paper, or digital bits—are just objects.

 Sponsored by ChatGPT.

wow  ok that's deep 

[discolé monade]

iono...

i find that cash is still 'king' in certain arenas. 

 

i just want all the pennies. 

[Mode 7]

5 minutes ago, discolé monade said:

iono...

i find that cash is still 'king' in certain arenas. 

 

i just want all the pennies. 

Don't tell me you're one of those houses that give out pennies to trick or treaters 

[André Toulon]

45 minutes ago, discolé monade said:

iono...

i find that cash is still 'king' in certain arenas. 

 

i just want all the pennies. 

Cant buy weed without it...idk about other places but for some weird reason, you can only spend cash in dispos.

Which i think may have also led to the quick closure of that bar with the philly....you could definitely add prerolls to your tab and fash out on card

[Doom Metal Alchemist]

12 hours ago, Mode 7 said:

Don't tell me you're one of those houses that give out pennies to trick or treaters 

One time this house we came to was offering quarters, which back then to our young minds was pretty cool. They let you take a handful, and whatever you got in that handful was yours. Mine was pretty pitiful, but my brother got a huge amount, way more than pretty much everyone else that we saw.

[[classic swim]]

Got turned away just now from the corner store.

All I wanted was to break what I had on some shitty beer. I still had my house shoes on and everything. They put multiple signs up like it was the zombie apocalypse.

I mean, places around here have suuuuuuucked. Especially where I went.  But never have they sucked so bad that they screamed they weren’t using cash before. 

[discolé monade]

20 hours ago, Mode 7 said:

Don't tell me you're one of those houses that give out pennies to trick or treaters 

lol....NO WAY! pesos...we do pesos here. 

anyway...no i want them to use in different projects. 

20 hours ago, André Toulon said:

Cant buy weed without it...idk about other places but for some weird reason, you can only spend cash in dispos.

Which i think may have also led to the quick closure of that bar with the philly....you could definitely add prerolls to your tab and fash out on card

that. i wonder if is has to do with....

you know what? i have no idea...

i just know MY DOCTOR will not take credit or debit. check or money order....maybe...if stretched.

but cash is king in cannabis world. 

[1pooh4u]

I use cash all the time unless the place is cocks and doesn’t accept it, like MetLife stadium 

[1pooh4u]

Most cannabis dispensary cannot accept credit cards because federally it’s not legal making most banks not wanting to touch it. I think debit is acceptable because it takes the $ directly from your account. Med dispos in nyc use something called canna pay which is their own credit thing