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Amwelladmin (talk | contribs) (Created page with ":''“I don’t need money. I need questions answered.'' <br> :''Question number one: Can I have some money?”'' ::Ford Fairlane A simple, but gravely misunderstood thing....") |
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:''“I don’t need money. I need questions answered.'' <br> | :''“I don’t need money. I need questions answered.'' <br> | ||
:''Question number one: Can I have some money?”'' | :''Question number one: Can I have some money?”'' | ||
::Ford Fairlane | ::—Ford Fairlane, in {{fr|The Adventures of Ford Fairlane, Rock ’n’ Roll Detective}} | ||
A simple, but gravely misunderstood thing. | A simple, but gravely misunderstood thing. | ||
Revision as of 11:15, 29 October 2018
- “I don’t need money. I need questions answered.
- Question number one: Can I have some money?”
- —Ford Fairlane, in The Adventures of Ford Fairlane, Rock ’n’ Roll Detective
A simple, but gravely misunderstood thing.
It is misunderstood by tech people (bitcoin isn’t cash; it’s a fraudulent asset); by people who ask for client money protection from a bank, and those who aspire to take security over it.
Cash is not an asset. It is not property. Cash is is a token of abstract value. It cannot be owned, only held[1] — which is another way of saying whoever holds it owns it, outright, against all the world. They can’t futz around with your interests to it, you can’t declare a trust over it, pledge it, or hold it for anyone other than your self.
References
- ↑ “Ford! Ford! We only wanted to be held!” “Well, you got the bonus plan.”