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Old 05-17-2011, 01:56 PM   #105
Chromer
Scooby Specialist
 
Member#: 20325
Join Date: Jun 2002
Chapter/Region: NESIC
Vehicle:
08 Yamaha WR250R
07 Suzuki DL650

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Quote:
Originally Posted by AllAWD View Post
Yes, but people believe it has value and therefore are causing it to have value.

I believe I'm starting to understand this stuff, but it irritates me that this can happen. It's like children inventing an imaginary money.
All fiat currency is invented. Read the story of how Brazil transitioned to the Real sometime. It was pretty much exactly like that, except theirs was called a 'Unit of Real Value' instead of bitcoin or Euro.
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