bankdecay

bohemian slapfight: Anybody else weirded out that most 'money' is now just a series of phantom ones and zeroes in some random place

Reblogged from littleorphanammo

littleorphanammo:

and that those ones and zeroes are digitally transferred to another place where they are also ones and zeroes? And people are like

YAY! Thank you for your phantom ones and zeroes to pay for your invisible waves that you receive with that device you hold!

YAY!

And nothing trades hands and…

Posted August 31, 2011 at 12:47 pm 23 notes

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  1. wildernessbound said: I once had told someone something similar and they refused to believe me that there want actual cash in an actual vault that was being transferred from bank to bank. I think about this a lot.
  2. needsmorecoffee said: In terms of sheer scale, it’s definitely odd. But basically, a piece of paper or metal is only worth something because we agreed some time ago that it is, too.
  3. aatombomb said: that’s all money really ever was, though. it just felt more real because we represented the phantom 1s and 0s with paper units.
  4. stayinbedgrowyourhair said: that’s nothing compared to the weirdness of floating exchange rates. money costs this much because everyone thinks that’s how much it costs except now they think it’s cheaper so it’s cheaper! MAKE IT SO! (obvs that is reductionist but still)
  5. shorterexcerpts said: I think it’s odd that when I transfer wirelessly from one bank to the other, my $$$’s immediately gone from the 1st bank, but doesn’t show up for me until days later at the other bank.
  6. vanboobsenstein said: YES. also, are you high?
  7. yfox said: I think about stuff like this a lot and it gives me anxiety attacks.
  8. bankdecay reblogged this from littleorphanammo
  9. littleorphanammo posted this