Looking back I always thought of money as a solid, tangible object. I’ve now come to realize that a large majority of the worlds money is purely imaginary. No one ever sees their money anymore, they just trust that their bank can safely store their digital wealth. This way of thinking is no different then the people of Yap and their monetary system. They put value into large limestone boulders that don’t even need to be on the same property as the owner, their money doesn’t physically change hands but they know who owns what boulder. The same goes with us in America, most of our money stays in our bank accounts but simply changes hands. We are taught that the money changes hands and one person pays the other, but all that really happens is some digits in this account changes and some digits in that account changes.
Money for the most part doesn’t exist. It is a system of trade and trust that many people agree on. The term money doesn’t define a physical object but rather a way of logic. The only reason physical money exists is because its easier on our minds visually, and previous limits in technology. Eventually money will lose it’s physical form and be solely online.