Nick Szabo  🔑

Shes not incorrect in that money is nothing but an agreement, one could call it a collective fiction in a way, but its badly phrased

I'm not going to agree on something that is a fiction, so you can count me out of that agreement.

Fiat dollars are based on a collective fiction but we operate in a world who finds a majority consensus that they will accept/require it to be able for us to survive. we dont believe in that fiction but we still participate

Fiat dollars are based on central bank policy, which is in turn justified by macroeconomic theory. It may well be accurate to call that a collective fiction, but it's a fairly small and narrow collective.

a collective fiction that's reinforced by threat of violence

That's the key. Once you define money as a "fiction", by conflating "subjective theory of value" with "collective fiction", then you have the basis to brainwash millennials and politicians into thinking they can "change the world" by just by fighting against those "fictions".

See I get your point here, but I don't think the intent is to say that saving is a collective fiction. The action and behavior isn't what is being described, but the tool we all decide to use (for whatever reason we decide to use it for) *could* have been another analogous tool.

...And I *think* that's all that's meant by that quote. I could be wrong, but that's my interpretation.

I want the savings of myself and my family to be based on something much more reliable than collective fictions, personal interpretations, or what some wag says "society owes" me or my family. And I know how to achieve that. Thank you anyway for your thoughts.

Understood and agreed. I assess Bitcoin for the properties it displays. Many others seem to rely on trusting what is most broadly used. Hopefully one day we see a merger of what people most broadly used and what displays the best properties.