📎 AI Summary:
The thread discusses the nature of the modern money supply, with whoosh sharing a motivational image or link, and monk explaining that most money transactions are now digital, involving electronic account adjustments rather than physical cash. Monk emphasizes that proof of ownership is maintained through legal and financial documentation. Overall, the conversation highlights the shift from physical to digital currency and the importance of legal records in financial transactions.
The thread discusses the nature of the modern money supply, with whoosh sharing a motivational image or link, and monk explaining that most money transactions are now digital, involving electronic account adjustments rather than physical cash. Monk emphasizes that proof of ownership is maintained through legal and financial documentation. Overall, the conversation highlights the shift from physical to digital currency and the importance of legal records in financial transactions.
monk
Extraordinary Member
- Joined
- Aug 6, 2014
- Messages
- 24
Most of money supply has been digital for some time. That is, with large transactions, numbers are adjusted in electronic accounts, as it is impractical to use bill and coins. Proof of ownership, etc., is achieved through legal, financial documents.
