|What is Money ? | Making Sense of the Science of Getting Rich|
Most of the time, the first image that comes to mind when one thinks of money will be a little piece of paper, often with the portrait of an important historical figure on it, a bunch of markings and a number representing the value attributed to that piece of paper. But when you really think about it, it’s just a fancy printed paper with a number on it. So much so that you can’t even scan, print or photocopy money even if it's just for fun. Most photocopiers, scanners, printers and softwares have special embedded codes that recognizes money and prevents you from scanning, printing, or photoshoping it on your own, even just a portion of it.
But that’s not the only physical form in which money exists. It can also be a piece of paper signed by you in the form of a cheque. By signing a cheque, you determine and assign value to that piece of paper. The same piece of paper can be worth $5, $500, $5000, $50,000 or more. As long as you have a bank account, hopefully with money in it, you have the power to give value to that piece of paper. In a sense, you have the power to create money.
Furthermore, with the current advances in technology, money is also computer codes represented by numbers on a screen that you can now access via a bank machine, your own electronic devices or through the use of a plastic card commonly named credit card or debit card. And with the evolution of systems like paypal, bitcoin or dogecoin, it’s even harder to really define what money is, other than a number based on a mutually agreed value.
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