Bitcoin

[tw]

Originally Posted by slang

Money is the valuable thing. It's not a derivative. It is valuable alone by itself. But it's not practical to trade with. Conducting trade would be done with currency. ... Money is limited as to it's expansion.

Using that definition, then how is money related to liquidity?

Is a debit card in the category called currency?

Is a credit card classified as both credit and currency - since it does both functions?

[slang]

Originally Posted by tw

Using that definition, then how is money related to liquidity?

If one has a good amount of money (gold, silver, house) but still cannot transact I would call that cash poor. You're worth a million dollars but still can't pay the electric bill.

That's a good question though. Having money isn't always the best situation. Currency is good to transact but varies in value. Slightly in the case of the USD.

Originally Posted by tw

Is a debit card in the category called currency?

I would say yes. Times 2. Your digits in the bank fund the electronic transfer currency, the card.

The debit card is unique in my opinion because it doesn't incur debt. There's no interest. It finalizes a purchase. It's paid. No further payments are required.

The problem with that debit card is that it's tied to the bank. That's it's upside and downside at the same time.

My bank has put a fraud suspicion block on my card 1 or 2 times a year for the last 10 years. It's a stable system but I don't count on it. Regardless of what the balance is, it still might not work when I need it.

On the upside though, I do like it. Dragging large amounts of cash around is often dangerous. Either by theft by steet criminals, or by theft of law enforcement.

Originally Posted by tw

Is a credit card classified as both credit and currency - since it does both functions?

Yes on both. But with the downside ( to me anyway ) of having to pay interest.

But there is also the benefit of challenging suspicious or fraudulent charges. This is a big benefit. It instills it's own form of confidence.

Once you transact in crypto or bullion, it's done. Most of the time that's the point of using these. No further payment required. It's paid for.

[xoxoxoBruce]

I don't pay interest on my credit card. They make their money from making the vendor discount the price. Of course I pay in elevated prices eventually but that's not interest.

From your link...

The fast-moving ionised particles blasted copper atoms off the target. The atoms cooled down and condensed on the surface of a collecting device, producing a thin layer of sand.

It may act like gold chemically, maybe even like gold electrically, but it sounds like with a thin coat it couldn't be used anywhere there's abrasion, like switches.

[slang]

Originally Posted by xoxoxoBruce

I don't pay interest on my credit card. They make their money from making the vendor discount the price. Of course I pay in elevated prices eventually but that's not interest

Point taken.

I was issued a rather high limit gold card many years ago and got so far in debt that digging out was very difficult. Since then, credit cards are of very little interest to me.

That was years ago though and now learning their utility hasn't been a priority. Maybe it should be.

Originally Posted by xoxoxoBruce

From your link...

It may act like gold chemically, maybe even like gold electrically, but it sounds like with a thin coat it couldn't be used anywhere there's abrasion, like switches.

Yes. The concern is that some clever country or corporation will develop technology that changes lead to gold, or mines gold out of ocean water, or the like. Increasing the gold supply.

Rumors from Wiki, Reddit and TheMillineumReportDcom describe the technology existing now. They are allegedly not practical because of energy consumed in the process.

[tw]

Originally Posted by slang

Having money isn't always the best situation. Currency is good to transact but varies in value. Slightly in the case of the USD.

So are you saying that liquidity is unrelated (ie partially) to both money and currency? I suspect you are trying to 'measure' (characterize) money and currency using a standard called liquidity.

[slang]

Originally Posted by tw

So are you saying that liquidity is unrelated (ie partially) to both money and currency? I suspect you are trying to 'measure' (characterize) money and currency using a standard called liquidity.

Running a bit late here, sorry Sir.

Yes. You're right. Liquidity.

It's important. How much currency do you need for your obligations? How much exposure do you want to the banking system or dollar currency system? Or your institutional investments?

How much money do you want to hold back while the currency is expanding?

Very good point, Mr. TW. One needs a combination of all mentioned.

[tw]

Originally Posted by slang

It's important. How much currency do you need for your obligations? How much exposure do you want to the banking system or dollar currency system? Or your institutional investments?

Which is only questions that says nothing about a relationship between liquidity and money or currency.

How do money relate to liquidity?. What is the relationship between currency and liquidity?

[slang]

Originally Posted by tw

...How do money relate to liquidity?. What is the relationship between currency and liquidity?

Money often doesn't support liquidity. I'll probably not break off a piece of my house and give it you for payment of the electric bill.

Currency would more likely support liquidity. Currency being money converted to a more payment friendly form.

Credit with my house as collateral might be a good solution. Or a bank account that holds my salary without credit or collateral involved.

Am I getting close?

What are your thoughts?

[tw]

Originally Posted by slang

Am I getting close?

What are your thoughts?

I was having problems understanding your boundaries between currency and money. That makes it a little clearer.