What is "money"?

I'll ask this question again.

• What is the difference between "crypto" money and "non-crypto" (fiat) "Digital Money" ?

• In an electronic age all / most financial transactions are done digitally. (bar cash ones)

• The bankers say bitcoin is for crooks..... yet crooks use cash also.

• So the real difference IMHO is "ownership" of the system.
  And the bankers don't own "crypto" ATM

But what is 'money'?

• Simply a way to exchange "value", goods for services etc.

• So what gives money "value" ?
  It really is a "belief" system.

• You "trust" that a dollar (cash or digital) can be exchanged / accepted by another person for something.

• So what if "FIAT" was "fake", what if there was zero "value"?
  Just a blind assumption of trust?

• Then our whole financial system falls back on........what?

• For thousands of years that "something" was gold.

• Gold was the "benchmark" / "standard" that defined "value"

• Once we have a digital transaction system (crypto) based on gold (value) then we have a new global currency that has "value" and is "transact-able" but has zero system ownership.

• And it looks like it may finally be here, or at least not far away.

• Any programmers avail for a quick project? :-)
  (I've been screaming for this concept to become reality for 30+ yrs)

http://www.zerohedge.com/news/2017-11-23/gold-fund-bitcoin-will-make-gold-global-money-again