Technically no. Money is only real if 2 or more people believe it to be so.
Think about it. We exchange dollars, euros, bits, whatever all day long. Do you ever stop to think, "Why does this hold any value to me?" Its because someone else will accept it in exchange for goods or services.
Think about it. We exchange dollars, euros, bits, whatever all day long. Do you ever stop to think, "Why does this hold any value to me?" Its because someone else will accept it in exchange for goods or services.
The Onion, as always, captures this perfectly: http://www.theonion.com/articles/us-economy-grinds-to-halt-a...