This reminds me of the irony of people who discredit bitcoin because "it's digital fairy money" when only 8% of the world's currency is physical.
The entire concept of fiat currency is abstraction. It requires layers of illusion to maintain its integrity. At it's core, those in charge of the ledger can change where money goes and who has it.
The entire concept of fiat currency is abstraction. It requires layers of illusion to maintain its integrity. At it's core, those in charge of the ledger can change where money goes and who has it.