So basically all the “money” in the banks are just numbers on the screen.What would happened

If everyone withdrew all their “money” in paper at once?

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Iwillwait · M

Probably nothing, since it isn't really backed by anything.

Human1000 · M

It’s a confidence game...no confidence, no game.@Iwillwait

CestManan · 46-50, F

@Iwillwait I have heard that money is backed only by people's faith in it.
I guess let that sink in for a moment.

Iwillwait · M

@CestManan "Fiat," I believe the term is.