Do you have medical insurance ? Or car insurance? I guess you and I guess you find them useful.
All these worthless paperless money as you call it are precisely also instruments for companies and individuals to gain some economical stability during uncertain times by buying contracts and shifting the risk to someone else that has either more financial means or has worked to have a better view of future conditions.
So as an example, your medical insurer and your car insurer know pretty well the odds of you needing either medical treatment or suffering some type of car accident. And because they also have the financial means to risk being wrong, they offer you an insurance, because in the aggregated number they are usually right in their predictions.
All these worthless paperless money as you call it are precisely also instruments for companies and individuals to gain some economical stability during uncertain times by buying contracts and shifting the risk to someone else that has either more financial means or has worked to have a better view of future conditions.
So as an example, your medical insurer and your car insurer know pretty well the odds of you needing either medical treatment or suffering some type of car accident. And because they also have the financial means to risk being wrong, they offer you an insurance, because in the aggregated number they are usually right in their predictions.