Alan Mackenzie <[email protected]> writes:

> In gnu.misc.discuss Alexander Terekhov <[email protected]> wrote:

>> All the euros on your bank account is your intangible property silly.
>
>> No?
>
> No.  "in", not "on", and "are", not "is".  All the euros in my bank
> account are a number of metal disks 2.3 cm in diameter, if an
> inconveniently large number, all perfectly tangible.

Then you would be paying storage fees rather than getting interest.
Tangible property is what you place into a personal safety box.  The
numbers on your account are not tangible, merely directly convertible to
tangible property.

People putting their savings into the Icelandic state bank had a bit of
a problem when too many tried the conversion at once.  The bank ran out
of sufficient access to tangible property.

-- 
David Kastrup
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