this post was submitted on 28 May 2024
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submitted 10 months ago* (last edited 10 months ago) by [email protected] to c/[email protected]
 
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[–] [email protected] 5 points 10 months ago

IIRC an aspect of this is that earlier forms of trade and currency were more tied up in the personal relationships between the people trading and their culture, which makes for an impractical environment for a foreign mercenary with no local familiarity or trust to do business, hence the terrible power of gold's fungibility.