this post was submitted on 21 Mar 2025
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Economy

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[–] [email protected] 1 points 1 day ago

Money as a unit of account was only necessary for governments to pay soldiers because the real system of exchange before coin was favours (not barter) and a stranger with a weapon couldn't be trusted ... but their gold could.

Crypto is trying to solve a problem that doesn't exist, money was never a product of the free market and without the violence of the state standing behind it can never be stable enough to serve as a store of value.