insultswhat is the main mode of exchange on dissensus?
A shame that aside from his expertise in Bitcoin he is a Covid-denying narcissist with sociopathic overtones. No one's perfect I guess.Read the bitcoin standard by Saifedean Ammous, about half the book is about what money is. It's a great book and he'll receive the Nobel prize for economics before the decade is out. He sent me a manuscript before it was published in 2017.
He's a little forthright, yes.A shame that aside from his expertise in Bitcoin he is a Covid-denying narcissist with sociopathic overtones. No one's perfect I guess.
But it has no intrinsic value. I mean if civilisation collapsed bitcoin would be gone, dollars etc would pretty much be gone - depending on the extent of the collapse, and gold would still have some value as a physical object, although it's not the most useful metal of coursePretty much all our current problems stem from the free and easy debasement of the money in our pockets by central banks. Money that can be debased so easily, by printing in the trillions, is worth very little, as is demonstrated by inflation over time. Meanwhile, a cow or loaf of bread, for example, costs the same in gold as it did hundreds and thousands of years ago. Gold is hard money, but not the hardest. The hardest money that can not be debased or diluted is bitcoin.
How does one tighten ears and nostrils say?
I've read that as a system it didn't exist to the extent it's commonly held to have done.From what I've read barter never existed it's a mad myth invented by economists. Graeber says this he says all anthropologists know this.
So this frustration sort of called it into existence?the idea is that is was too annoying deciding how many cows were worth how many apples and cash was more malleable i think
I'm just thinking out loud here... but my guess is that if someone travelled to another culture they didn't like swap a cow for a sheep and then go back and make a barter for that sheep and then come with a dog or whatever that the other culture wanted, maybe they came along with a big load of stuff and tweaked until they agreed a deal. A big swap but not a barter in terms of the single item you make for the single item they make kinda thing.Long-distance trade certainly existed for thousands of years before the invention of currency, so if it wasn't conducted by barter then it's hard to see what else it could have been.