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merc@sh.itjust.works ⁨7⁩ ⁨months⁩ ago

The idea that money is tied to the state is silly.

No, it’s not. It’s historically accurate. All money is state money, always has been, always will be.

Many things have been used as money, way before the concept of a “state” existed.

Nope. Sorry, that’s wrong.

Undeniably the money that lasted best across the passage of time is gold.

Gold isn’t money. Gold is a commodity. Gold was used for jewelry, and as a bright shiny thing that didn’t tarnish had value because of that. People would sometimes exchange gold or things made of gold, but not gold coins. But, they’d also exchange other useful things: food, tools, cloth, etc. Gold coins were created by various states.

people willing to exchange it for goods and services

Never happened. Sure, there were gifts or donations, but it wasn’t X amount of gold for Y amount of grain. There were debts, but debts weren’t listed as a certain amount of gold, or a certain amount of money. Debts are old, money is new. Trading one thing for a certain “price” didn’t happen until coins existed, and coins didn’t exist until there was a state.

Todays fiat money is created at will by a few select people that are not democratically elected

Oh, blah blah blah. “Fiat money” is the only kind of money that has ever existed or will ever exist. It doesn’t much matter whether the government is “democratically elected” or not, currencies are created by and backed by a state and their ability to obtain a monopoly on the use of force within their area of influence. Most states with currencies are currently democratic, even if the structure of the US federal reserve is confusing to you.

They get to decide how much they debase your savings for the “greater good”, while the ones that profit the most are those who control the source.

More blah blah blah crypto nonsense.

Look, do some research on this stuff. Debt is a good place to start.

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