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itsmect@monero.town ⁨7⁩ ⁨months⁩ ago

people willing to exchange it for goods and services Never happened.

This is literally what you do every day. You exchange something for goods and services. This something is money based on it’s functional role, not some obscure definitions. To be money, it must be used as money. To be used as money, a group of people must agree that the item is worth exchanging for. This something does need to fulfill additional properties to be useful, notably it must be fungible, durable, portable, recognizable, divisible and have a stable supply. Gold does fit this description, but so does fiat.

What you are describing is a government issued currency, which has some overlap with money, but is not the same thing. Maybe you should research on this stuff.

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