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BobGnarley@lemm.ee ⁨7⁩ ⁨months⁩ ago

Gold being a commodity because its shiny and therefore has value is no different than “I want to use this coin to better protect my data and privacy”. Both are values attributed to a commodity. Also, “It may have intrinsic value (commodity money), or be legally exchangeable for something with intrinsic value (representative money), or only have nominal value (fiat money).”

en.m.wikipedia.org/wiki/History_of_money

You are wrong that money has always existed as state issued. That isn’t true

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