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Money in the non-fiat-currency sense is just ad-hoc credit or debt, though.
At least, according to some book I read.Anyway, worriers about the immaterial nature of fiat currencies seem unlikely to be much happier with everyone continually issuing their own currencies in the form of tabs, tally sticks and reputation.
useless-
Money in the non-fiat-currency sense is just ad-hoc credit or debt, though.
Which worked fine for buying crisps from your local shop pre fiat.
worriers about the immaterial nature of fiat currencies seem unlikely to be much happier with everyone continually issuing their own currencies in the form of tabs, tally sticks and reputation.
That may not work so well, crypto stuff might well help there. I dunno really either but I can see how currently the monetary system doesn't to work in a lot of ways for a lot of the earth's population.
snottyotter
Isn't that money rather then fiat currency though, money has been around for bloody ages longer than fiat. I took the convince me it works comment as money has become so massively unequally distributed that it's obviously not working for everyone.