As someone who works at a financial institution, this is a really refreshing and concise breakdown of money and monetary systems. I think the most important thing that people should realise from reading this is that none of the things we have in our monetary systems were dreamed up for no reason, each solves a clear problem, and often was found by multiple independent groups of people at different times. I absolutely love the fact that it's essentially just layers of trust, analogous to a certificate authority or a domain name system.
And, of course, that the top level of trust is a bit arbitrary, and that "black money", of course the US Dollar, isn't worth more than trust in the US government.
hypfer
I feel like this is either AI-generated or severely lacks context.
There might be a point in there, but it might also just be paragraphs of text with little structure joined together.
What's the narrative? What does this want to tell me? And why?
Something like an opening header block with 2-5 sentences would go a long way.
show comments
markvdb
The part where the bat wielding despot required payment using the money of his issue was left out.
stymaar
> The villagers are tired of bartering
Come on… It's been known for more than a century that bartering has never been the default mean of exchange among humans, can we kill this myth eventually?!
As someone who works at a financial institution, this is a really refreshing and concise breakdown of money and monetary systems. I think the most important thing that people should realise from reading this is that none of the things we have in our monetary systems were dreamed up for no reason, each solves a clear problem, and often was found by multiple independent groups of people at different times. I absolutely love the fact that it's essentially just layers of trust, analogous to a certificate authority or a domain name system.
And, of course, that the top level of trust is a bit arbitrary, and that "black money", of course the US Dollar, isn't worth more than trust in the US government.
I feel like this is either AI-generated or severely lacks context.
There might be a point in there, but it might also just be paragraphs of text with little structure joined together.
What's the narrative? What does this want to tell me? And why?
Something like an opening header block with 2-5 sentences would go a long way.
The part where the bat wielding despot required payment using the money of his issue was left out.
> The villagers are tired of bartering
Come on… It's been known for more than a century that bartering has never been the default mean of exchange among humans, can we kill this myth eventually?!