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Saturday Morning Breakfast Cereal - Gold
(www.smbc-comics.com)
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this post was submitted on 24 Nov 2023
864 points (99.5% liked)
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It's valuable because barter economies aren't real and don't work. All the alternatives you mention are difficult to transport, not fungible, or not scarce, so they won't work as a currency. Either we revert back to gift economies where distribution of goods happens within a community and follows cultural rather than economic rules, or the market settles on a currency for standardized arbitrary transactions between strangers that has the necessary properties of a currency.