It's always fun to remember that currency is, quite literally, only what we make it.
RE: [Private currency before cryptocurrencies] A business card that people sell on e-bay for $2
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[Private currency before cryptocurrencies] A business card that people sell on e-bay for $2
@erroneous-logic I also like to think of money's value as relevant to your situation. Stranded on a secluded and deserted island, $10,000 cash or $5 knife? 99.99% of sane people choose the $5 knife. So at this relevant point on this deserted island, one thousand pieces of paper with a 1 printed on them is worth less than $5 dollars. Very interesting I say.
Full $teem Ahead!
@streetstyle
ps. see my story Steemit is Toast
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Indeed. A medium of exchange isn't much use when you've nothing to exchange.
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Yep :)
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