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>>This isn't theoretical, because we already see soap and other easy to fence goods used as exchangeable assets. How about scaling it? Do you wanna carry a lor
by tmptmp 10y ago
>>This isn't theoretical, because we already see soap and other easy to fence goods used as exchangeable assets.
How about scaling it? Do you wanna carry a lorryful of soap/cigarettes to buy an iPhone or how? One odd person may still choose to do so and one odd seller may accept such a payment. But it is sufficient just to imagine millions of people doing it tens/hundreds of times a day/week to understand how it becomes not only weird but also almost foolish.
e.g. going to on a picnic, carry a truckload of soap/cigarette packs to pay at airport, hotels, restos and so on and hope that there are enough people out there to accept payment using such goods.
Anonymity or not, the other important properties of cash are flexibility, versatility, convenience and unparalleled liquidity. Economics 101.