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It's a recursive definition, at least. They say the value rests on the faith of the community, and that this faith can be undermined by a change in value/price.
by runeks 10y ago
It's a recursive definition, at least. They say the value rests on the faith of the community, and that this faith can be undermined by a change in value/price. But I guess this is an accurate description of the value of money: it's worth something because it's worth something.