4 ms·
If I create my own medium of exchange (MoE) it's only valuable to someone else if that MoE can be used to purchase goods or services from anyone in the system.
by irln 9y ago
If I create my own medium of exchange (MoE) it's only valuable to someone else if that MoE can be used to purchase goods or services from anyone in the system. What would incentivize Amazon or my local baker to accept my currency?