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Yeap what has changed is the scale. Never before have states exerted so strict monetary control in such vast areas. For medieval kings it was just impossible to
by buboard 7y ago
Yeap what has changed is the scale. Never before have states exerted so strict monetary control in such vast areas. For medieval kings it was just impossible to prevent the use of other people's coins.
- codyb 7y agoI’m not sure why anyone would really want to go back to a fractured system (inherently unstable, and very dominant in the early years in America) unless they live in an already unstable system. Universality of your currency is kind of the best selling point isn’t it?
- buboard 7y agoIs it? i dont know. My understanding is that dominant coins exist to subsidize dominant armies, which then protect the dominant coin in a virtuous/vicious cycle. Also, barter worked very well since forever, in which every product is a different "coin", it just doesnt scale physically, while digital currencies do.