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> is a complex social agreement that exists +1 agree this is a massively important distinction in a fiat currency world. Money was property when it was Gold (+
by maerF0x0 6y ago
> is a complex social agreement that exists
+1 agree this is a massively important distinction in a fiat currency world. Money was property when it was Gold (+gold backed). Now it's more social than that.
Unfortunately it seems people are up/down voting me, presumably, on what they think is true and where they think I land on the choice set proposed (Social good vs freedom)
- PaulDavisThe1st 6y agoGold may have the appearance of property, but just like fiat money, this is still due to a complex set of social conventions and agreements. Gold does not have much practical use for most of the things that people do in life, but a reality-based consensus that it is relatively rare and a human-psychology driven fascination with shiny and malleable materials has led us to agree to place value in it. Even that took some effort, such as when gold-centric cultures and silver-centric cultures encountered each other.