> The implicit value of a currency is backed by being able to tax the citizens. Elaborate? Not sure why this would be true. I'm pretty sure there are plenty o

> The implicit value of a currency is backed by being able to tax the citizens. Elaborate? Not sure why this would be true. I'm pretty sure there are plenty of "commodity currencies" (shells, salt, even gold) that achieved value without some central agency controlling the currency that could also levy taxes.