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I am assuming most of the local economy as it stands now must be working on barter
by newyankee 5y ago
I am assuming most of the local economy as it stands now must be working on barter
- gamegoblin 5y agoIt’s working on more stable foreign currencies, mainly the US dollar.
- kungito 5y agoMy guess would be that bartering works on a smaller inventory but once you have too many products you need a universal currency
- imtringued 5y agoIt works on a large scale too but it requires centralization and a unit of account: https://www.thebalancesmb.com/what-is-barter-exchange-398141 https://www.thebalancesmb.com/what-is-barter-exchange-398141 The account balance is similar to having money but you can't take money out of the exchange. It's tracking "debt" or IOUs (I owe you).