2 ms·
Redeeming that token for goods or services looks a lot like commerce.
by remram 4y ago
Redeeming that token for goods or services looks a lot like commerce.
- eru 4y agoWell, if you widen your definition of commerce enough: yes. But to be honest, money that changes hands often looks a lot more 'commerce-y' to me than money that just sits in a drawer until it is redeemed once.
- remram 4y agoFrom a global perspective maybe, from the spender's perspective any currency can only be spent once. Whether you obtain a car by spending your bill or obtain gold by redeeming your bill... you gave your bill in exchange for the good.
- eru 4y agoThat's an interesting perspective to consider. From an individuals perspective, there's a difference between letting my money sit under my mattress or letting it accumulate interest in an account. I can only spend it once in the end, but the money did different things for me while I was still waiting and deciding.