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I doubt it as the value of cash isn't only the value, but also in liquidity and granularity. Regardless of whether you have a $50k car or diamond, if you want t
by Etheryte 3y ago
I doubt it as the value of cash isn't only the value, but also in liquidity and granularity. Regardless of whether you have a $50k car or diamond, if you want to buy some groceries you're gonna need to liquidate because no one is gonna have a diamond worth $50k - $25 handy.
- londons_explore 3y agoIt's a bag of diamonds... there might be 50 $1k diamonds in there. And one 1k diamond can probably be exchanged for 50 packs of cigarettes... And one $20 pack of cigarettes can be split into 20 $1 cigarettes... Sure - it isn't quite as easy as cash, but it doesn't seem far off...
- Etheryte 3y agoThis is a nice theory, but doesn't really hold up in practice. For bartering to work, the other party has to hold an interest in what you have, a $1 bill and $1 cigarette are not interchangeable in that sense. If you want to buy bread but the baker doesn't smoke, what good would your cigarettes do for him?