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No, because things can be sufficiently stable that people are no longer in contest over the fundamentals like food and water, but not sufficiently to have a wid
by cookiecaper 14y ago
No, because things can be sufficiently stable that people are no longer in contest over the fundamentals like food and water, but not sufficiently to have a widely-standardized currency.
Gold is useful because everyone, everywhere recognizes its value independent of any other entity. This happens simply as a function of gold's rarity and manipulability; if you're looking for a natural resource to stand in as a currency, gold meets the requirements better than other materials. This is so, and will remain so despite any human ongoings.