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Yes, but money is an abstraction by itself, and is a separate discussion as such. Money should be the abstraction of unfulfilled/unfulfillable needs in a trade. (Farmer selling cow to the mason, but not in need of building at this moment, but he needs a car)

Fiat is the abstraction of money. 🤔

The 'common goods' that governments commission is paid with perpetual debt, which is loaded upon the later generations. So the abstraction of fiat is to the value it should represent. That is where gold and Bitcoin come in.

One could even consider the o so famous Rai stones as even a less abstracted money than Bitcoin. For ir is for everyone clear that the abstracted favor is owned by/owed to the holder of the Rai 🤭

Camilo 1y ago

Sure. But still, money is for everyone.

Example: A wants to nuke B unless B gives A some money. B can pay the price to A or it can pay it to C for protection against A. Even though A, B and C are ideologically desaligned.

In a way is the glue that helps tribes or civilizations to deal with each other regardless of wanting to exterminate each other.

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Discussion

soulexporter 1y ago

Sounds more like the promise of violence is 🤭😜

Camilo 1y ago

Yeah. This example is clearly in that direction.

But I like to believe that the violence is always going to be around and that money, specially sound money, mitigates it.