• Lukecis@lemmy.fmhy.ml
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    1 year ago

    Not saying we’d be better on the gold standard, but fiat currency is literally worthless meaningless paper that has no tangible value.

    I wish we could go back to barter n trade, to before currency was invented tbh.

    • zos_kia@lemmy.fmhy.ml
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      1 year ago

      Thing is, fiat currency is exactly as worthless as gold or Bitcoin or pebbles. It’s just a unit of measurement so of course it has no tangible value. There’s no going back to barter because it is so impractical that any attempt to make it work will be the first step to inventing currency.

      • Lukecis@lemmy.fmhy.ml
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        1 year ago

        Well, Gold actually has uses in industry and is an actual tangible thing that people like- but I understand your point.

        and yes, I know going back to a barter economy is basically impossible without something like an apocalyptic crash of society & civilization in general.

        • zos_kia@lemmy.fmhy.ml
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          1 year ago

          I think the issue is that gold is way overhyped. Its actual value is pretty low, even aluminium is more industry-critical than gold…