"The reason gold was used as money more than granite is no longer relevant." I disagree. Yes moneys are stories, but they are not arbitrary stories. The money-winners eventually emerge due to possessing very specific characteristics.https://twitter.com/TusharJain_/status/1009926106504400897 …
-
Show this thread
-
2/ Gold was chosen as money in millenia-long, multi-locale 'evolution', as people found it has the highest stock-to-flow ratio + durability.
1 reply 4 retweets 19 likesShow this thread -
Murad Mahmudov 🚀 Retweeted Nick Szabo ⚡️
Murad Mahmudov 🚀 added,
1 reply 2 retweets 10 likesShow this thread -
4/ The switch from gold standard to fiat was in part successful because 1) gold was already largely centralized under central / commercial bank control + 2) legal tender + debt extinguishing laws give a strong “price” floor to government-ordained money.
2 replies 2 retweets 12 likesShow this thread -
Replying to @MustStopMurad
Too maybe the general population trusted their government more with that kind of financial
#responsibility back then , now trust has been slowly eroded on many levels in society1 reply 0 retweets 1 like
I’d rather trust algorithms than people at this point 
Loading seems to be taking a while.
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.