• breadsmasher@lemmy.world
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    3 months ago

    well, no, the whole point of money is to exchange for goods and services instead of bartering

    • tuskerM
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      3 months ago

      Without needing to know anything about the individual you are performing the exchange with because the money carries the trust.

      The state is a mafia that has turned human interaction on its head and made everyone a spy for the ruling class.

      By having data on the majority of transactions and capital flows the elites can game the markets at the expense of society as a whole.

      Forcing people at gunpoint to collect personal information on everyone they interact with is a disgusting communist practice and needs to be abolished and resisted.

    • g2devi@feddit.nl
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      3 months ago

      Actually, the meme is correct and something I didn’t realize. Money is deferred proof of work (i.e. a store of wealth) and a unit of exchange. Money allows me to have a unit exchange with you without knowing what your needs are so we don’t have to barter. Since I won’t need to know what you eventually will want for barter, I can store value for the future. Note, any commonly accepted nonperishable commodity (fiat, gold, silver, Monero, rice, beans, cigarettes, beaver pelts, etc) fits this definition too.