Generically, perhaps. But specific money like the USD has value backed up at the... | Hacker News

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		rootusrootus on June 13, 2022 \| parent \| context \| favorite \| on: Major crypto lender Celsius freezes withdrawals as... Generically, perhaps. But specific money like the USD has value backed up at the point of a gun.

hacknat on June 13, 2022 [–]

That is not the only thing that has backed the value of money in the history of humanity. It (violence) is arguably the most inferior social mechanism for enforcing value that has been tried.

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