I’m glad you got a chuckle out of that, it was intended to be humorous while also countering your argument.
> I’d you want to call or barter through abstraction I can’t stop you
I was calling it money, but it’s really a spectrum. Is a coupon for a free burger money? What about gift cards?
IMO, it’s money when it’s worth more than the underlying commodity. Stamped coins were a net benefit by being of known purity and promissory notes benefited by being easy to transport. So people mostly didn’t melt the coins down or exchange the notes because easy of trade is inherently valuable on its own. At the other end wasting time exchanging or melting it down is a net cost.
Which in a roundabout way means using money is never barter. Non fiat money has a separate floor on value, but the actual value is generally set the same way fiat money is.
> I’d you want to call or barter through abstraction I can’t stop you
I was calling it money, but it’s really a spectrum. Is a coupon for a free burger money? What about gift cards?
IMO, it’s money when it’s worth more than the underlying commodity. Stamped coins were a net benefit by being of known purity and promissory notes benefited by being easy to transport. So people mostly didn’t melt the coins down or exchange the notes because easy of trade is inherently valuable on its own. At the other end wasting time exchanging or melting it down is a net cost.
Which in a roundabout way means using money is never barter. Non fiat money has a separate floor on value, but the actual value is generally set the same way fiat money is.