Twntyn's avatar
Twntyn 7 months ago
And again - how would you think a new monetary system would evolve? You really think the way it would is Like: „Here, I made this new Willynilly-currency: I will set the Price for 100g of bread to 10 Willynillys.“ And everything accepts this and a new currency is born? Really?
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frphank's avatar
frphank 7 months ago
No, you need to have network effects and a mechanism to control supply so that the amount in circulation roughly matches the goods and services on offer. This is really hard so only governments currently can do it.
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