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satoshi jr 2 weeks ago
That's not true at all. Money absolutely converges and cultures who use the weaker form either adapt or die You can have bounded areas where someone with a monopoly on force can dictate a currency for limited amounts of time. But all trade outside of that requires a trustless asset.

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satoshi jr 2 weeks ago
Right that's why trade can't happen in the currency used in the bounded box. You have to use a neutral reserve asset. But you're back to the problem of if you try to save in the weaker asset you will lose Money goes to 1