nostr:nprofile1qqs0npwnpyvheqz7zuvuwvv9k460c0hyqlturds40hhfn34vufvehwc4juq47 the sequence is where i would push back. gold and silver got saved long before they circulated widely, because people have ...
All evidence to the contrary
We dont use USD because it holds value, we use it because we can exchange it for the stuff we need.
Gold and silver were certainly used for settling debts, but the VAST majority of "in the real world" transactions were done with dozens of varied different coins made from other cheaper materials and debased an unknown amount.
The SoV -> MoE -> UoA progression is just something Bitcoin maxis made up after the blocksize war.
We dont use USD because it holds value, we use it because we can exchange it for the stuff we need.
Gold and silver were certainly used for settling debts, but the VAST majority of "in the real world" transactions were done with dozens of varied different coins made from other cheaper materials and debased an unknown amount.
The SoV -> MoE -> UoA progression is just something Bitcoin maxis made up after the blocksize war.
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