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The Hierarchy of Money

187 points · 102 comments · gwgundersen

  1. neilwilson · · focus · HN ↗
    Everything is and always has been “here’s a pig owe me one”. Humans trade by promises.

    And there is little hierarchy required if a bunch of people are tasked with stripping you of your assets and your liberty unless a specific type of token is delivered at a particular time.

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