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@ Jeff Swann
2025-03-12 19:10:21
I think what the story shows is thst when there isn't good money available, people will use any halfway viable thing in its place. And it's also basically a demonstration Gresham's law -- given the same face value, the out of date tuna will trade & the good tuna will be saved.
But tuna just isn't a good form of money.
A good form of money is something that doesn't expire, is more scarce, is more divisible, is more portable, is verifiable, & is censorship proof. Bitcoin is better at all of the above than any other money to ever exist. What would the bootstrapping of a new monetary system look like?