Somehow, I let myself be drawn into a hellthread about banking, cryptocurrencies, money, precious metals, and what might survive what kind of collapse.
This one guy seems like he’s influenced by “sovereign citizens”:{https://en.wikipedia.org/wiki/Sovereign_citizen_movement} and “freemen on the land”:{https://en.wikipedia.org/wiki/Freemen_on_the_land} beliefs. For example, modern currency is “banking credits”, not money, because it isn’t backed by precious metals. Real money is precious metals, of prescribed purity, in coin or bullion form.
In real life, money is defined primarily by what it does or enables someone to do: a medium of exchange and a store of value.
This one guy seems like he’s influenced by “sovereign citizens”:{https://en.wikipedia.org/wiki/Sovereign_citizen_movement} and “freemen on the land”:{https://en.wikipedia.org/wiki/Freemen_on_the_land} beliefs. For example, modern currency is “banking credits”, not money, because it isn’t backed by precious metals. Real money is precious metals, of prescribed purity, in coin or bullion form.
In real life, money is defined primarily by what it does or enables someone to do: a medium of exchange and a store of value.
Graeber's research seems to indicate otherwise, but unfortunately I haven't yet read him.