this post was submitted on 16 Aug 2024
-2 points (44.4% liked)

Monero Memes

308 readers
9 users here now

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] breadsmasher@lemmy.world 4 points 2 months ago (2 children)

well, no, the whole point of money is to exchange for goods and services instead of bartering

[–] tusker@monero.town 2 points 2 months ago* (last edited 2 months ago)

Without needing to know anything about the individual you are performing the exchange with because the money carries the trust.

The state is a mafia that has turned human interaction on its head and made everyone a spy for the ruling class.

By having data on the majority of transactions and capital flows the elites can game the markets at the expense of society as a whole.

Forcing people at gunpoint to collect personal information on everyone they interact with is a disgusting communist practice and needs to be abolished and resisted.

[–] g2devi@feddit.nl 1 points 2 months ago

Actually, the meme is correct and something I didn't realize. Money is deferred proof of work (i.e. a store of wealth) and a unit of exchange. Money allows me to have a unit exchange with you without knowing what your needs are so we don't have to barter. Since I won't need to know what you eventually will want for barter, I can store value for the future. Note, any commonly accepted nonperishable commodity (fiat, gold, silver, Monero, rice, beans, cigarettes, beaver pelts, etc) fits this definition too.