A "currency" needs an enforcer who demands payment in it....

  1. 13,661 Posts.
    lightbulb Created with Sketch. 128
    A "currency" needs an enforcer who demands payment in it. Otherwise it is not a currency. Why would anyone accept it? Besides, as I have said, money can be accumulated to infinity and requires private property law for it to operate. Most of these tribal structures, the earlier hunter gatherers at least, don't tolerate hoarders.
 
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.