/biz/ - Business & Finance

>>57440751
You have no actual understanding of economics other than excerpts from the Bitcoin Standard do you?
Gresham's law has nothing to do with SoV, it simply states that
>that an artificially overvalued money tends to drive an artificially undervalued money out of circulation
It is an example of the general consequences of price control.
>>57440909
The Rai Stones were exchanged, in fact they were good at exchange since you can't steal a boulder and the island's inhabitants trusted each other to keep track of who has what stone.
And "SoV demand" is a complete oxymoron, what is there to demand? Storage for the sake of storage is something that nobody does. People hold onto assets in anticipation of being able to use it in the future. For transactions. As a medium of exchange. Utility (more precisely saleability) still continues to predate every other external use. Money doesn't exist in a vacuum to tap into some otherworldly resource of "value" (even though people deluded in fantasies like >>57445246 claim it does), it exists for people to use it. Be that spending in the far future, or the near future. True money will always remain a medium of exchange.

Threadly reminder that the /XMR/ bookclub is back again. The current read is "What Has Government Done to Our Money" by Murray N. Rothbard. The chapters up for reading are the 1-2, "Introduction & Money in a free society", which discuss what is money, why does it exist, what is good money, and how does it function in a free society.

We'll be discussing the chapter's contents this Sunday (30h of July). So grab a copy over at
>https://xmrbookclub.neocities.org/What%20Has%20Government%20Done%20to%20Our%20Money_3.pdf
>https://mises.org/library/what-has-government-done-our-money