John

so they only ban hateful content from balck guys now? Is that how this works? 🤷‍♂️

I’m not arguing in favour of libertarianism, it’s nonsense. I’m pointing out some basic tenets of credit money. In whatever form currency is, it’s always tied to state power over law and taxes. The rai stones are an OK example of it.

https://neweconomicperspectives.org/modern-monetary-theory-primer.html

there is not an item of currency attached to every asset on earth…There is vastly more real asset value than there is currency.

Modern currency is liquid float to help facilitate transactions among items having real value.

Currency itself has only one fundamental value - it’s the only thing that can be used to settle taxes. This gives it a lot of exchange value - people will accept it in exchange for real value because they know there are always people needing to pay taxes, including themselves.