Re:Hyperinflation and Trust in Ancient Rome
by earthboundkid on Thursday September 19, 2019 @09:13AM
(#21015807)
Also you can steal currency. At this very moment, I owe $8 to my friend because she bought me a drink last night. It is not possible for anyone to steal that $8 because it's a purely relational construct: I and she both know that I owe her $8. I can default, thereby deprive my friend what she's owed, but no third party can swoop in and take the money away from her. But in contrast, you can steal 8 $1 bills quite easily.
“Currency” is where one has (small, most of the time) tokens that represent money. The material used in such tokens can be worth the money it represents, as historically in gold and silver coins, but it need not, as in banknotes.