Re:The political case for a blanket cryptocurrency ban
by ablekh on Thursday April 01, 2021 @02:29AM
(#26657226)
I think your confusion stems from the imperfect wording in the original phrase. What @karpierz meant (and his/her subsequent sentence supports it) is a) that society in this context implies government and b) that money is a legal tender that, upon tendering (i.e., offering as payment), discharges any debts (e.g., loans, purchases, taxes).
By the way, you're wrong in that money a) is only a store of value (it also functions as a medium of exchange and a unit of account) and b) is separate from society (in the modern world, in most countries, it is only government who has legal right to issue [primary] money).
By the way, you're wrong in that money a) is only a store of value (it also functions as a medium of exchange and a unit of account) and b) is separate from society (in the modern world, in most countries, it is only government who has legal right to issue [primary] money).