Re:Britain being forced to go cashless 'against its will'
by brnaftr361 on Wednesday March 30, 2022 @09:35PM
(#30862917)
Eh, I reckon it'd default to debt systems. Jeb gives Jed a sack of potatoes, Jed owes Jeb. That's far more consequential and desirable at a highly localized scale. Lots of social dynamics to breed in civility, credibility and ultimately give rise to a more cohesive community. This shit where we narrate some fair and precise value is... Surprisingly nebulous...
[ Parent
| on HN ]
Re:Britain being forced to go cashless 'against its will'
by orangepurple on Wednesday March 30, 2022 @09:39PM
(#30862957)
The more frequent solution is to adopt some sort of credit system. When much of Europe “reverted to barter” after the collapse of the Roman Empire, and then again after the Carolingian Empire likewise fell apart, this seems to be what happened. People continued keeping accounts in the old imperial currency, even if they were no longer using coins.