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Re:Bitcoin Breaks $50K for First Time Since Hitting All-Time... by staticman2 on Monday February 12, 2024 @12:09PM (#39347390)
People don't want to barter so they agree to take money. It's useful because you don't want to take your salary in hens or goats or GPUs or whatever and trade them for things you need. That use provides the value.

History doesn't suggest that trading with papers that can be exchanged with gold works better, is my understanding. The U.S. was on a gold standard during the great depression.

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