[littletimmy]

Bitcoin exists in a system that is supported by the state. Money requires the state. You're thinking in very limited terms. Think broadly: in a society which does not have security guaranteed by the state, there will be no economic systems.

Historically, states and credit-based money came first. THEN came the unit of account and medium of exchange money that you are talking about.

Going back to the original point, can you go to a deserted island and make "money"? No. You need society. You need government. You need an economic system. The money is only partially "yours".

[ahomescu1]

> Historically, states and credit-based money came first. THEN came the unit of account and medium of exchange money that you are talking about.

Actually, the Wikipedia page on "fiat money" (if that's what you're referring to) says: "Fiat money originated in 11th century China" [1]. There were many commodity currencies before that.

> Going back to the original point, can you go to a deserted island and make "money"? No. You need society. You need government. You need an economic system. The money is only partially "yours".

That's if there is only one person on that island. If more people live on the island, they might start trading services and use some some improvised currency, e.g., coconuts or seashells. In this case, you have a society and money, but not necessarily a government.

1. https://en.wikipedia.org/wiki/Fiat_money#History

[littletimmy]

> Actually, the Wikipedia page on "fiat money" (if that's what you're referring to) says: "Fiat money originated in 11th century China" [1].

I'm referring to ledgers of credit. They originated in Mesopotamia, thousands of years ago. Check out the book "Debt" by David Graeber.

> That's if there is only one person on that island. If more people live on the island, they might start trading services and use some some improvised currency, e.g., coconuts or seashells. In this case, you have a society and money, but not necessarily a government.

See, that's completely untrue. What is actually going to happen is that multiple people on that society are going to bludgeon each other to death once there are enough people to constitute a society.